This week, the General Authority for Statistics (GASTAT) issued a report showing a 2.8 percent growth in Saudi Arabia’s non-oil activities.
In other news, cashless payments are set to rise by 7.6% in 2024. The uptick comes amid the Saudi government’s push for a cashless society, where cash has traditionally been the preferred method of payment. This aligns with the more than SAR 4 billion that has been invested in local fintech companies with the push for digital transformation by the government.
Economy, Budgets and Finance
Arab News: Saudi Arabia’s on the frontline of battle against climate change. Read here
Saudi Gazette: GASTAT: Saudi non-oil activities record 2.8% growth in 1Q of 2024. Read here
Arab News: Saudi Arabia’s real GDP rises by 1.3% in first quarter: GASTAT. Read here
NEOM: NEOM secures SAR 10 billion financing facility as development powers ahead. Read here
Government and Royal Family
Al Arabiya: US ‘very close’ to bilateral deal with Saudi Arabia as part of Israel normalization. Read here
Saudi Gazette: Saudi Arabia and Mauritania sign MoU for energy cooperation. Read here
Asharq Al Awsat: WEF President Highlights Saudi Arabia's Development, Economic Ambition. Read here
Defence and Security
MEED: US approves $250m military training sale to Saudi Arabia. Read here
Arab News: Saudi FM discusses developments in Sudan with army chief, RSF leader. Read here
Commercial
Arab News : Cashless payments in Saudi Arabia to rise by 7.6% in 2024. Read here
Arab News: Marriott International reveals that the majority of its leisure guests in Saudi Arabia are local. Read here
Social
Arab News : Beast House sets off on a unique music mission in Saudi Arabia. Read here
Arab News: Saudi Arabia, UNEP launch World Environment Day campaigns. Read here
Arab News: Saudi jewellery designer dazzles at Saudi Cup. Read here
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