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Saudi News Update: Week 22


A businessman is staying up to date by reading the news on a tablet

This week the International Monetary Fund said domestic demand will remain the key driver of the Saudi Economy. With non-oil growth expecting to reach 3.5% in 2024.


In other news, Saudi crown prince met with the Ukrainian president in Jeddah. During the meeting relations between Saudi Arabia and Ukraine were reviewed.

 

Economy, Budgets and Finance

Arab News:  Non-oil shipments to India, and Singapore drive Saudi Arabia’s export growth. Read here


Al Arabiya: Saudi Arabia inflation remains at 1.6 pct in May. Read here


Arab News: Saudi Arabia urges all nations to work together to prioritize cybersecurity. Read here


Argaam: Domestic demand seen to remain key driver of Saudi economy: IMF. Read here


Government and Royal Family

Arab News: Saudi crown prince meets with Ukrainian president in Jeddah. Read here


Al Arabiya: Saudi Arabia’s King Salman congratulates Muslims on Eid al-Adha. Read here


Saudi Gazette: Saudi Arabia grants Approved Destination Status to China from July 1  Read here

Defence and Security

Gulf Business: Embraer sees Saudi Arabia, India, EU, US as strategic defence markets. Read here


Commercial

Saudi Gazette: Saudi Arabia’s move to allow non-Saudis to set up law firms. Read here


Saudi Gazette: Saudi Central Bank reports growth in financing and real estate refinancing companies. Read here


Arab News: Fintech Fortis targets Saudi Arabia’s SME sector. Read here


Social

Al Arabiya: Esports World Cup in Saudi Arabia with a $60 mln prize: All you need to know.  Read here


Saudi Gazette: Saudi Arabia introduces self-driving flying taxi at Holy Sites.  Read here


Saudi Gazette: Millionaires to flock to Saudi Arabia in 2024: Henley & Partners.  Read here

 

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