Saudi Arabia’s total revenues in the third quarter stood at $82.4 billion (SR309 billion), according to numbers released by the finance ministry on Monday. Oil revenues stood at 191 billion riyals while non-oil revenues at 118 billion riyals. The Kingdom’s total spending came to 339 billion riyals in the quarter while Saudi Arabia logged a budget deficit of 30 billion riyals, the finance ministry statement showed.
In other news, the fifth edition of the Riyadh Season attracted as many as four million visitors in less than a month since it began in October. The resounding success of Riyadh Season 2024 highlights the event’s strong appeal to both local and international audiences. The success of Riyadh Season is attributed to its diverse range of activities and entertainment zones, which cater to various tastes and demographics. The Venue, a newly launched area next to Kingdom Arena, is already a visitor favourite, offering top-tier events and attractions.
Economy, Budgets and Finance
Alarabiya News: Saudi Arabia posts a Q3 revenue of $82.4 billion. Read Here
Arab News: Saudi Arabia’s PMI rises to a 6-month high in October. Read Here
Arab News: Saudi real estate to see $48bn in deals at Cityscape Global 2024. Read Here
Government & Royal Family
Saudi Gazette: Saudi Arabia approves cooperation agreement with the US to use outer space for peaceful purposes. Read Here
Arab News: Saudi-Portuguese Business Council launches investment regulation initiative. Read Here
Commercial
Alarabiya News: Saudi oil giant Aramco posts third-quarter profits of $27.5 billion. Read Here
Arab News: Saudi Arabia awards 11 mining exploration permits under the accelerated program. Read Here
Arab News: Biban 24 concludes with $9bn in deals, boosting Saudi Arabia’s SME sector. Read Here
Social
Saudi Gazette: Riyadh Season 2024 draws 4 million visitors in under a month. Read Here
Gulf News: Saudi Arabia launches green tech programme. Read Here
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