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SAUDI ARABIA BREAKING NEWS


Saudi Arabia’s Construction Cost Index Rises 0.7% in September, GASTAT Reports
📷SPA Riyadh, October 22 (Saudi Arabia Breaking News) – The General Authority for Statistics (GASTAT) released its Construction Cost Index (CCI) bulletin for September 2025, showing a 0.7% year-on-year increase in construction costs across Saudi Arabia, the authority announced on Wednesday. The rise was driven by a 0.8% increase in residential construction costs and a 0.6% increase in non-residential costs, reflecting continued activity in the Kingdom’s construction and real
6 days ago1 min read


Saudi National Bank Reports 20% Rise in Q3 Net Profit on Strong Operating Income
Riyadh, October 20 (Saudi Arabia Breaking News) – Saudi National Bank (SNB), the Kingdom’s largest lender by assets, reported a 20 percent increase in third-quarter net profit, supported by strong growth in operating income and lower operating expenses, according to a company statement released on Monday. The bank posted a net profit attributable to equity holders of SAR6.47 billion ($1.73 billion) for the quarter ended September 30, exceeding analysts’ expectations of SAR5.4
Oct 201 min read


Crown Prince Approves Renewal of Yousef Al-Benyan as Chairman of SME Bank Board
📷SPA Riyadh, October 19 (Saudi Arabia Breaking News) – His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister, and Chairman of the National Development Fund (NDF), has approved the renewal of the membership of Yousef bin Abdullah Al-Benyan as Chairman of the Board of Directors of the Small and Medium Enterprise Bank (SME Bank) for a three-year term starting from 3/6/1447 AH, the Saudi Press Agency (SPA) reported. On this occasion
Oct 191 min read


Saudi Arabia Showcases Mining Ambitions at ‘Saudi Day’ During London Metal Exchange Week 2025
📷SPA London, October 16 (Saudi Arabia Breaking News) – The Ministry of Industry and Mineral Resources (MIM) organized an event titled “Saudi Day at LME Week” as part of the London Metal Exchange (LME) Week 2025 , highlighting the Kingdom’s growing role as a global mining hub and its efforts to attract international investments across the entire minerals value chain, in line with Saudi Vision 2030 . In his opening remarks, Vice Minister for Mining Affairs Eng. Khalid Al-Mu
Oct 172 min read


Fitch Warns of Rising Fiscal Risks for Saudi Arabia Amid Oil Price Dip, Spending Commitments
Riyadh, October 3, 2025 (Saudi Arabia Breaking News) – Saudi Arabia’s path to fiscal consolidation faces risks due to lower oil prices...
Oct 31 min read


Aramco, Honeywell, and KAUST Sign Agreement to Develop Next-Generation Crude-to-Chemicals Technology
Riyadh, October 2, 2025 (Saudi Arabia Breaking News) – Saudi Aramco, Honeywell, and the King Abdullah University of Science and...
Oct 21 min read


Saudi Arabia issues 2026 Pre-Budget Statement projecting SAR1.3 trillion in spending
Riyadh, September 30, 2025 (Saudi Arabia Breaking News) – The Ministry of Finance published the Pre-Budget Statement for Fiscal Year...
Sep 302 min read


Saudi Arabia’s Non-Oil Trade Surplus With GCC Rises 119% in Q2 2025
Riyadh, September 19, 2025 (Saudi Arabia Breaking News) – Saudi Arabia’s non-oil trade surplus with Gulf Cooperation Council (GCC)...
Sep 181 min read


Saudi Arabia’s Money Supply Rises 8.4% Year-on-Year to SAR3.1 Trillion in July
Riyadh, September 15, 2025 (Saudi Arabia Breaking News) – Saudi Arabia’s domestic money supply recorded significant annual growth by the...
Sep 151 min read


Saudi Arabia’s GDP Grows 3.9% in Q2 2025, Driven by Non-Oil Sector Expansion
Riyadh, September 8, 2025 (Saudi Arabia Breaking News) – Saudi Arabia’s real gross domestic product (GDP) grew by 3.9% in the second...
Sep 81 min read


US Appeals Court Rules Most Trump Tariffs Illegal, Case Likely Headed to Supreme Court
Washington, August 31, 2025 (Saudi Arabia Breaking News) – A divided U.S. appeals court ruled on Friday that most of former President...
Aug 311 min read
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