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GDP
Saudi’s A+ rating stands firm on war buffers, says S&P
Strategic oil pipelines and storage buffers shield the economy from maritime disruptions
Saudi’s GDP growth to see lowest drag in the region -Oxford Economics
GCC GDP forecast has been slashed to 2.6% from 4.4%
GDP grows at 4.5% clip in 2025, beating expectations
The annual expansion was driven by oil activities, which jumped 5.6%
Economy set for fastest growth since 2022 this year, BMI says
The GCC is forecast to post real GDP growth of 4.8% in 2026
Inflation
BMI expects economic growth to fall by at least 0.2-0.3 percentage points if the war persists through April
Higher energy prices will hit energy-importing countries the most, and consumption will take a hit…
Business activity across the world is already reeling from the impacts of the war
That’s why economists are increasingly using one word to describe what’s happening: stagflation
Stagflation rewrites the hedge book as oil breaks old safe havens
Brent longs are at a six-year high, the USD is back in favor, and even…
Inflation cools to 1.7% in February
Housing and utilities continue to be the main upward driver of inflation
PMI
Non-oil private sector expands at a slower rate in November
The seasonally adjusted figure dropped to 58.5 in November, from 60.2 in October
Non-oil private sector growth hits nine-month peak in October
The seasonally adjusted figure rose to 60.2 in October, from 57.8 in September
Non-oil private sector growth reaches six-month high in September
The seasonally adjusted figure rose to 57.8 in September, up from 56.4 in August
Non-oil business activity posts strong expansion in August
The seasonally adjusted figure hit 56.4 during the month, slightly up from 56.3 in July
Growth projections
IMF upgrades Saudi 2025 growth forecast to 4.0%
The upward revision is boosted by an increase in crude output, coupled with a robust…
GDP expands in 2Q on robust non-oil growth
Non-oil activities saw the strongest growth, expanding 4.7% y-o-y
Saudi GDP growth to fall behind peers in the GCC, poll suggests
Saudi’s GDP growth is set to come in at 4.5% in 2025, up 0.4 percentage…
IMF joins World Bank in trimming (ever so slightly) Saudi’s growth outlook
The IMF raised its Saudi GDP growth forecasts in 2025 to 6.0%
Purchasing managers’ index
Non-oil business activity continues to expand, but loses momentum
While output expanded in July, the pace of growth was the slowest in three-and-a-half years
Saudi’s PMI dips in December for the first time since August
The new orders subindex climbed to 65.5 in December up from 63.4 the previous month
Non-oil economy posts record growth in November
Strong demand drove businesses to shore up their inventories and ramp up hiring
Saudi Arabia’s PMI hits a high in October
Selling prices have risen for the first time since June
Tourism
THIS MORNING: Egypt waives customs pre-registration to fast-track Gulf goods
The war is wiping USD 600 mn daily from Middle East tourism
Location and pilgrimage to prop Saudi amid regional tourism slump
Capital Economics rejects the narrative of a Saudi tourism write-off
UAE’s tourism’s USD 70 bn boom hit as Middle East conflict sparks cancellations
Holiday rental cancellation rates in Dubai and Abu Dhabi hit 43.8% overnight on 28 February
Saudi is gunning for holidaymakers over pilgrims in its tourism revamp
Luxury giga-projects anchor a strategy to attract repeat holidaymakers, but some market reforms are still…
Insurance
Growth + consolidation incoming for ins. sector
The strategy comes as the sector has long been dominated by health and motor coverage
3Q earnings keep rolling in
Bahri, Bupa Arabia, and AlRajhi Takaul saw their bottom lines widen in 3Q 2025, while…
Al Yamamah Steel’s Yanbu wind power factory goes live
ALSO- S&P Global reaffirmed Wataniya Ins.’s ratings at BBB+ and ksaAA+ on the Saudi National…
Salama, Enaya seal SAR 234.3 mn merger agreement amid Saudi ins. sector shakeout
The agreement values Enaya at a 9.5% premium to its last closing price before the…
Real estate
Real estate market to weather geopolitical headwinds -Knight Frank
USD 6.3 bn in private global capital will target the real estate market
Under the hood of the Kingdom’s shift to digital real estate deeds
Government platforms will grant digital tokens the same legal weight as physical deeds
Arabian Dyar, Al Rajhi Capital launch SAR 4.5 bn real estate fund
Alatawi says the fund could eventually deploy up to SAR 20 bn
Investors to set up USD 3 bn mixed-use district at King Salman Park
The project also saw over USD 3.8 bn in fresh commitments from undisclosed private sector…
Fintech
Fintech Muhlah closes SAR 28 mn seed round
The funding will support Muhlah in scaling its shariah-compliant financing
NowPay lands in KSA with USD 20 mn JV with Tas’heel
NowAccess is currently in its market-entry phase, focusing on Saudi-specific market requirements
Tamara is now licensed in the UAE
Plus: Starwood Capital to set up shop in DIFC
Saudi leads MENA VC with 173 transactions in 9M 2025 -Magnitt
MENA VC funding doubles, overtaking Southeast Asia
Islamic finance
SNB hires advisors for its potential FCY Sukuk issuance
The issuance will be made available for subscription to eligible investors locally and internationally
Retail investors can now buy pieces of sovereign sukuk
Good moring, wonderful people. We hope you had a great weekend and are looking forward…
Saudi Electricity Company redeems sukuks
The bonds were set to mature this week
BSF closes second issuance from USD 4 bn sukuk program
The offering was 4x oversubscribed