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GDP
Wall Street analysts see wider Saudi budget deficit in 2026
Government banks on revenue recovery and higher oil output, but banks see the budget deficit…
GDP expands 4.8% in 3Q 2025 amid oil boom
Oil recovery is offsetting a softening expansion in the non-oil GDP
World Bank ups our growth forecast in 2025
The bank expects the deficit to remain at 3.8% of GDP until 2027
Real GDP to grow 4.5% in 2026 -Moody’s
Fiscal deficit to narrow to 3.5-4% of GDP in 2026-2027
Inflation
AI may be engineering its own bust
Morgan Stanley predicts AI infrastructure investment needs will keep US inflation above the Federal Reserve’s…
Annual inflation holds steady at 2.2% in October
Housing, water, electricity, gas, and other fuels saw a 4.5% y-o-y increase during the month
Riyadh’s “metro premium” lifts residential prices by up to 78% -Knight Frank
Every 100m from the station cuts residential value by SAR 19 per sqm
Tight office market, rising rents, and strong logistics demand define Saudi real estate in 3Q 2025
Office space occupancy in Riyadh is sitting at 98%
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
Egypt’s Brassbell Hospitality Group sets foot in the Kingdom with Fanaya Hotel in Jeddah
Fanaya features 51 suites that combine local heritage with contemporary design, all built to international…
Tourise unveils USD 113 bn in portfolio investments, says Tourism Minister
The next Tourise Summit will be held in March 2027
Tourise Summit kicks off with bns in hotel launches, expansion plans
ALSO- PIF-owned Al Balad Development will invest SAR 3.6 bn to build and revamp hospitality…
Tourism employment up 4% y-o-y in 2Q 2025 to 997.4k workers
Hospitality facilities surged 58% y-o-y to 5.3k by the end of 2Q 2025
Insurance
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…
Adeer launches new Egyptian-Saudi EGP 70 bn real estate project with Paragon
The 500k sqm development will feature commercial, administrative, and hospitality components
Real estate
Saudi housing reform sets to unlock global capital, Bloomberg says
The Kingdom’s housing push is getting fresh ink from Bloomberg, which ran a deep dive…
The Big Reform
The flurry of intervention measures came to restore the balance between supply and demand
AlUla lands are open for business
Property owners can now buy and sell land, apply for building permits, and issue deeds…
Alramz to set up real estate fund with SNB + Mawani backs Jubail Commercial Port upgrade
The fund will lead a SAR 2.5 bn residential project in Riyadh
Fintech
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
FinTech startups lock in USD mns in funding
PLUS: Value Makers Studio invested in Ballurh, Arab Therapy
Hala bags USD 157 mn to fuel SME lending push
The round was led by TPG and Sanabil Investments
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