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GDP
Economy found its higher gear in 2025
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
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
Inflation
Inflation rate hits 11-month low in January
Food and beverages only rose 0.2% compared to 1.4% in December
Inflation stabilizes at 2.1% as housing, chemicals drive year-end heat
Persistent growth in rent prices is creating a higher floor for the cost of living
AI may be engineering its own bust
Morgan Stanley predicts AI infrastructure investment needs will keep US inflation above the Federal Reserve’s…
Inflation decelerated to 1.9% y-o-y in November as housing cools down
Housing, water, electricity, gas, and other fuels saw a 4.3% y-o-y increase during the month
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
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…
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…
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
Hassan Allam’s Grova Developments establishes footprint in Riyadh with SAR 3.3 bn project
The project will feature more than 3k units across 228k sqm in Riyadh.
The Kingdom is shifting toward Makkah amid scaling back of desert gigaprojects
Global financial giants like BlackRock and HSBC are entering a property market that now rivals…
Dammam is getting SAR 98 bn seaside urban development
The project covers a total of 32 mn sqm
Enaya shareholders reject the Salama tie-up, SFD expands its industrial footprint in Oman
Shareholders block the Enaya-Salama merger, marking another rejection for the insurer
Fintech
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
FinTech startups lock in USD mns in funding
PLUS: Value Makers Studio invested in Ballurh, Arab Therapy
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