Saudi Edition 
MENA+ Edition 
Egypt Edition 
UAE Edition 
AI + Innovation (MENA) 
Logistics (MENA) 
Expectations of only one rate cut this year rise as the Fed wraps two-day meeting today
The prediction preceded the Fed’s June meeting, set to end today
World Bank maintains Saudi’s economic growth forecast at 2.5% in 2024
Growth will pick up steam next year following “a gradual resumption of oil activity”
GDP shrinks 1.7% y-o-y in 1Q 2024
Non-oil activity grew 3.4% y-o-y in 1Q 2024
Saudi GDP shrinks, but at a slower pace than initially thought
PLUS: PIF-backed Jadwa Investment is launching its first regional blind-pool PE fund this year
Non-oil private sector activity grew even as demand momentum slows
New orders settled at 59.5 down from 61.0 in April
FDI inflows tick up in 4Q 2023
Investment volume is down so far in 2024
State budget closes FY 2023 in deficit
The Kingdom saw its total revenues rise 7.3% to reach SAR 1.2 trn
A brighter outlook
The non-oil economy is forecasted to grow at a 4.8% clip in 2024, up from 4.4% in 2023
Something went wrong. Please refresh the page and/or try again.