Saudi economy is set to remain resilient, underpinned by strong oil-sector infrastructure and continued economic diversification, said a report. Revenues are projected to rise 1% in 2027 to SAR1.2 trillion ($314 billion), compared with the 2026 estimate, while government spending is likely to fall 3%.
Citi has announced the expansion of its token services into UAE and Japan, advancing the global bank's strategy to build a more connected, always-on financial ecosystem for corporate and financial institutional clients. This is the latest milestone in Citi Services’ broader digital assets strategy.
CrediMax, a leading payment solutions provider in Bahrain, has appointed Andrew Mark Hocking as its Chief Executive Officer.
GCC equity markets witnessed the biggest monthly decline in 10 months in September-2026 due continuing war in the Middle East as well as attacks on Saudi Arabian oil facilities that pushed crude oil prices to the highest level in almost four months.
DIB, the world’s leading Islamic financial group, has announced the appointment of Fadhel Abdulbaqi Al Ali as Chairman of its Board of Directors, effective September 30, 2026.
Saudi Arabia's real GDP is expected to contract 3.6% in 2026, largely because of a sharp decline in oil activity, even as the non-oil economy continues to expand, according to the Ministry of Finance's Pre-Budget Statement for 2027.
Saudi Arabia has achieved 93% of the targets set for its Vision 2030 programmes and strategies after a decade of reforms that have transformed the Kingdom’s economy and strengthened its resilience to external shocks, HRH Prince Mohammed bin Salman, the Crown Prince and Prime Minister, said on Wednesday.
Leading real estate project developer Diyar Al Muharraq has signed a strategic agreement with Kuwait Finance House – Bahrain (KFH) to offer financing options to prospective buyers of residential plots at the Al Nuzha development located in the Northern Islands within its mega integrated city.
Dar Global, the London-listed luxury international real estate developer, has recorded solid results for the first half, with a 66% jump in its revenue which rose to $258 million over $155.4 million last year mainly driven by the group’s projects across its diversified portfolio in the GCC, Europe and UK.
Singapore-based investment company Temasek has announced its plans to deepen engagement across the Middle East, where it sees significant long-term opportunities for itself and its portfolio companies.
