Topic

Saudi Arabia Economy

Saudi Arabia's budget deficit at $33.5 billion in Q1 2026, ministry says

Published 05 May, 2026 07:32pm

Total government spending reached 386.7 billion riyals in the quarter, outpacing revenues of 261.0 billion riyals

Saudi Arabia cuts July oil prices to Asia to 4-year low after OPEC+ supply boost

Published 04 Jun, 2025 08:51pm

Saudi Arabia, the world’s biggest oil exporter, cut its prices for Asian crude buyers close to the lowest level in...

Saudi Arabia’s non-oil private sector growth accelerates in May, PMI shows

Published 03 Jun, 2025 11:43am

ABU DHABI: The expansion in Saudi Arabia’s non-oil private sector activity quickened in May, driven by accelerated...

Saudi Arabia issues tender to buy 655,000 metric tons of wheat

Published 15 May, 2025 03:15pm

Saudi Arabia has issued a tender to buy 655,000 metric tons of wheat for the August to October 2025 shipment period,...

Saudi Arabia’s PIF strikes multi-billion investment deals with US asset managers

Published 14 May, 2025 07:40pm

DUBAI: Saudi Arabia’s sovereign wealth fund Public Investment Fund on Wednesday announced it has struck...

Trump meets Syrian president, says he is looking into normalising ties

Updated 14 May, 2025 11:04pm

RIYADH: US President Donald Trump met with Syria’s president in Saudi Arabia on Wednesday, after a surprise US...

Deals take centre stage in Trump’s Gulf visit

Published 13 May, 2025 08:38pm

RIYADH/DUBAI: US President Donald Trump secured a $600 billion commitment from Saudi Arabia on Tuesday to invest in...

Saudi Arabia partners with Nvidia to spur AI goals as Trump visits

Published 13 May, 2025 08:08pm

US chip giant Nvidia and Saudi Arabia announced partnerships on Tuesday as part of the kingdom’s plans to develop...

Saudi Arabia to invest $600bn, says White House as US, KSA sign $142bn defence deal

Updated 13 May, 2025 10:55pm

US president Trump will go on from Riyadh to Qatar on Wednesday and UAE on Thursday

Saudi Arabia reports deficit of $15.65 billion in Q1 2025, finance ministry says

Published 05 May, 2025 06:10pm

Saudi Arabia reported a fiscal deficit of 58.701 billion riyals ($15.65 billion) in the first quarter of 2025, as...

Trump’s next 100 days to feature trade deals, peace talks, ‘torpedoes,’ officials say

Published 27 Apr, 2025 10:49am

WASHINGTON: President Donald Trump and his administration this week will highlight the accomplishments of his first...

Saudi Arabia reports record non-oil exports of $137bn in 2024

Published 27 Apr, 2025 05:46am

RIYADH: Saudi Arabia’s non-oil exports reached an all-time high of 515 billion riyals ($137.29 billion) in 2024,...

Aurangzeb joins global leaders at IMF-Saudi co-hosted conference on emerging economies

Updated 16 Feb, 2025 10:08pm

The AlUla Conference for Emerging Market Economies, jointly organized by the International Monetary Fund (IMF) and...

Saudi Arabia posts deficit of $15.38bn in Q4, 2024

Published 13 Feb, 2025 07:08pm

DUBAI: Saudi Arabia posted a deficit of 57.7 billion riyals ($15.38 billion) in the fourth quarter of 2024 compared...

Saudi Arabia’s inflation reaches 2% in November

Published 15 Dec, 2024 12:41pm

RIYADH: Saudi Arabia’s annual inflation rate continued to slowly accelerate, hitting 2% in November compared to 1.9%...

Saudi Arabia’s GDP grows by 2.8% in third quarter

Published 08 Dec, 2024 12:27pm

Saudi Arabia’s economy grew 2.8% in the third quarter from the same period a year earlier, supported by an increase...

Saudi Arabia abandons pursuit of US defence treaty over Israel stalemate

Published 29 Nov, 2024 08:21pm

RIYADH: Saudi Arabia has abandoned its pursuit of an ambitious defence treaty with Washington in return for...

Saudi Arabia agrees metals deals worth over $9 billion

Published 26 Nov, 2024 07:36pm

RIYADH: Saudi Arabia on Tuesday agreed nine investment deals in metals and mining worth more than 35 billion riyals...

Saudi Arabia approves 2025 budget with total deficit of $26.9bn

Published 26 Nov, 2024 07:28pm

RIYADH: Saudi Crown Prince Mohammed bin Salman on Tuesday approved the country’s budget for 2025, state media...

Reimagining KSA: tradition, technology, and global leadership

Updated 12 Nov, 2024 07:27am

The Kingdom of Saudi Arabia (KSA), traditionally known for its deep Islamic roots, conservative social norms, and...

Saudi Arabia’s PIF, Hong Kong’s HKMA looking to anchor $1bn investment fund

Published 31 Oct, 2024 06:20pm

DUBAI: Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF), and the Hong Kong Monetary Authority...

Saudi minister says reforms ‘on track’ despite ‘challenges’

Published 30 Oct, 2024 02:43pm

RIYADH: Saudi Arabia’s finance minister said Wednesday that the Gulf kingdom’s sweeping plans to wean its economy...

Global financiers head to Riyadh investment bash in shadow of war

Published 24 Oct, 2024 08:32pm

DUBAI: Global financiers are poised to flock to Saudi Arabia’s annual flagship investment conference next week as a...

IMF lowers Saudi Arabia’s 2024 growth forecast to 1.5%

Published 22 Oct, 2024 07:06pm

ABU DHABI: The International Monetary Fund further lowered its GDP growth forecast for Saudi Arabia for 2024 to 1.5%...

Oil-rich Saudi projects budget deficit through 2027

Published 02 Oct, 2024 06:19am

RIYADH: The Arab world’s biggest economy Saudi Arabia announced Monday it anticipates a budget deficit of 2.3...

Saudis agree $3.2bn deal to buy South Korean missile defence system

Published 06 Feb, 2024 05:32pm

SEOUL: South Korean defence firm LIG Nex1 has won a $3.2 billion deal to export a mid-range surface-to-air missile...

Saudi Arabia budget records surplus of $4.27bn in 2023

Published 05 Feb, 2024 06:17pm

DUBAI: The Saudi Arabia 2023 budget recorded a surplus of 16 billion riyals ($4.27 billion) compared to the...

South Korea, Saudi Arabia sign agreement on defence cooperation

Published 05 Feb, 2024 12:07pm

SEOUL: South Korea and Saudi Arabia on Sunday signed a memorandum of understanding to expand defence cooperation,...

IMF cuts Saudi Arabia’s 2024 GDP forecast amid lower oil production

Published 30 Jan, 2024 06:29pm

DUBAI: The International Monetary Fund lowered its 2024 forecast for economic growth in Saudi Arabia to 2.7% on...

Saudi Arabia still considering BRICS membership

Published 18 Jan, 2024 09:04pm

DAVOS: Saudi Arabia is still considering an invitation to become a member of the BRICS bloc of countries after being...

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Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 22	278.42
USD PKR Interbank Buying / Jun 22	278.22
USD to Japanese Yen / Jun 23	161.62
USD to Swiss Franc / Jun 23	0.81
Pound Sterling to USD / Jun 23	1.32
Euro to USD / Jun 23	1.14
SOFR % / Jun 22	3.63

Stock	Volume
S&P 500 / Jun 22	7,472.79
Nasdaq / Jun 22	26,166.60
Dow Jones / Jun 22	51,712.71
India Sensex / Jun 23	77,126.37
Tokyo Nikkei / Jun 23	71,682.16
Hang Seng / Jun 23	23,705.66
FTSE 100 / Jun 23	10,371.04
Germany DAX 30 / Jun 23	24,854.19
France CAC40 / Jun 23	8,319.74

Item	Value
Karachi Cotton PKR/37.32 KG / Jun 22	18,780
Gold 10 Grams PKR / Jun 22	378,345
Crude Oil USD/Barrel / Jun 23	73.59
Gold Spot USD/Ounce / Jun 23	4,122.19
Cotton US¢/pound / Jun 23	78.19
Petrol/Litre / Jun 24	299.50
Diesel/Litre / Jun 24	311.47

Gainers
Losers
Leaders

Stock	Price
Ghani Chemworld Limited (R) / Jun 23 Ghani Chemworld Limited Right(GCWLR)	7.01 ▲ 1 (16.64%)
Buxly Paints / Jun 23 Buxly Paints Limited(BUXL)	228.84 ▲ 20.8 (10%)
Dewan Farooque Sp. / Jun 23 Dewan Farooque Spinning Mills Limited(DFSM)	19.69 ▲ 1.79 (10%)
First Fid. Leasing / Jun 23 First Fidelity Leasing Modaraba(FFLM)	24.75 ▲ 2.25 (10%)
J.A.Textile / Jun 23 J.A. Textile Mills Limited(JATM)	30.47 ▲ 2.77 (10%)
Kohat Textile / Jun 23 Kohat Textile Mills Limited(KOHTM)	193.45 ▲ 17.59 (10%)
Mitchells Fruit / Jun 23 Mitchells Fruit Farms Limited(MFFL)	188.94 ▲ 17.18 (10%)
S.G.Power / Jun 23 S.G. Power Limited(SGPL)	73.59 ▲ 6.69 (10%)
Shadab Textile / Jun 23 Shadab Textile Mills Limited(SHDT)	61.83 ▲ 5.62 (10%)
Fateh Sports / Jun 23 Fateh Sports Wear Limited(FSWL)	101.17 ▲ 9.2 (10%)

Stock	Price
Agritech Non-voting / Jun 23 Agritech Non-Voting Preference(AGLNCPS)	36.02 ▼ -3.98 (-9.95%)
Azgard Nine (Non-Voti) / Jun 23 Azgard Nine (Non-Voti)(ANLNV)	7.20 ▼ -0.73 (-9.21%)
First Tri-Star Mod. / Jun 23 First Tri-Star Modaraba(FTSM)	30.74 ▼ -2.93 (-8.7%)
Aisha Steel (CPS) / Jun 23 Aisha Steel Mills Limited (CPS)(ASLCPS)	62.01 ▼ -5.79 (-8.54%)
Oilboy Energy / Jun 23 Oilboy Energy Limited(OBOY)	20.35 ▼ -1.62 (-7.37%)
Quice Food / Jun 23 Quice Food Industries Limited(QUICE)	34.78 ▼ -2.68 (-7.15%)
Aisha Steel(ConPS) / Jun 23 Aisha Steel(ConPS)(ASLPS)	24.12 ▼ -1.78 (-6.87%)
Shahtaj Textile / Jun 23 Shahtaj Textile Limited(STJT)	138.11 ▼ -10.14 (-6.84%)
Din Tex. / Jun 23 Din Textile Mills Limited(DINT)	80.89 ▼ -5.92 (-6.82%)
East West Ins. / Jun 23 East West Insurance Company Limited(EWIC)	45.50 ▼ -3.04 (-6.26%)

Stock	Volume
K-Electric Ltd. / Jun 23 K-Electric Limited(KEL)	63,830,312 ▲ 0.19
Sui South Gas / Jun 23 Sui Southern Gas Company Limited(SSGC)	24,022,374 ▲ 0.74
TPL Corp Ltd / Jun 23 TPL Corp Limited(TPL)	14,735,648 ▼ -0.31
Oilboy Energy / Jun 23 Oilboy Energy Limited(OBOY)	13,519,059 ▼ -1.62
TPL Properties / Jun 23 TPL Properties Limited(TPLP)	13,417,706 ▼ -0.1
Pak Qatar Family / Jun 23 Pak Qatar Family Takaful Limited(PAKQATAR)	9,811,063 ▲ 1.3
Ghani Chem. Ind. / Jun 23 Ghani Chemical Industries Limited(GCIL)	9,150,941 ▼ -0.14
Sitara Petroleum Service / Jun 23 Sitara Petroleum Service Limited(SPSL)	8,993,307 ▲ 0.33
WorldCall Telecom / Jun 23 Worldcall Telecom Limited(WTL)	8,346,419 ▲ 0.01
Sui North Gas / Jun 23 Sui Northern Gas Pipelines Limited(SNGP)	7,817,249 ▲ 2.38

Saudi Arabia Economy

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