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Press Dossier   By Date  02/04/2025
Middle East airlines witness 3.3% passenger demand growth in February: IATA
Airlines operating in the Middle East recorded a 3.3 percent year-on-year increase in passenger demand in February, with total flight capacity rising 1.3 percent during the same period, an industry report showed.
Saudi firms announce 2024 financial results amid Eid trading break
Multiple companies have released their financial results for 2024 despite the Saudi market remaining closed for trading due to the Eid Al-Fitr holiday, which lasts until April 2.
Saudi Arabia’s consumer spending to stay resilient, experts say
Consumer spending in Saudi Arabia is expected to stay robust this year, driven by a youthful population and digitalization, according to multiple experts.
Saudia launches direct flights to Bali
Saudia has launched a scheduled service to Bali with three weekly flights from Jeddah, marking the airline’s second regular destination in Indonesia after Jakarta.
Stocks slide; bonds, gold buoyed as tariffs stoke recession fears
Major global share markets fell sharply on Monday and gold surged to another new record after US President Donald Trump said tariffs would essentially cover all countries, stoking worries a global trade war could lead to a recession.
Saudi MSME lending hits $94bn driven by government-backed reforms
Credit facilities extended to micro, small, and medium enterprises in Saudi Arabia grew by 27.62 percent year on year in 2024, totaling SR351.7 billion ($93.8 billion), according to official data.
Saudi real estate sector playing key role in GDP growth: Minister
Saudi Arabia’s expanding real estate sector is contributing directly to the growth of the Kingdom’s gross domestic product, according to the minister of economy and planning.
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