海角直播

海角直播鈥檚 real GDP grows 4.4%: GASTAT

海角直播鈥檚 real GDP grows 4.4%: GASTAT
According to flash estimates from the General Authority for Statistics, the Kingdom鈥檚 non-oil activities grew by 4.6 percent year on year in the fourth quarter, reflecting ongoing efforts to diversify the economy. shutterstock
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Updated 30 January 2025

海角直播鈥檚 real GDP grows 4.4%: GASTAT

海角直播鈥檚 real GDP grows 4.4%: GASTAT

RIYADH: 海角直播鈥檚 real gross domestic product saw an annual expansion聽of聽4.4 percent in the fourth quarter of 2024, marking its highest growth in two years, official data showed.

According to flash estimates from the General Authority for Statistics, the Kingdom鈥檚 non-oil activities grew by 4.6 percent year on year in the three months to the end of December, reflecting ongoing efforts to diversify the economy.

The report also noted that oil activities rose by 3.4 percent in the fourth quarter compared to the same period in 2023, while government activities expanded by 2.2 percent.

海角直播鈥檚 GDP growth aligns with the broader Middle East trend, where countries are steadily advancing economic diversification.

The UAE鈥檚 central bank projects 4 percent GDP growth in 2024, while Bahrain and Qatar reported year-on-year expansions of 2.1 percent and 2 percent, respectively, in the third quarter. Qatar鈥檚 full-year GDP grew by 1.7 percent, driven by a 1.9 percent rise in non-hydrocarbon activities.

Reflecting on the Saudi figures, GASTAT said: 鈥淭he results also showed that seasonally adjusted real GDP increased by 0.3 percent in the fourth quarter of 2024 compared to the third quarter of the same year.鈥澛

Strengthening the non-oil sector remains a key goal under the Kingdom鈥檚 Vision 2030 as efforts continue to reduce the聽dependence on oil revenues and drive sustainable economic growth.

Compared to the third quarter, non-oil activities in the Kingdom grew by 1.3 percent, while government activities rose by 0.3 percent. However, oil activities witnessed a quarterly decline of 1.5 percent.

For the full year 2024, 海角直播鈥檚 GDP expanded by 1.3 percent compared to 2023. This increase was primarily driven by a 4.3 percent rise in non-oil activities, underscoring the Kingdom鈥檚 focus on economic diversification.

Government activities recorded a 2.6 percent annual increase, while oil activities contracted by 4.5 percent due to OPEC+ output cuts, which have impacted production levels.

Earlier this month, the International Monetary Fund projected that 海角直播鈥檚 economy will grow by 3.3 percent in 2025 and 4.1 percent in 2026. These numbers reflect shifts in the global economic landscape, with oil production adjustments playing a key role in influencing near-term growth expectations.

A December report from Mastercard Economics also highlighted the robust expansion of 海角直播鈥檚 non-oil sector. The analysis forecast that the Kingdom鈥檚 GDP will grow by 3.7 percent year on year in 2025, largely driven by increased non-oil activities.

The Mastercard report added that economic diversification efforts will remain a priority in 2025, with the government leveraging its strong fiscal position to finance infrastructure development and new investment opportunities.


Closing Bell: Saudi main index slips to 10,433

Closing Bell: Saudi main index slips to 10,433
Updated 14 September 2025

Closing Bell: Saudi main index slips to 10,433

Closing Bell: Saudi main index slips to 10,433

RIYADH: 海角直播鈥檚 Tadawul All Share Index slipped on Sunday, losing 19.08 points, or 0.18 percent, to close at 10,433.98.

The total trading turnover of the benchmark index stood at SR2.76 billion ($738 million), with 85 stocks advancing and 171 declining.

The Kingdom鈥檚 parallel market Nomu also fell, shedding 113.37 points, or 0.45 percent, to close at 24,912.85, as 31 stocks advanced while 51 retreated.

The MSCI Tadawul Index edged down 0.83 points, or 0.06 percent, to 1,362.04.

Al Majed Oud Co. was the best-performing stock of the day, surging 9.97 percent to SR120.20. Other top gainers included Fawaz Abdulaziz Alhokair Co., up 3.67 percent to SR23.72, and 海角直播n Mining Co., which rose 2.85 percent to SR55.95.

On the other hand, Dar Al Majed Real Estate Co. posted the steepest loss, dropping 8.35 percent to SR11.64. Alandalus Property Co. fell 6.19 percent to SR18.48, while Tamkeen Human Resource Co. declined 4.40 percent to SR54.30.

On the announcements front, Saudi Azm for Communication and Information Technology Co. reported its annual financial results for the year ending June 30. According to a Tadawul filing, the company鈥檚 net profit rose 30.03 percent to SR39.2 million, driven by higher gross profit, stronger income from associates, increased other income, and lower zakat and tax expenses. This came despite higher operating and finance costs.

Revenue grew 16.32 percent to SR253.16 million, supported by new projects and stronger returns from ongoing operations. Shares of Saudi Azm closed at SR25.12, down 1.09 percent.

Saudi Fisheries Co. announced board approval to establish a limited liability company with 100 percent ownership and a capital of SR100,000. Its stock ended the session at SR92.50, up 0.38 percent.

Meanwhile, Tabuk Agricultural Development Co. disclosed it had signed a SR5 million contract with East Asia Agricultural Development and Investment Co. for onion crop production, sales, and marketing. The 10-month agreement is expected to positively impact the company鈥檚 2026 financial results. Shares of Tabuk closed at SR9.69, down 0.10 percent.


UAE hotels welcome over 16m guests in H1

UAE hotels welcome over 16m guests in H1
Updated 14 September 2025

UAE hotels welcome over 16m guests in H1

UAE hotels welcome over 16m guests in H1

RIYADH: The UAE鈥檚 hospitality sector continues to show robust growth, with hotel establishments welcoming more than 16.1 million guests in the first six months of 2025, marking a 5.5 percent increase compared to the same period last year, the Emirates News Agency, WAM, reported, citing Minister of Economy and Tourism Abdullah bin Touq Al-Marri.
Speaking at the third meeting of the Hospitality Advisory Council for 2025, Al-Marri highlighted the sector鈥檚 strong performance as a testament to its resilience and competitiveness. 
鈥淭hanks to the wise leadership鈥檚 directives, our hospitality sector continues to achieve increasing growth rates, reflecting its attractiveness at both regional and global levels,鈥 he said.
The council, which included representatives from both public and private sectors as well as directors of major national and international hotel chains, reviewed key performance indicators for the first half of the year and discussed initiatives to further develop the industry.
Data presented during the meeting showed that the total number of hotel nights reached 56 million, a 7.3 percent increase over H1 2024. The average length of stay was 3.5 nights, with 1,243 hotel establishments in the UAE offering more than 216,000 rooms.
Al-Marri emphasized that the sector鈥檚 success is the result of close public-private sector collaboration, which underpins the sustainability and competitiveness of the UAE鈥檚 tourism landscape.


海角直播 processes 524 chemical clearance requests in August 聽

海角直播 processes 524 chemical clearance requests in August 聽
Updated 14 September 2025

海角直播 processes 524 chemical clearance requests in August 聽

海角直播 processes 524 chemical clearance requests in August 聽

RIYADH: 海角直播鈥檚 Ministry of Industry and Mineral Resources processed 524 requests for chemical clearance services in August, underscoring the Kingdom鈥檚 efforts to boost industrial investment and streamline regulatory processes. 

The requests included 510 permits for importing unrestricted chemical materials and 14 applications for importing restricted substances, the ministry said on social media platform X, adding that 838 export permit requests were also submitted during the same period. 

The chemical clearance service is part of a broader strategy to enhance operational efficiency and facilitate access to critical raw materials, supporting the growth of 海角直播鈥檚 industrial sector. 

Mohammed Al-Kharaj, director general of industrial and mineral licenses at the ministry, said the chemical clearance service enables industrial investors to apply for import or export permits for chemical substances through the comprehensive industrial services platform. 

He explained that the service aims to streamline clearance procedures for chemical substances and provide a fully electronic process for industrial facilities, ensuring smooth and timely operations. 

Al-Kharaj stressed that the service enhances competitiveness in the chemical sector and contributes to strengthening its role in supporting the national economy. 

He added that chemical clearance services form part of the ministry鈥檚 digital transformation strategy, which focuses on improving operational efficiency and simplifying procedures for investors, thereby creating a more attractive investment environment in the Kingdom. 

According to the ministry, these measures reflect its commitment to enabling industrial facilities to access essential raw materials and chemical inputs in a timely manner. It said this plays a key role in supporting the growth and expansion of 海角直播鈥檚 industrial ecosystem. 

海角直播鈥檚 industrial sector has shown steady growth in recent months, driven particularly by the chemicals segment. The Kingdom鈥檚 industrial output in July rose significantly, with the chemicals sub-sector alone increasing by about 8.9 percent year over year. 

In 2024, manufacturing sectors expanded by 4.7 percent, with the output of chemicals and chemical products forming part of that growth, along with refined petroleum goods and coke. 

These improvements are occurring in the context of broader government policies like the standardized industrial incentives program, which aims to boost competitiveness, attract high-value investment, and position the Kingdom as a global hub for manufacturing and chemicals.  


Oman鈥檚 non-oil exports jump 9.1% in H1 despite falling trade surplus聽

Oman鈥檚 non-oil exports jump 9.1% in H1 despite falling trade surplus聽
Updated 14 September 2025

Oman鈥檚 non-oil exports jump 9.1% in H1 despite falling trade surplus聽

Oman鈥檚 non-oil exports jump 9.1% in H1 despite falling trade surplus聽

JEDDAH: Oman's non-oil exports rose 9.1 percent in the first half of 2025, climbing to 3.26 billion rials ($8.48 billion), as the Sultanate鈥檚 diversification efforts gained traction despite a sharp decline in its trade surplus, preliminary data showed. 

The country鈥檚 trade surplus dropped 34.3 percent to 3.09 billion rials by the end of June, down from 4.70 billion rials in the same period last year. The decrease was largely attributed to a 16.1 percent fall in oil and gas exports, which amounted to 7.42 billion rials, compared with 8.85 billion rials in the first half of 2024, according to the National Centre for Statistics and Information. 

Oman鈥檚 Vision 2040 strategy is driving structural reforms aimed at reducing the economy鈥檚 reliance on hydrocarbons and fostering private sector growth. The government has promoted investments and eased regulations to strengthen non-oil sectors, including logistics, manufacturing, and services. 

鈥淭otal merchandise exports fell 9.5 percent to 11.499 billion rials, while re-exports decreased 5.9 percent to 815 million rials. Non-oil merchandise exports grew to 3.26 billion rials, up from 2.989 billion rials in the same period last year,鈥 the Oman News Agency reported, citing the NCSI. 

It added: 鈥淭he data showed that the total value of merchandise imports into the Sultanate of Oman rose 5.1 percent to 8.411 billion rials by the end of June 2025, compared with 8.004 billion rials in the same period of 2024.鈥 

The UAE led Oman鈥檚 non-oil trade, with exports reaching 593 million rials, a 29.8 percent increase from the first half of 2024. The UAE also ranked first in receiving Omani re-exports, valued at 348 million rials, and was the top source of Oman鈥檚 imports at 1.98 billion rials. 

海角直播 followed as the second-largest destination for Oman鈥檚 non-oil exports at 538 million rials, with India third at 335 million rials.  

In re-exports, Iran came second at 129 million rials and 海角直播 third at 57 million rials. China and Kuwait were the second and third-largest sources of imports at 854 million rials and 795 million rials, respectively. 

In late 2024, oil and gas exports surged 22 percent year on year to 12.40 billion rials, supported by a 7.6 percent rise in crude oil and a 151.6 percent jump in refined oil exports, offsetting a 7 percent drop in liquefied natural gas, according to an NCSI report. 

Meanwhile, total merchandise exports grew 10 percent to 18.24 billion rials, and imports climbed 10.9 percent to 12.17 billion rials. However, non-oil exports contracted 14.1 percent to 4.53 billion rials, dragged down by a 27.3 percent decline in mineral products, even as plastics and rubber shipments rose 6.9 percent. 

Re-exports expanded 18.1 percent to 1.3 billion rials, supported by transport equipment, food, and mineral goods. 


Riyadh leads 海角直播鈥檚 industrial rental growth with 9.3% jump in Q2聽

Riyadh leads 海角直播鈥檚 industrial rental growth with 9.3% jump in Q2聽
Updated 14 September 2025

Riyadh leads 海角直播鈥檚 industrial rental growth with 9.3% jump in Q2聽

Riyadh leads 海角直播鈥檚 industrial rental growth with 9.3% jump in Q2聽

RIYADH: Riyadh鈥檚 industrial and logistics sector recorded an annual rental growth of 9.3 percent in the second quarter of 2025, reinforcing the Saudi capital鈥檚 role as a regional industrial hub, according to a JLL report.  

The analysis by the real estate advisory firm showed that annual rental growth rates in Riyadh ranged from 4.7 percent to 25 percent across warehouses in all industrial submarkets, reflecting broad-based demand fundamentals as the city benefits from ongoing economic diversification initiatives. 

Strengthening the industrial sector is one of the key pillars of 海角直播鈥檚 Vision 2030 agenda, with the Kingdom steadily reducing its reliance on crude oil revenues. 

The growth in rental rates across the industrial and logistics segment also underscores the expansion of 海角直播鈥檚 real estate market, as the Kingdom strengthens its position as a business hub in the region.  

The Kingdom鈥檚 Real Estate General Authority forecasts the property market will reach $101.62 billion by 2029, with a compound annual growth rate of 8 percent from 2024. 

Taimur Khan, head of research at JLL Middle East and Africa, said: 鈥淭he overall healthy rental growth across 海角直播鈥檚 industrial markets reflects the impact of ongoing industrial development and logistics infrastructure improvements, driven by Vision 2030鈥檚 ambitious agenda.鈥   

He added: 鈥淲ell-positioned submarkets, located along major transportation corridors, are primed for stronger performance in the months ahead. As industrial occupiers continue to focus on modern facilities and strategic locations, this will further shape the market鈥檚 trajectory and drive demand, supporting the Kingdom鈥檚 economic transformation goals.鈥  

Industrial Gate City in Riyadh retained its premium position with rental rates amounting to SR300 ($79.97) per sq. meter per annum, followed closely by Tharawat Logistics at SR285 per sq. meter per annum.  

Taybah emerged as the city鈥檚 standout performer with a 25 percent annual rental increase, while Al Fawzan Industrial City recorded a 17.8 percent rise. 

In Jeddah, the industrial markets posted a healthy 4.5 percent rental growth in the second quarter. Jeddah Islamic Port maintained its status as 海角直播鈥檚 most premium industrial location, commanding SR450 per sq. meter per annum with a 7.1 percent annual increase. 

鈥淩ental levels in this (Jeddah Islamic Port) top-tier location significantly outpaced both Riyadh and Dammam, reinforcing its strategic value for trade-dependent operations. Despite rental increases in the majority of Jeddah鈥檚 submarkets, growth rates were more moderate than in the Saudi capital,鈥 JLL said.  

The Dammam Metropolitan Area saw headline rents increase by 10.8 percent in the second quarter, although submarkets experienced a fragmented performance.  

Al Khalidiyah Shamaliyah posted the highest rates at SR235 per sq. meter per annum with 9.3 percent growth. Indus-Comm was an exceptional outlier, delivering the strongest rental growth at 32.4 percent. 

King Abdulaziz Road demonstrated strong momentum with 20 percent annual growth despite offering the most affordable rates at SR180 per sq. meter per annum. 

Al Taawun was the only submarket across all three major cities to record a rental decline, with a 6.3 percent annual drop.