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The General Authority for Statistics highlighted that non-oil activities were the main contributor to real GDP growth, accounting for 2.6 percent, while oil activities contributed 2 percent.
Saudi Arabia’s Real GDP surges 5% in Q3 2025
Saudi Gazette reportRIYADH — Saudi Arabia’s Real GDP (gross domestic product) recorded a growth of five percent during the third quarter of 2025 compared to the same period last year. According to the report, released on Thursday by the General Authority for Statistics (GASTAT), this growth is attributed to increases in all major economic activities. It noted that oil activities posted a growth of 8.2 percent, while non-oil activities grew by 4.5 percent, and government activities by 1.8 percent. The GASTAT pointed out that the seasonally adjusted real GDP registered a growth of 1.4 percent compared to the second quarter of 2025, as oil activities grew by 3.1 percent, non-oil activities by 0.6 percent, and government activities by 0.7 percent. The authority highlighted that non-oil...
October 30, 2025

Saudi Arabia’s Real GDP surges 5% in Q3 2025

Saudi Arabia’s Grand Mufti Sheikh Saleh Al-Fawzan received members of the Council of Senior Scholars at his office in Riyadh on Thursday.
Senior scholars laud Grand Mufti’s efforts in disseminating Islamic knowledge
Saudi Gazette reportRIYADH — Saudi Arabia’s Grand Mufti Sheikh Saleh Al-Fawzan received members of the Council of Senior Scholars at his office in Riyadh on Thursday. The scholars congratulated Sheikh Al-Fawzan over his appointment as the Grand Mufti, chairman of the Council of Senior Scholars and head of the General Presidency for Scientific Research and Ifta. They hailed the Grand Mufti’s profound scholarship and his efforts in disseminating Islamic knowledge. Speaking on the occasion, the Grand Mufti said: “God Almighty has blessed us with this religion and with this secure country, the Kingdom of Saudi Arabia, which derives its approach from the Book of God and the Sunnah of His Messenger (peace be upon him). It is honored to serve the Two Holy Mosques and its rulers exert...
October 30, 2025

Senior scholars laud Grand Mufti’s efforts in disseminating Islamic knowledge

Head of Securities Investments Department at Public Investment Fund (PIF) Abdulmajeed Alhaqbani discussing the Saudi market growth in the 9th edition of the Future Investment Initiative (FII9) in Riyadh.
Saudi Arabia leads Arab Index for capital markets, says PIF’s Abdulmajeed Alhaqbani
Saudi Gazette reportRIYADH — Saudi Arabia ranks first in the Arab Index for capital markets, according to Abdulmajeed Alhaqbani, Head of the Securities Investments Department at the Public Investment Fund (PIF). Speaking during a panel at the 9th edition of the Future Investment Initiative (FII9) in Riyadh, Alhaqbani highlighted the Kingdom’s position as the region’s largest and most liquid market, underscoring its growing appeal to global investors and asset managers. “The two main factors are size and liquidity. It’s number one when it comes to market size and liquidity,” Alhaqbani said, citing the S&P Arab Index as a benchmark reference. He noted that Saudi Arabia accounts for over 239 companies out of 500-plus listed in the index, with a liquidity weight exceeding 60% and a...
October 30, 2025

Saudi Arabia leads Arab Index for capital markets, says PIF’s Abdulmajeed Alhaqbani

The performances will be held over two consecutive days, starting Thursday, November 13, at the King Fahd Cultural Center. (File photo)
Saudi Orchestra Masterpieces returns to Riyadh on November 13
Saudi Gazette reportRIYADH — Under the patronage of Prince Badr bin Abdullah bin Farhan, Minister of Culture and Chairman of the Music Commission, the Music Commission will present, for the second time, the Saudi Orchestra Masterpieces concert in Riyadh. The performances will be held over two consecutive days, starting Thursday, November 13, at the King Fahd Cultural Center. The Saudi Orchestra Masterpieces highlights the Music Commission’s ongoing efforts to strengthen the presence of Saudi music locally and enhance its global stature. It represents the continued creative journey of the Saudi National Orchestra and Choir, following a series of acclaimed international performances, and offers audiences in the Kingdom a chance to experience exceptional showcases celebrating Saudi...
October 30, 2025

Saudi Orchestra Masterpieces returns to Riyadh on November 13

Crown Prince and Prime Minister Mohammed bin Salman receives Chinese Vice President Han Zheng in Riyadh on Wednesday.
Saudi Crown Prince meets several leaders
Saudi Gazette reportRIYADH — Crown Prince and Prime Minister Mohammed bin Salman received Chinese Vice President Han Zheng and a number of other world leaders in Riyadh on Wednesday. They include Syrian President Ahmed Al-Sharaa, Prime Minister of Cuba Manuel Marrero Cruz, President Gustavo Pietro Orrego of Colombia and President Teodoro Obiang Nguema Mbasogo of Equatorial Guinea. The meetings were held on the sidelines of the ninth edition of the Future Investment Initiative Conference. During the meeting between the Crown Prince and Chinese Vice President Han Zheng at Al-Yamamah Palace, they reviewed bilateral relations between the two friendly countries, explored areas of joint cooperation, and discussed ways to further strengthen these ties. They also addressed the latest regional...
October 29, 2025

Saudi Crown Prince meets several leaders

Saudi Crown Prince and Prime Minister Mohammed bin Salman meets Syrian President Ahmed Al-Sharaa and Kosovo President Vjosa Osmani Sadriu in Riyadh. 
Syria recognizes Kosovo in landmark move brokered in Riyadh
Saudi Gazette reportRIYADH — Syria has officially recognized the Republic of Kosovo’s independence, marking a historic diplomatic breakthrough achieved during talks held in Riyadh with the support of Saudi Crown Prince and Prime Minister Mohammed bin Salman. In a statement issued on Wednesday, Kosovo welcomed the recognition by the Syrian Arab Republic and expressed gratitude to President Ahmed Al-Sharaa for his “leadership and support for the people of Kosovo.” “This is a decision of historic significance between the two states, based on mutual respect for the long struggle for freedom, mutual recognition of sovereignty, territorial integrity, and commitment to bilateral cooperation,” the statement said. Kosovo’s government also extended deep appreciation to Crown Prince...
October 29, 2025

Syria recognizes Kosovo in landmark move brokered in Riyadh

Public Investment Fund (PIF) Governor Yasir Al-Rumayyan speaking at the Future Investment Initiative (FII) in Riyadh.
PIF to unveil new strategy soon as Saudi investment engine enters next growth phase
Saudi Gazette reportRIYADH — Public Investment Fund (PIF) Governor Yasir Al-Rumayyan announced that the sovereign wealth fund will unveil its new strategy “very soon,” marking the next phase in Saudi Arabia’s investment transformation under Vision 2030. Speaking at the opening session of the Future Investment Initiative (FII) in Riyadh, Al-Rumayyan said the upcoming roadmap will define PIF’s direction from 2026 to 2030, focusing on building dynamic ecosystems that sustain the Kingdom’s long-term growth.Al-Rumayyan explained that the new strategy is in its final approval stages and will outline six main ecosystems — travel, tourism and entertainment; urban development and livability; advanced manufacturing and innovation; industry and logistics; clean energy and renewables;...
October 29, 2025

PIF to unveil new strategy soon as Saudi investment engine enters next growth phase

Talal Al-Marri, CEO of Expo 2030 Riyadh, speaking at the 9th Future Investment Initiative (FII) conference in Riyadh on Wednesday.
Saudi Arabia to invite 197 countries for Expo 2030 Riyadh, with an anticipated 42 million visitors
Saudi gazette reportRIYADH — Talal Al-Marri, CEO of Expo 2030 Riyadh, stated that Saudi Arabia intends to invite 197 countries to participate in Expo 2030. He anticipated around 42 million visitors for the global event. Speaking at the 9th Future Investment Initiative (FII) conference in Riyadh, Al-Marri said that the Expo 2030 Riyadh site will spread over approximately six million square meters. He said that various Expo 2030 facilities will be ready ahead of schedule. "Riyadh’s any mega-projects, such as Diriyah and Qiddiya, will also be ready." He indicated that work on the infrastructure for Expo Riyadh 2030 will begin before the end of this year. Al-Marri stated that the metro network will connect different parts of Riyadh to the Expo site to facilitate visitor movement. “Expo...
October 29, 2025

Saudi Arabia to invite 197 countries for Expo 2030 Riyadh, with an anticipated 42 million visitors

Saudi Minister of Investment Khalid Al-Falih attending a panel discussion during the Future Investment Initiative conference in Riyadh on Wednesday.
Al-Falih: Crown Prince directed to streamline procedures for multinational companies
Saudi gazette reportRIYADH — Saudi Minister of Investment Khalid Al-Falih stated that Crown Prince and Prime Minister Mohammed bin Salman has directed all government agencies to facilitate the necessary procedures and empower multinational companies. He revealed that Saudi Arabia has attracted more than 700 global companies to date to establish their regional headquarters in Riyadh, against the target of 500 by 2030. He made the remarks during a panel discussion at the Future Investment Initiative conference in Riyadh on Wednesday. The global event, held under the patronage of Custodian of the Two Holy Mosques King Salman, is attended by a large number of Saudi and international leaders, executives, officials and investors. Al-Falih highlighted the contribution of small and medium-sized...
October 29, 2025

Al-Falih: Crown Prince directed to streamline procedures for multinational companies

Syrian president also revealed that Syria has amended its investment laws to allow foreign investors to transfer their capital abroad freely.
Syrian president hails Saudi Arabia as ‘economic compass’
Saudi Gazette report RIYADH — Syrian President Ahmad Al-Sharaa praised Saudi Arabia’s growing economic influence, describing the Kingdom as “an economic compass and a destination for investors” under the leadership of Crown Prince Mohammed bin Salman. Speaking at the “New Horizon for Syria” session during the ninth edition of the Future Investment Initiative (FII9) in Riyadh on Wednesday — attended by the Crown Prince — Al-Sharaa said Syria remains a key pillar of regional stability, stressing that the country’s recovery is closely linked to economic development. “The world has already seen the risks of Syria’s collapse,” Al-Sharaa said. “We have now turned a new page and opened up to the world.” He noted that peace and security are inseparable from economic...
October 29, 2025

Syrian president hails Saudi Arabia as ‘economic compass’

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