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GASTAT Data: Saudi Arabia Real GDP Rise

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The result of the first three months of the fiscal year of one of the wealthiest countries in the Middle East has been shared, showing a slight growth in the real gross domestic product of the country. This official data belongs to Saudi Arabia where the real GDP has risen by 1.3 per cent compared to the previous quarter. It is an undeniable fact that the economy of Saudi Arabia is one of the largest economies in the Arab world and the Middle East and this data has again proved it.  Speaking of the rise in real GDP, the factors that influence it are oil and non-oil activities happening in the country. The General Authority for Statistics (GASTAT) is supporting the claims. As per GASTAT, the rise of 1.3 per cent in GDP was driven by oil and non-oil activities which rose by 2.4 per cent and 0.5 per cent during the period. However, the activities run by the government in the Kingdom witnessed a fall of 1 per cent in the first three months of this year as compared to the final quarter ...

Growth in Local and Foreign Investments: MODON Report 2023

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  Saudi Arabia has become the favorite spot among business investors to start their business. Many companies are investing their money in this Middle Eastern country and helping the nation strengthen its economy.Even a recent report shared by the Saudi Authority mentioned that Saudi has attracted huge investments in the country. Riyadh, the capital of Saudi Arabia emerged as an economic titan and is known to be the most prosperous city. The national GDP of Riyadh is $1,069 Billion which motivates the investors to do business. Even a recent report shared by the Saudi Authority mentioned that Saudi has attracted huge investments in the country.  Recently, the Saudi Authority released the annual report of 2023 for Industrial Cities and Technology Zones (MODON) in which the authority highlighted their significant accomplishments, initiatives, development endeavors and well-known projects focused on establishing sustainable development and luring the attention of both domestic and ...

Joint Statement: Saudi Arabia Backs India on Kashmir Issue

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  The conflict between India and Pakistan over the Kashmir dispute became an international issue. Due to that, this topic has been raised numerous times in international meetings. Pakistan considers Kashmir its core political dispute with India. This issue has also been taken to the United Nations, where India claimed that Pakistanis were living illegally in many parts of Jammu and Kashmir and considered those parts as their legal territory. Not only India but other countries as well raised the Kashmir issue at the UN, including Pakistan. Several countries are in support of India over the Kashmir issue, and in this list, one more country has been added.   During an official meeting with Pakistan, Saudi Arabia presented their views on the Kashmir issue and echoed the stand of India on it. According to multiple reports, Saudi Arabia has seemed to support the stand of India on Jammu and Kashmir. Mohammed bin Salman, the de facto ruler of Saudi Arabia, held an official meetin...