logo
Saudi Arabia records $80 billion in Q2 2025 revenues

Saudi Arabia records $80 billion in Q2 2025 revenues

Al Arabiya3 days ago
Saudi Arabia's total revenues reached $80.4 billion (301.6 billion riyals) in the second quarter of 2025, according to official figures.
Government expenditures for the same period amounted to $89.5 billion (336 billion riyals), resulting in a budget deficit of $9.1 billion (34 billion riyals).
Oil revenues for the quarter came in at $40.3 billion (151 billion riyals).
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Foreign direct investment nets SR1.9 billion in Saudi stock market for July
Foreign direct investment nets SR1.9 billion in Saudi stock market for July

Saudi Gazette

timean hour ago

  • Saudi Gazette

Foreign direct investment nets SR1.9 billion in Saudi stock market for July

Saudi Gazette report RIYADH — Saudi Exchange data showed that net purchases in the main equities market through foreign direct investment reached SR1.9 billion in July 2025. According to the exchange, individual investors recorded net purchases of about SR2.12 billion, while high-net-worth individual investors posted net purchases of SR1.1 billion. In contrast, investment funds registered net sales of SR3.3 billion, and Saudi companies reported net sales of SR1.6 billion. On the trading front, the main Saudi stock index dropped 87.17 points on Sunday, closing at 10,833.10, with a total trading value of SR3.3 billion. The number of shares traded stood at 272 million, with 62 companies seeing gains and 187 declining. The top gainers included Al-Andalus for Sports, Thimar, Nama Chemicals, SPIMACO, and Zamil Industrial, while the biggest losers were Luberef, Jabal Omar, Dar Al Arkan, Obeikan Glass, and Al Waha, with price swings ranging between +9.96% and -9.96%. Al Shams, Al-Andalus for Sports, Bawan, Americana, and Batic were the most active by volume, while the most active by value were Al-Andalus for Sports, Saudi Aramco, Luberef, Al Rajhi, and SABIC Agri-Nutrients. The parallel market index (Nomu) fell 169.14 points to close at 26,755.84, with trades worth SR18 million and more than 2 million shares exchanged.

Saudi Tourism Ministry Launches Digital Service to Boost Hospitality Capacity for Hajj 1447
Saudi Tourism Ministry Launches Digital Service to Boost Hospitality Capacity for Hajj 1447

Leaders

time3 hours ago

  • Leaders

Saudi Tourism Ministry Launches Digital Service to Boost Hospitality Capacity for Hajj 1447

Saudi Arabia's Ministry of Tourism has launched a new electronic service enabling hospitality facility operators in Makkah and Madinah to apply for increased bed capacity ahead of the upcoming Hajj season. The ministry stated that the launch of the service is an integral part of its ongoing efforts to enhance digital services and streamline procedures, according to the Saudi Press Agency. Therefore, it would foster operational efficiency and support the sector's readiness to deliver top-quality services to pilgrims. This initiative significantly aligns with the ministry's early preparations for the 1447 AH Hajj season and bolsters its pursuit to support licensed hospitality providers and elevate the quality of services delivered to pilgrims. The service also offers a streamlined and efficient digital solution, mirroring the ministry's dedication to leveraging its electronic capabilities to ensure the comfort of pilgrims and provide them with a smooth and spiritually fulfilling Hajj experience. The ministry noted that the service is available through the Tourism Activities Licenses Portal on its official website: . Related Topics: Saudi Hajj Minister Awarded Malaysia's 'Hijra Personality of the Year' SBA Achieves Media Excellence in 1446 Hajj 'Ask Me' Service Assists over 1.2 Million Pilgrims during Hajj Short link : Post Views: 16 Related Stories

Pakistan, China to collaborate on economic research, training programs under new agreement
Pakistan, China to collaborate on economic research, training programs under new agreement

Arab News

time4 hours ago

  • Arab News

Pakistan, China to collaborate on economic research, training programs under new agreement

ISLAMABAD: Pakistan's Planning Ministry and China's Development Research Center (DRC) have reached an agreement for joint research, training programs and expert exchanges in the field of economy, Pakistani state media reported on Sunday. The understanding was reached during a meeting between Pakistan's Planning Minister Ahsan Iqbal and President of China's Development Research Center and Center for International Knowledge on Development, Lu Hao, in Beijing on Sunday. Beijing has invested tens of billions of dollars in energy, infrastructure and other projects in Pakistan as part of the China-Pakistan Economic Corridor and has repeatedly rolled over sovereign loans to Pakistan in order to help Islamabad meet its external financing needs. In his meeting with top Chinese officials in Beijing, Iqbal expressed Islamabad's keen interest in learning from China's achievements in economy and other fields, the state-run Radio Pakistan broadcaster reported. 'China's scientific planning is a beacon of long-term and sustainable economic development,' Iqbal was quoted as saying by the broadcaster. 'Pakistan is keen to learn from China's achievements in economy and reforms.' The DRC, a key policy research and consulting institution directly under the Chinese central government, focuses on comprehensive, long-term and strategic issues, and plays a significant role in advising the government on policy formulation, particularly regarding China's economic and social development. In his meeting with the DRC president, the planning minister said that Pakistan wanted to promote trade and exports with China, according to Radio Pakistan. Lu expressed confidence in Pakistan's strategy to become an export-oriented economy. Besides economy, China and Pakistan have also been longtime defense partners. Islamabad this year said its Chinese-supplied jets had shot down six Indian aircraft, including three French-made Rafale fighters, in the four-day military standoff between Pakistan and India in May, drawing interest for analysts and governments alike. While India has admitted losses, but it has not specified the number of aircraft lost to Pakistan, with some observers seeing this as a symbol of Beijing's rising military might. Pakistan accounts for around 63 percent of China's arms exports, according to Stockholm International Peace Research Institute (SIPRI). In the recent fighting, Pakistan used the J10-C Vigorous Dragon and JF-17 Thunder planes, armed with air-to-air missiles. Islamabad's air defenses also used Chinese kit — including the HQ-9P long-range surface-to-air missile system — and deployed Chinese radar as well as armed and reconnaissance drones.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store