logo
216 million POS transactions in Saudi Arabia in a week

216 million POS transactions in Saudi Arabia in a week

Saudi Gazette19-02-2025

Saudi Gazette report
RIYADH — The number of point of sale transactions in Saudi Arabia during the week between February 9 and 15 amounted to 216,651,000, with a value of SR13,320,771,000, compared to SR13,732,155,000 during the same period last year. According to Saudi Central Bank's weekly bulletin on points of sale, the number of transactions in clothing and footwear reached 6,368,000, with a value of SR844,146,000, building materials reached 1,755,000, with a value of SR378,464,000, and education 145,000 with a value of SR132,592,000.The number of operations in electronic and electrical devices reached 1,160,000 with a value of SR164,048,000, gas stations 16,400,000 with a value of SR933,109,000, health sector 8,176,000 with a value of SR808,336,000, and furniture reached 1,405,000 with a value of SR347,996,000.While the number of operations in hotels was 711,000 with a value of SR359,803,000, public utilities 766,000, with a value of SR56,651,000, jewelry 213,000, with a value of SR297,396,000, and in various goods and services reached 22,498,000, with a value of SR1,609,308,000.The number of operations in entertainment and culture reached 2,826,000 worth SR267,474,000, restaurants and cafes 62,073,000 worth 1,936,425,000, food and beverages 49,564,000 worth SR1,977,627,000, communications 1,807,000 worth SR108,605,000, and transportation 2,846,000 worth SR695,193,000, while the number of other operations was 37,939,000 worth SR2,403,597,000.At the level of Saudi cities, the number of weekly point-of-sale transactions in Riyadh reached 69,483,000, with a value of SR4,739,420,000, in Makkah reached 8,715,000, with a value of SR556,390,000, while the number of point-of-sale transactions in Madinah reached 8,737,000, with a value of SR529,680,000.The number of POS transactions in Tabuk reached 4,577,000, worth SR242,955,000, in Hail reached 3,664,000, worth SR200,701,000, in Abha reached 3,014,000, worth SR149,975,000, in Buraidah reached 4,820,000, worth SR305,116,000.The number of POS transactions in Al-Khobar reached 4,584,000, worth SR376,708,000, in Dammam reached 9,006,000, worth SR659,977,000, the in Jeddah reached 26,252,000, worth SR1,916,028,000, in other cities reached 73,801,000, worth SR3,643,821,000.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

62 air carriers operate 3,314 Hajj flights from 238 destinations
62 air carriers operate 3,314 Hajj flights from 238 destinations

Saudi Gazette

time7 hours ago

  • Saudi Gazette

62 air carriers operate 3,314 Hajj flights from 238 destinations

Saudi Gazette report MAKKAH — Saleh Al-Zuwaid, spokesman for the Hajj Transport and Logistics System, said that a total of 62 air carriers operated as many as 3,314 Hajj flights carrying pilgrims from 238 destinations in 71 countries around the world. Addressing a press conference for Hajj season transportation and communications system spokespersons at Hajj Media Operations Center in Makkah on Monday, Al-Zuwaid noted that the reception of pilgrims was conducted with the highest level of operational efficiency, contributing to the smooth flow of pilgrims' arrival and movement. Regarding the Haramain High Speed ​​Rail, Al-Zuwaid stated that 4,700 trips were scheduled throughout the season with a capacity of up to two million passengers, an increase of 400,000 seats over last year. The number of trips between King Abdulaziz International Airport Station and Makkah has also been increased by 75percent compared to last year, reaching an average of approximately one trip per hour. He noted that 700,000 passengers had been transported on the Haramain High Speed ​​Rail by Sunday, stressing that it will continue to provide services to pilgrims to meet their expectations. Regarding the Mashaer Train, the spokesperson confirmed that more than 2000 trips are expected to operate this season to transport more than 2 million passengers in 7 days. Al-Zuwaid explained that the use of road cooling technology in the holy sites has expanded by 82 percent compared to last year. "This technology has proven effective in reducing road surface temperatures by 12 degrees Celsius, especially in areas surrounding the Namirah Mosque and the holy sites," he added. For his part, Saad Al-Shanbari, spokesperson for the Hajj Communications and Technology System, stated that 4G and 5G coverage in Makkah, Madinah, and the holy sites reached 99 percent, resulting in a significant increase in internet speed, reaching 264 megabits per second, a 10 percent increase over last year. "Internet speed in Makkah and Madinah alone this year reached 336 megabits per second, a 19 percent increase over last year," he said. Al-Shanbari noted that Wi-Fi access points in Makkah, the holy sites, and Madinah reached more than 10,000 during this year's Hajj, in partnership with telecommunications service providers. He also emphasized that the Communications and Space Technology Commission (CSTC) was able to utilize the latest innovations during this season, successfully implementing, in partnership with Aramco, an artificial intelligence (AI) crowd management experiment using HAI surveillance cameras.

Saudi Aramco completes $5 billion bond issuance
Saudi Aramco completes $5 billion bond issuance

Saudi Gazette

time7 hours ago

  • Saudi Gazette

Saudi Aramco completes $5 billion bond issuance

Saudi Gazette report DHAHRAN — Saudi Aramco has announced the completion of a $5 billion issuance of bonds across three tranches under its Global Medium Term Note Program. According to Aramco, the tranches include $1.5 billion in senior notes maturing in 2030 with a coupon rate of 4.750 percent, $1.25 billion in senior notes maturing in 2035 with a coupon rate of 5.375 percent, and $2.25 billion in senior notes maturing in 2055 with a coupon rate of 6.375 percent. The transaction was priced on May 27, 2025, and the notes were listed on the London Stock Exchange. Aramco's Executive Vice President of Finance and CFO Ziad Al-Murshed said that the strong demand for Aramco's new bond offering, as reflected in the diversified orderbook, is a testament to global investors' confidence in Aramco's financial resilience and robust balance sheet. "Pricing the offering with no new issuance premium across all tranches clearly reflects Aramco's unique long-term credit proposition. We remain committed to our disciplined approach towards capital management as we continue to execute our growth strategy," he said.

GASTAT: Saudi Arabia's imports rise to SR74 billion in March
GASTAT: Saudi Arabia's imports rise to SR74 billion in March

Saudi Gazette

time2 days ago

  • Saudi Gazette

GASTAT: Saudi Arabia's imports rise to SR74 billion in March

Saudi Gazette report RIYADH — Saudi Arabia's commodity imports rose slightly to SR74 billion in March 2025, a 0.1 percent increase compared to the same period in 2024. However, commodity imports increased by approximately SR 1.65 billion, a two percent increase, according to data released by the General Authority for Statistics (GASTAT). Machinery, mechanical equipment, electrical equipment, and their parts accounted for 26 percent of the Kingdom's total imports in March, with a value of SR19.3 billion. Vehicles, aircraft, ships, and transportation equipment accounted for approximately 15 percent. China accounted for 25 percent of Saudi Arabia's total imports in March 2025, with a value of SR 18.7 billion, followed by the United States with SR 5.8 billion, and the UAE with SR 4.4 billion. The top 10 countries from which imports accounted for about 65 percent of total imports, equivalent to SR48.1 billion. In its recently released monthly report, the GASTAT announced a 2.3 percent increase in the consumer price index (CPI) for April 2025 compared to the same month in 2024. The authority attributed this annual price increase to the rise in housing, water, electricity, gas, and other fuels, which recorded the highest increase of 6.8 percent. A 2.2 percent rise in food and beverage prices and a 3.5 percent rise in the prices of various personal goods and services contributed to this inflationary wave. Some major categories recorded an annual decline in prices, with furniture and home furnishings prices declining by 1.8 percent. Communications prices fell by 1.5 percent, clothing and footwear prices declined by 1.2 percent, and transportation by 1.0 percent. Health, recreation, and culture prices also saw slight declines of 0.2 percent and 0.7 percent respectively, reflecting relative stability in the costs of these services and products. In contrast, the tobacco sector recorded a slight increase of 0.1 percent.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store