Latest news with #SR132
Saudi Gazette
15-03-2025
- Business
- Saudi Gazette
CEDA reviews role of reforms in diversification of economy and surge in non-oil revenues
Saudi Gazette report JEDDAH — The Council of Economic and Development Affairs (CEDA), which met via a video conference on Saturday, reviewed the role of reforms in the diversification of the economy and surge in non-oil revenues. This was during the discussion of the fourth-quarter report on the state budget performance for the fiscal year 2024, submitted by the Ministry of Finance. The report sheds light on financial performance during the fourth quarter of last year, including revenues, expenditures, and public debt indicators. It highlighted a 21 percent increase in non-oil revenues, reaching SR132 billion, compared to SR109 billion in 2023. The outcomes of the report affirmed the effectiveness of government efforts and reforms in diversifying the national economy and boosting non-oil activities, in line with the Saudi Vision 2030 objectives. It also highlighted the Kingdom's continued support for development and service projects, as well as its commitment to enhancing the regulations for social care and protection. The Council reviewed the quarterly economic report submitted by the Ministry of Economy and Planning, which addressed the key developments in the global economy and growth outlook projections. The report also included an in-depth analysis of the drivers and challenges affecting national economic growth across various sectors, along with proposed solutions. It also highlighted the economy's positive performance during the third and fourth quarters of 2024 and future forecasts issued by both local and international institutions. The council reviewed the outcomes of Saudi Arabia's participation in the 2025 World Economic Forum Annual Meeting in Davos, highlighting the country's international leading role as one of the world's largest economies, driven by its continuous progress in achieving the Saudi Vision 2030 goals. The council reviewed several presentations related to policies, studies, and administrative regulations, including the guiding principles for green investments, submitted by the Supreme National Investment Committee, as well as the organizational structure and guide for the Ministry of Media. The CEDA also reviewed a presentation by the General Authority for Statistics on indicators measuring import substitution levels, along with summaries of the monthly reports on the Consumer Price Index (CPI) and Wholesale Price Index (WPI). It examined the executive summary of the 2024 Monthly Foreign Trade Report and the core reports that formed the basis of these summaries. The council issued the necessary decisions and recommendations regarding these matters.
Saudi Gazette
19-02-2025
- Business
- Saudi Gazette
216 million POS transactions in Saudi Arabia in a week
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, 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, 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, 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, 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, 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, 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.
