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2026-07-29T18:20:05.870Z

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Startup secures $145M for AI chip data transfer

الاقتصاديةالاقتصاديةالاقتصادية
15 Hrs2026-07-29T20:05:00.000Z
Startup secures $145M for AI chip data transfer

Fed maintains interest rate at 3.5–3.75%

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17 Hrs2026-07-29T18:30:00.000Z
Fed maintains interest rate at 3.5–3.75%

AlUla's services 93% automated

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22 Hrs2026-07-29T13:26:44.318Z
AlUla's services 93% automated

BMW plans to cut 8,000 jobs

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22 Hrs2026-07-29T13:24:00.000Z
BMW plans to cut 8,000 jobs

Halwani Brothers' Q2 Profit Rise

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22 Hrs2026-07-29T13:13:15.471Z
Halwani Brothers' Q2 Profit Rise
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IMF: Saudi economy remains resilient

IMF: Saudi economy remains resilient

The International Monetary Fund's report confirmed that the Saudi economy remains resilient in the face of recent geopolitical tensions, with an expected growth rate of 5.5% in 2026 driven by the recovery of both oil and non-oil sectors, along with support for consumption and investment. The report also highlighted that reforms under Saudi Arabia's Vision 2030, sound economic policies, and flexible crisis management have contributed to the economy's robustness amid geopolitical events. Additionally, it is anticipated that the country could achieve a growth rate of up to 6% over the next decade, thanks to the widespread adoption of artificial intelligence, which is helping to diversify and develop the economy, expand private sector participation, and improve the labor market. The report noted a decline in sovereign risk and a strong financial position, with net foreign assets reaching $437 billion by the end of 2025, and liquidatable debt accounting for 20.5% of banking capital.

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