The news, anew
Saudi Arabia's consumer spending surged 23.4% to SR16.51 billion ($4.4 billion) for the week ending October 3, primarily driven by a 142.8% increase in education-related expenditures due to the new academic year. Other sectors also saw growth, with food and beverage spending up 41% and transportation by 27.8%, while spending in hotels declined by 9.8%.
Business
The Saudi Ministry of Energy signed on Monday a memorandum of understanding with the International Energy Forum (IEF) to strengthen cooperation across the energy sector.
Business
Minister of Finance Mohammed Al-Jadaan is leading Saudi Arabia's delegation to the 2026 Annual Meetings of the International Monetary Fund (IMF) and World Bank Group (WBG), which began in Bangkok, Thailand, on Monday
Business
Saudi Minister of Energy and Minister of Industry and Mineral Resources Prince Abdulaziz bin Salman bin Abdulaziz signed in Riyadh on Monday four memoranda of understanding with ministers from Mongolia, Tanzania, Cyprus and Mauritius to strengthen cooperation across a range of energy fields. The MoUs were signed on the sidelines of the 25th WPC Energy Congress, hosted by Saudi Arabia through October 15 under the theme “Pathways to an Energy Future for All."
