ECB President Lagarde resigns after months of speculation
The former central bank governors of the Netherlands and Spain, Klaas Knot and Pablo Hernandez de Cos, are seen as frontrunners to replace Lagarde
Business
Saudi business sector revenues rise 2.3% to SR5.63 trillion in 2025
Saudi Arabia's business sector operating revenues increased by 2.3 percent to SR5.628 trillion in 2025, while employee compensation rose by 6 percent to SR624.1 billion, according to the General Authority for Statistics (GASTAT).
Business
Saudi Arabia’s services exports rise 6.9% to SR251.7 billion in 2025
Saudi Arabia's services exports increased by 6.9 percent to SR251.7 billion in 2025, supported by a 4.1 percent rise in travel services exports, according to the General Authority for Statistics (GASTAT).
Business
Saudi Arabia to raise minimum supported wage to SR6k a month by April 2028
Saudi Arabia plans to increase the minimum eligible wage under its Employment Support Program to SR5,000 ($1,333) in April 2027 and SR6,000 ($1,600) in April 2028. This initiative, announced by the Human Resources Development Fund (HRDF), aims to boost employment opportunities for Saudi nationals and encourage private-sector hiring, with the HRDF covering up to 50% of wages for eligible employees.