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Press Dossier   By Date  02/03/2025
Riyadh leads Saudi real estate surge with 18% rise in office rents
The real estate market in Riyadh is experiencing significant growth, with average rents for office spaces rising 18 percent year on year in the fourth quarter of 2024, according to an analysis.
Saudi Arabia tops global trust rankings with 87% confidence in government
Saudi citizens have the highest level of government trust of any country in the world, scoring 87 percent globally in the 2025 Edelman Trust Barometer, surpassing last year’s 86 percent rating.
SABIC swings to $410m profit as operational gains offset weak sales
Chemical manufacturer Saudi Basic Industries Corp. posted a net profit of SR1.54 billion ($410.6 million) in 2024, rebounding from a SR2.77 billion loss the previous year, driven by improved operations and lower losses from discontinued operations.
Saudi electronics spending up 4% according to official POS data
Saudis spent SR170.6 million ($45.4 million) on electronic devices between Feb. 16 and 22, marking a 4 percent increase compared to the previous week.
Kingdom arrests 17,389 illegals in one week
Saudi authorities arrested 17,389 people in one week for breaching residency, work and border security regulations, the Saudi Press Agency reported on Saturday.
KSrelief signs $5.15m deal to aid Ukrainians
Saudi aid agency KSrelief has signed a $5.15 million cooperation agreement with the UN Population Fund to provide emergency protection for vulnerable groups in Ukraine.
Saudi Arabia expands humanitarian aid to Gaza with new KSrelief-ICRC agreement
The King Salman Humanitarian Aid and Relief Center signed a cooperation agreement with the International Committee of the Red Cross to bolster emergency response efforts for Gaza, the Saudi Press Agency reported on Saturday.
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