Tag: Saudi Arabia
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Gulf Markets Rally on June 10: Saudi Tadawul Rises 1.3% to 11,115, Dubai Gains 0.9%, Qatar Surges 1.9%
Gulf equity markets posted broad gains on June 10, 2026, with Saudi Arabia's Tadawul rising 1.3% to 11,115 on USD 2 billion in turnover, Dubai DFM gaining 0.9%, Abu Dhabi ADX up 0.8%, and Qatar's QE Index surging 1.9% as ACWA Power climbed 7.7%.
Saudi Arabia Q1 2026 GDP Grows 3%: Financial Services Surge 5.4% as Non-Oil Economy Leads Vision 2030 Momentum
Saudi Arabia's real GDP expanded 3% year-on-year in Q1 2026, with financial services registering the highest sector growth at 5.4% and manufacturing rising 4%, as Vision 2030's economic diversification continues to outperform expectations.
Middle East Hotel Pipeline Hits Record 177,000 Rooms as Saudi Giga-Projects Lead Global Development
The Middle East closed the first quarter of 2026 with a record hospitality development pipeline of 717 projects totalling 177,110 rooms — up 12 per cent year-on-year — led by Saudi Arabia's giga-project portfolio as UAE hotel demand softens amid regional tensions.
GCC Achieves World’s Lowest Solar Costs at $0.01 Per kWh as Region Eyes Green Hydrogen Leadership
GCC countries are achieving record-breaking solar electricity costs of between 1.04 and 1.32 US cents per kWh — the lowest in the world — driven by exceptional solar irradiation and government-backed investment, as the region positions itself as a future green hydrogen exporter.
Saudi Arabia’s Vision 2030 Enters Final Phase With $1.31 Trillion Economy and 123 Million Tourists
Saudi Arabia has launched the third and final phase of Vision 2030 with its GDP exceeding $1.31 trillion and non-oil activities accounting for 55 per cent of the economy, while tourism has surpassed its original 100 million visitor target three years ahead of schedule.
