The International Monetary Fund (IMF) has revised its expectations for economic growth in Saudi Arabia, indicating a positive outlook for the Kingdom's economy.
This positive outlook confirms the growth and prosperity of the Saudi economy © Mena Today
The International Monetary Fund (IMF) has revised its expectations for economic growth in Saudi Arabia, indicating a positive outlook for the Kingdom's economy.
The IMF now predicts a growth rate of 5.5% in 2025, an increase from its previous estimate of 4.5% issued in October 2023.
These revisions were made based on the data published in the IMF's report “Updates on Global Economic Prospects” in January 2024, which highlighted the optimistic outlook for the Saudi economy's performance and strength despite the risks and challenges present in the global economic landscape.
This positive outlook confirms the growth and prosperity of the Saudi economy, which is being driven by strong leadership both regionally and internationally.
The report also expects the global economy to achieve a growth rate of 3.1% in 2024 and 3.2% in 2025.
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The Arab Energy Fund (TAEF) has listed a USD 500 million Sukuk on Nasdaq Dubai, attracting orders exceeding USD 900 million and achieving 2x oversubscription, a strong vote of confidence from global investors in the multilateral institution's credit profile and energy sector mandate.
A correspondent for Saudi Arabia's Al Arabiya television in Yemen was killed when a bomb planted on his car exploded, the network said on Thursday.
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