Tue, 21-Oct-2025

Saudi 2022 inflation seen within a range of 1% to 2%

Saudi 2022 inflation

RIYADH: The annual rate of consumer inflation in Saudi Arabia has averaged 3.3 per cent in the year through November 2021, according to the data compiled by Arab News. However, several organisations expect it to be in the lower range of 1 per cent to 2 per cent next year. The 3.3 per cent rate is … Read more

Saudi Arabia needs oil prices at $70 to $75 for surplus

Saudi Arabia

RIYADH: Saudi Arabia’s planned 2022 budget surplus of SR90 billion ($24 billion) depends on oil prices staying at $70 to $75/barrel, Arab News quoted Jadwa, a Saudi investment bank, as saying. Brent oil was trading at $73.01/barrel at 3:53pm Saudi time on Wednesday. The Saudi Ministry of Finance announced this week it expects revenues valued … Read more