Saudi 2022 inflation seen within a range of 1% to 2%, given no change in VAT
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The annual rate of consumer inflation in Saudi Arabia has averaged 3.3 percent in the year through November 2021, according to data compiled by Arab News. However, several organizations expect it to be in the lower range of 1-2 percent next year. The 3.3 percent rate is exactly where the indicator was seen during the same period a year ago, so the yearly inflation rate for
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RIYADH: Member states of the Gulf Cooperation Council witnessed an improvement in their banking sector, as the total bank deposits increased by 3.3 percent in the first half of 2021, compared to the end of 2020. The GCC countries’ total bank deposits reached $1.6 trillion, according to a report released by the GCC Statistical Center. Saudi Arabia reported the largest share of
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