Saudi Arabia projects a SAR 191 billion ($50.9 billion) budget deficit in 2027, equal to 3.6% of GDP, with spending estimated at SAR 1.39 trillion and revenues at SAR 1.20 trillion. The Kingdom also expects real GDP growth to rebound to 12.8% in 2027 after a projected 3.6% contraction in 2026.
PROPERTY
BNW Developments has established a Sydney presence, joining Arada and Sobha Realty among the growing number of UAE developers pursuing Australian buyers and development opportunities.
money
Citi expands its Token Services into the UAE and Japan, enabling 24/7 near-instant liquidity movement and cross-border payments. The UAE will support USD and EUR transactions, while Japan will support USD transactions.
Saudi-based fintech erad has raised $22 million from investors including MEVP and SVC to expand its SME financing business. The AI-powered lender says it has deployed more than SAR 500 million ($133 million) in financing, with approvals within 48 hours.
lifestyle
Kanebridge News - Investing In Your Best Life
