GCC banks set record with $21.5bn in Q2 lending profits

RIYADH: Saudi Arabia’s inflation is projected to drop to 1.7 percent in 2024, revised down from 2 percent, driven by robust non-oil sector growth and lower prices in key sectors, according to Jadwa Investment. 

The Riyadh-based investment management and advisory company attributed this revision to stable consumer price growth, with inflation increasing by only 1.6 percent in the first half of the year. 

Jadwa said that lower prices in clothing,…