Global debt down to $296tr in Q3, 2021

The economic recovery helped reduce the ratio of the global debt to GDP to 350 percent in the third quarter. (Shutterstock)
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Updated 18 November 2021
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Global debt down to $296tr in Q3, 2021

  • This decline was mainly driven by the mature markets

RIYADH: Global debt declined to $296 trillion in the third quarter of 2021 after reaching its highest level in the previous three months, Bloomberg reported citing IIF data show.

The economic recovery helped reduce the ratio of the global debt to GDP to 350 percent in the third quarter. 

This decline was mainly driven by the mature markets, most significantly in the euro area and Japan, the IIF said.

Total debt in emerging markets rose to a record $92.5 trillion in the third quarter of the year, despite low borrowing costs and smaller budget deficits.


Stc partners with Qiddiya as Six Flags official connectivity provider

Updated 22 December 2025
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Stc partners with Qiddiya as Six Flags official connectivity provider

RIYADH: Saudi stc Group has announced its partnership with Qiddiya as the official connectivity partner for the Six Flags theme park, providing telecom services, smart city solutions, and an integrated digital infrastructure in line with global standards, coinciding with the park’s official opening.

Under the partnership, stc will deliver an advanced digital ecosystem to enhance visitors’ experiences at Qiddiya, offering high-performance connectivity and smart technologies to facilitate entry and manage visitor flow within the park, ensuring a seamless and safe experience.

The collaboration reflects stc’s commitment to providing advanced digital infrastructure that supports Qiddiya’s ambitions and elevates the visitor experience.

By leveraging smart connectivity, smart city technologies, and innovative payment solutions, stc aims to deliver an integrated and streamlined experience across the destination.

The initiative also highlights stc’s role in supporting the tourism and entertainment sectors with world-class digital infrastructure that aligns with Saudi Arabia’s vision and future goals.