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SAUDI ARABIA EMARATES BAHRAIN KUWAIT OMAN QATAR

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Press Dossier

By Date

04/11/2024

	Saudi Arabia’s PIF to acquire 54% stake in MBC Group Saudi Arabia’s sovereign wealth fund is set to acquire a 54 percent stake in media giant MBC Group for SR7.46 billion ($1.99 billion).
	Saudi Arabia opens 9th round of ‘Sah’ savings products offering 4.89% return Saudi Arabia has launched the ninth round of its subscription-based savings product, Sah, for November, offering a competitive return of 4.89 percent.
	Number of hotel rooms in Saudi Arabia surges 107% in Q3 Saudi Arabia’s tourism sector experienced a 107 percent increase in hotel rooms year-on-year in the third quarter of the year, according to official data.
	Closing Bell: Saudi indices close in green at 12,048 Saudi Arabia’s Tadawul All Share Index started the week in green, gaining 26.15 points, or 0.22 percent, to close at 12,048.26.
	Saudi road maintenance time down 40% thanks to modern technology, transport minister says Saudi road maintenance time has been slashed by 40 percent thanks to modern technologies, according to the Kingdom’s Minister of Transport and Logistics Services.
	Sindalah showcases Saudi Arabia’s investment potential, says commentator Ali Shihabi Sindalah Island, NEOM’s new luxury tourism destination under construction on Saudi Arabia’s Red Sea coast, represents a critical milestone in the Kingdom’s economic transformation and proves many of its early doubters wrong, Saudi commentator Ali Shihabi has said.
	Saudi Arabia’s Qiddiya Investment Co. and Globant partner in immersive entertainment push Qiddiya Investment Co., wholly owned by Saudi Arabia’s Public Investment Fund, signed an agreement with tech firm Globant to turn Qiddiya City into an immersive hub.
	Saudi Arabia, Turkiye sign 10 cooperation agreements at business forum in Istanbul Saudi Arabia and Turkiye deepened commercial ties by signing 10 cooperation agreements at an event in Istanbul, advancing strategic initiatives across diverse sectors.

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