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Press Dossier   By Date  05/11/2024
Saudi Arabia’s Q3 budget deficit decreases to $8bn
Saudi Arabia reported a budget deficit of SR30.23 billion ($8.06 billion) for the third quarter of 2024, a decrease of 15 percent compared to the same period last year, according to the Ministry of Finance.
SABIC sees turnaround as it reports $266.2bn Q3 profit
Petrochemical firm Saudi Basic Industries Corp. reported a net profit of SR1 billion ($266.27 million) for the third quarter of 2024, a marked improvement from a loss of SR2.87 billion in the same period last year.
Saudi Vision 2030 to catalyze banking sector growth: Moody’s
Saudi Arabia’s Vision 2030 program to diversify the economy could accelerate the country’s banking sector development in the coming years, according to an analysis by Moody’s.
Saudi airline flynas expands African reach with new routes to Uganda and Djibouti
Saudi budget airline flynas will add two new African destinations to its network starting in January 2025, aligning with its broader expansion strategy across the continent.
Closing Bell: Saudi main market sheds points, Nomu gains 2.8%
Saudi Arabia’s Tadawul All Share Index ended Monday’s trading session in the red, losing 8.95 points, or 0.07 percent, to close at 12,039.31.
Kuwait’s business and household credit growth strengthened in Q3
Kuwait’s domestic credit growth was a lackluster 0.4 percent in Q3, resulting in a 2.5 percent YTD increase. Headline growth in Q3 was negatively impacted by a plunge in lending to banks/financial institutions (-12 percent q/q) while underlying growth in terms of business and household lending was robust and stronger than in Q2.
Kuwait, Tajikistan ink MoUs
His Highness the Amir Sheikh Mishal Al-Ahmad Al-Jaber Al-Sabah on Sunday received the President of Tajikistan Emomali Rahmon and his accompanying delegation. During the meeting, both sides touched on the bilateral ties between the two friendly countries and the latest regional and global developments. Acting Prime Minister, Interior Minister and Defense Minister Sheikh Fahad Al-Yousef Saud Al-Sabah and senior state officials attended the meeting.
Saudi Arabia and Iraq sign MoU on military cooperation
Saudi Defense Minister Prince Khalid bin Salman and his Iraqi counterpart Thabet Al-Abbasi signed a memorandum of understanding on Monday aimed at strengthening cooperation in the military field.
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