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SAUDI ARABIA EMARATES BAHRAIN KUWAIT OMAN QATAR

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Press Dossier

By Date

06/11/2023

	stc Group, Red Sea Global in deal to propel digital transformation Digital transformation on the Red Sea coast is poised for growth thanks to a new strategic partnership between Saudi Arabia’s stc Group and Red Sea Global.
	Saudi Arabia’s R&D investment hits $5.1bn in 2022 Saudi Arabia’s investment in research and development soared to SR19.2 billion ($5.1 billion) in 2022, marking a 32.7 percent increase from the previous year, according to a recent report.
	Saudi private sector employment touches 10.7m in Oct Saudi Arabia’s total number of employees in the private sector reached 10.7 million workers in October, according to the Saudi National Labor Observatory.
	Taif business forum attracts $2.9bn in investment agreements Investment agreements exceeding SR11 billion ($2.9 billion) were announced on the first day of the Taif Investment Forum, according to the Saudi Press Agency.
	Closing bell: Saudi main index rises 85 points to close at 10,938 Saudi Arabia’s Tadawul All Share Index rose on Sunday, gaining 85.59 points, or 0.79 percent, to close at 10,938.95.
	Saudi healthcare set for technological boost as ministry signs MoU The Saudi Ministry of Health has inked a memorandum of understanding with the medical technology giant Becton, Dickinson and Co., with the aim of advancing digital transformation through modern technology.
	Qatar’s non-oil sector maintains growth as PMI hits 50.8 in October The non-oil private sector in Qatar continued to maintain its healthy growth in October, as the country’s Purchasing Managers’ Index hits 50.8, driven by improving business conditions.
	Saudi fund injects $2.9bn into Omani economy over 46 years The Saudi Fund for Development has contributed over SR11 billion ($2.9 billion) to Oman’s economy since initiating financing for projects in the sultanate 46 years ago.

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