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SAUDI ARABIA EMARATES BAHRAIN KUWAIT OMAN QATAR

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Press Dossier

By Date

09/12/2023

	Saudi Arabia’s non-oil activities increase by 3.5% in Q3: GASTAT Saudi Arabia’s non-oil activities increased by 3.5 percent in the third quarter of 2023, compared to the same period of the previous year, as the Kingdom steadily diversifies its economy away from oil, official data showed.
	Saudi Arabia, Hong Kong sign agreement to boost direct investment Direct investment opportunities between Saudi Arabia and Hong Kong are set to grow after a new agreement was inked.
	Startup Wrap – Saudi Arabia leads November’s funding spree with $338m Saudi Arabia’s startup ecosystem continues to dominate the region after raising the most funds in the Middle East and North Africa during November.
	UAE to set up bankruptcy courts to rule on disputes The UAE will set up specialised courts to handle bankruptcy cases as the government seeks to overhaul the restructuring and insolvency legal framework, streamlining the process to enhance investor trust further.
	Saudi Arabia to provide $8m to tackle Safer oil tanker issue Saudi Arabia has agreed to provide an additional $8 million to help tackle the threat posed by the decaying Safer oil tanker anchored off the Yemeni coast.
	COP28: US-UAE climate-friendly farming effort grows to $17bn Funding for a joint effort by the US and the UAE to advance climate-friendly farming around the world has grown to more than $17 billion, the countries announced on Friday at the COP28 climate summit in Dubai, according to Reuters.
	Saudi jobs boom unmatched anywhere in the world, Budget Forum told Some 1.1 million new jobs have been created in Saudi Arabia in the past year as the Kingdom’s economic diversification policies continue to bear fruit, according to a government minister.

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