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SAUDI ARABIA EMARATES BAHRAIN KUWAIT OMAN QATAR

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Press Dossier

By Date

11/11/2023

	Saudi-UK trade relationship ‘better than ever’ after 68% growth RIYADH: Bilateral trade between Saudi Arabia and the UK increased 68 percent in the last year, amounting to $17 billion, according to the chairwoman of the Saudi British Joint Business Council.
	Saudi Arabia sees surge in term deposits, lending, and consumer spending RIYADH: Saudi banks’ money supply saw an 8 percent year-on-year expansion in September, reaching SR2.66 trillion ($710 billion), according to the Kingdom’s central bank, also known as SAMA.
	Adnoc Distribution’s earnings up 28% in Q3, strongest since IPO Adnoc Distribution on Friday announced robust Q3 2023 results, reporting a 28% year-on-year (Y-o-Y) increase in EBITDA to $303 million (Dhs1.1 billion) and a 9% Y-o-Y increase in net profit to $227 million (Dhs835 million).
	Dewa reports record revenue of Dhs9.4 billion in 3rd quarter Dubai Electricity and Water Authority (Dewa) on Friday reported its third quarter 2023 (Q3’23) consolidated financial results, with a record quarterly revenue of Dhs9.4 billion, an operating profit of Dhs3.7 billion, and EBITDA of Dhs5.2 billion.
	DIFC ties up with Seoul Metropolitan to drive cross border collaboration Dubai International Financial Centre (DIFC), the leading global financial centre in the Middle East, Africa, and South Asia (MEASA) region has signed a Memorandum of Understanding with Seoul Metropolitan Government (SMG) to foster cross border collaboration, share best practices and drive financial services innovation between Dubai and Seoul.
	DP World Australia’s port operations hit by cyber attack Global ports operator DP World Australia has restricted access to its ports as it works to contain a cyber security incident that is likely to disrupt the movement of goods for days.
	Egypt's inflation slows to 35.8% in October after four months of record price rises Egypt’s annual headline inflation slowed to 35.8 per cent in October, dropping from a record high of 38 per cent the previous month, according to data issued by the country’s statistics agency Capmas on Saturday.
	Dubai Airshow set for jet deal bonanza as airlines clamour for new planes The Dubai Airshow will start on Monday, setting the stage for a flurry of orders as airlines seek to secure coveted delivery slots for the latest fuel-efficient jets amid a post-coronavirus boom in air travel.
	Why the UAE has become the go-to place for global talent The UAE is a wonderful place to live. Year-round sunshine, luxury lifestyles and a rich tapestry of cultures are just a few of the reasons you might want to move here. In Dubai alone, for example, 86,607 people moved to the city in the 12 months to June.

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