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Press Dossier   By Date  20/09/2025
Saudi Arabia’s AI moment takes shape at Money20/20
The Saudi edition of Money20/20 Middle East this week offered a snapshot of how rapidly artificial intelligence is moving from hype to hard deployment in the Kingdom’s financial sector.
Saudi cybersecurity sector adds $4.9bn to GDP
Saudi Arabia’s cybersecurity sector added SR18.5 billion ($4.9 billion) to the Kingdom’s economy in 2024, marking a 19 percent jump from the previous year, official data showed.
GCC central banks cut interest rates by 25 bps following Fed’s move
Central banks in Gulf Cooperation Council countries cut interest rates by 25 basis points after the US Federal Reserve lowered its benchmark range to 4 percent to 4.25 percent, its first reduction since December.
Saudi port exports rise 9.3% as total cargo hits 334.5m tonnes
Saudi Arabia’s ports saw robust growth in 2024, with exports climbing 9.3 percent to 222.4 million tonnes, pushing total cargo volumes to 334.5 million tonnes and reinforcing the Kingdom’s expanding role in global trade.
Saudi Arabia’s Al-Baha region unveils industrial projects worth $24m
Saudi Arabia’s Al-Baha region has unveiled SR89 million ($24 million) in industrial projects aimed at attracting investment, creating jobs, and developing its mining and small and medium enterprises sectors.
Closing Bell: Saudi main index rises to close at 10,780
Saudi Arabia’s Tadawul All Share Index rose on Thursday, gaining 130.30 points, or 1.22 percent, to close at 10,780.69.
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