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Press Dossier   By Date  21/11/2024
Saudi economic growth to accelerate to 4.7% in 2025: Moody’s
Saudi Arabia’s economy is set to grow by 1.7 percent this year, before accelerating to 4.7 percent in 2025 and 2026, driven by government-backed projects aimed at diversifying the Kingdom’s economy, according to Moody’s.
Saudi hotel industry sees 11.4% spending surge, amid overall weekly POS decline: SAMA
Spending in Saudi hotels saw a week-on-week increase of 11.4 percent between Nov. 10 and 16, reaching SR399.7 million ($106.4 million), according to the Kingdom’s central bank.
Saudi Arabia raises $910m in November sukuk offering
Saudi Arabia’s National Debt Management Center has completed its riyal-denominated sukuk issuance for November, raising SR3.41 billion ($910 million), a 28.19 percent year-on-year increase.
Saudi local content projects valued at $213bn by Q3 2024, says Alkhorayef
The value of projects under Saudi Arabia’s local content initiatives has reached approximately SR800 billion ($213 billion) by the third quarter of 2024, according to the Kingdom’s Minister of Industry and Mineral Resources, Bandar Alkhorayef.
Closing Bell: Saudi main index closes in red at 11,867
Saudi Arabia’s Tadawul All Share Index declined on Wednesday, shedding 7.99 points, or 0.07 percent, to close at 11,867.92.
Saudi CMA seeks feedback on foreign investment and market access reforms
Saudi Arabia’s Capital Market Authority is seeking to attract more foreign investments and improve market accessibility by inviting feedback on proposed amendments to account procedures.
Japan, Saudi medical centers unite to revolutionize stem cell therapy
Cytori Therapeutics Japan and the King Abdullah International Medical Research Center have signed a Memorandum of Understanding to strengthen research and training initiatives in the field of cell therapy.
Japan, Saudi medical centers unite to revolutionize stem cell therapy
Cytori Therapeutics Japan and the King Abdullah International Medical Research Center have signed a Memorandum of Understanding to strengthen research and training initiatives in the field of cell therapy.
ACWA Power, ITOCHU Corp. sign MoU at COP29 to accelerate global clean energy transition
Saudi Arabia’s ACWA Power has entered into an agreement with Japan’s ITOCHU Corp. during COP29 to strengthen investments in environmental infrastructure and renewable energy across the Middle East, Central Asia, and Africa.
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