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SAUDI ARABIA EMARATES BAHRAIN KUWAIT OMAN QATAR

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Press Dossier

By Date

23/10/2024

	Multilateral action needed to promote sustainable economic growth, says Saudi finance minister Multilateral action should be adopted to address current risks and promote future sustainable economic growth and human development, a top Saudi official reiterated.
	Saudi Arabia announces $13.3bn of investment deals at Global Health Exhibition Speaking on the opening day of the Global Health Exhibition in Riyadh on Monday, the Saudi minister of health, Fahad Al-Jalajel, announced imvestment deals in the sector worth more than SR50 billion ($13.3 billion).
	Closing Bell: Saudi bourses edge down Saudi Arabia’s Tadawul All Share Index slipped on Tuesday, shedding 51.32 points to close at 11,956.99.
	Saudi Arabia raises $2.09bn in October sukuk issuance Saudi Arabia’s National Debt Management Center raised SR7.83 billion ($2.09 billion) through its riyal-denominated sukuk issuance in October, a sharp 201 percent increase from the previous month.
	Saudi economy to achieve 4.6% growth, among highest in GCC by 2025: IMF Saudi Arabia’s economy is set to expand by 1.5 percent and 4.6 percent in 2024 and 2025, respectively, according to an analysis by the International Monetary Fund.
	Saudi Arabia opens bidding for 7 mining licenses in Makkah and Riyadh regions Saudi Arabia has invited local and international investors to compete for seven mining exploration licenses across the Makkah and Riyadh regions, covering a combined area of 1,070 sq. km.
	Saudi Arabia, UAE lead GCC IPO activity with $1.7bn raised in Q3: Markaz Saudi Arabia and the UAE led the initial public offering activity in the Gulf Cooperation Council in the third quarter of the year, raising $1.7 billion, a 6 percent increase from the previous year, an analysis showed.
	KFH reports net profit of KD 482.9 million up to end of Q3 2024, an increase of 4.6% Chairman of Kuwait Finance House (KFH) Hamad Abdulmohsen Al-Marzouq announced that KFH has, by the grace of Allah, achieved a net profit for its shareholders of KD 482.9 million ($1.58 billion) up to the end of the third quarter of 2024, an increase of 4.6 percent compared to the same period last year.
	Kuwait’s DGCA discusses cooperation, signs MoUs Directorate General of Civil Aviation’s (DGCA) President Sheikh Humoud Mubarak Al-Sabah discussed on Tuesday enhancing aviation cooperation with Italy and Russia and also signed MoUs on the sidelines of Kuala Lumpur’s sixteenth ICAO Air Services Negotiation (ICAN2024) conference.

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