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SAUDI ARABIA EMARATES BAHRAIN KUWAIT OMAN QATAR

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Press Dossier

By Date

27/11/2023

	Saudi banks Q3 net income grew 3.7% to reach $4.8bn Saudi Arabia’s banking sector saw a 3.74 percent quarterly increase in aggregate net income in the third quarter of 2023 to reach SR18.03 billion ($4.8 billion) from SR17.38 in the previous quarter, according to a recent report.
	Saudi tourism investment firm ASFAR looking to shape Kingdom’s sustainable future The head of Saudi Arabia’s new tourism investment company, ASFAR, said the firm’s long-term goal was to contribute to positioning the Kingdom as a leader in sustainable and innovative tourism.
	Saudi Arabia’s SMEs grow 3.5% in Q3, hitting 1.27m The number of small and medium enterprises in Saudi Arabia reached 1.27 million by the end of the third quarter, propelled by the Kingdom’s economic diversification efforts.
	Closing Bell: Saudi main index rises to close at 11,090 Saudi Arabia’s Tadawul All Share Index rose on Sunday, gaining 12.34 points, or 0.11 percent, to close at 11,090.42.
	S&P Global confirms Abu Dhabi’s credit rating at AA/A-1+, stable outlook Abu Dhabi’s credit rating has been reaffirmed in both local and foreign currencies, maintaining a robust “AA/A-1+” with a stable outlook, according to S&P Global.
	13% decline in Oman’s producer price index in Q3: ONCSI Oman recorded a 13 percent decrease in its producer price index in the third quarter of 2023 compared to the corresponding period in 2022.
	Manpower bars amendments to expats’ data The Public Authority of Manpower (PAM) emphasized the prohibition of amending the work permit data of expatriates such as name, date of birth and nationality.
	UAE-Philippines bilateral non-oil trade up 19.4% Y-o-Y in H1 2023 to reach $500 million Ahmed bin Ali Al Sayegh, UAE Minister of State, and Dr Thani bin Ahmed Al Zeyoudi, UAE Minister of State for Foreign Trade, have led a high-level UAE delegation to Manila, Philippines, to explore bilateral trade and investment opportunities and facilitate private-sector collaboration in sectors of mutual interest.

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