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SAUDI ARABIA EMARATES BAHRAIN KUWAIT OMAN QATAR

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Press Dossier

By Date

30/05/2024

	Saudi banks witness 11% surge in loans to $716bn, fueled by corporate activities Saudi banking sector’s loans increased to SR2.68 trillion ($715.56 billion) in April, marking an 11 percent increase compared to the same month in 2023, official data showed.
	Saudi Arabia’s real GDP to grow by 2.5% in 2024 driven by non-oil activities: World Bank Saudi Arabia’s real gross domestic product is expected to grow by 2.5 percent in 2024, driven primarily by robust non-oil private activities, which are predicted to grow by 4.8 percent.
	Closing bell: TASI closes in green to reach 11,696 points Saudi Arabia’s Tadawul All Share Index rose on Wednesday, gaining 36.57 points, or 0.31 percent, to close at 11,696.51.
	PIF’s Alat, Lenovo forge $2bn partnership to establish manufacturing hub in Saudi Arabia Saudi Arabia’s pursuit of a sustainable manufacturing hub gains momentum as Alat partners with Lenovo Group to establish a facility and invest $2 billion through zero-coupon convertible bonds.
	Saudi economy shines amid low inflation rates and Vision 2030 success: official report The Saudi economy has demonstrated resilience, marked by sustained growth in non-oil sectors and a globally low annual inflation rate of 1.6 percent, as per an official report.
	Al-Zour Refinery inauguration a milestone in Kuwait’s oil sector Under the presence and patronage of His Highness the Amir Sheikh Mishal Al-Ahmad Al-Jaber Al-Sabah, the oil sector inaugurated the official opening of Al-Zour Refinery, marking the commencement of its full operations on Wednesday.
	South Korea, UAE sign deal to slash import duties at leaders’ summit South Korea and the UAE signed a trade pact on Wednesday to sharply cut import duties at a summit of their leaders that pledged closer business and investment ties.
	Lucid, EVIQ sign MoU to set up high-speed public charging infrastructure in Saudi Arabia Saudi Arabia is set to activate high-speed public charging infrastructure to support the adoption of electric vehicles, thanks to a new agreement.

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