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SAUDI ARABIA EMARATES BAHRAIN KUWAIT OMAN QATAR

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Press Dossier

By Date

12/08/2024

	Ma’aden’s profits surge 160% to reach $532m in first half of 2024 Saudi Arabian Mining Co., widely known as Ma’aden, achieved a net profit of SR2 billion ($532 million) in the first half of 2024, marking a striking 160 percent increase compared to the same period in 2023.
	Closing Bell: Saudi benchmark index rises to close at 11,771 Saudi Arabia’s Tadawul All Share Index rose on Sunday, gaining 104.57 points, or 0.90 percent, to close at 11,771.69.
	Saudi Arabia’s non-oil activities increase by 2.2% in June: GASTAT Saudi Arabia’s non-oil activities saw a 2.2 percent increase in June compared to the previous month, signalling ongoing growth in the Kingdom’s efforts to diversify its economy.
	Saudi Arabia’s King Abdulaziz Port enhances connectivity with new shipping service Saudi Arabia’s King Abdulaziz Port in Dammam is set to enhance its maritime links with key ports in India and China with the introduction of a new shipping service.
	Abu Dhabi’s ADQ to acquire minority stake in auction house Sotheby’s Abu Dhabi’s wealth fund ADQ is set to acquire a minority stake in Sotheby’s, reflecting its commitment to enhancing its global presence in the arts and luxury sectors.
	Qatar sees 36% rise in building permits issued in July Qatar’s construction sector is experiencing robust growth, with the nation documenting a 36 percent month-on-month rise in building permits in July.
	Khaled Waleed Al-Falah: NIC achieved positive financial indicators in H1 2024 The National Investments Company announced its financial results for the first half of 2024, in which the company achieved a net profit of KD 5.77 million at 7.24 fils per share, compared to the corresponding period of 2023, in which the net profit reached KD 4.23 million, 5.3 fils per share, an increase of 37 percent.
	Saudi Arabia unveils updated investment law to facilitate foreign investors Saudi Arabia has announced a significant overhaul of its investment law as part of its Vision 2030 reform strategy, aiming to strengthen its appeal to international investors.

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