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Press Dossier   By Date  07/09/2024
Saudi banks’ real estate loans reach $218bn thanks to annual 12% growth
Saudi banks real estate loans reached SR816.83 billion ($217.82 billion) in the second quarter of 2024, marking an annual 12 percent rise, according to official data.
Saudi fintech investment increases sixfold to reach $666m in 2023
Venture capital investment in Saudi fintech companies, especially in the financing sector, surged sixfold in 2023 compared to the previous year, Abdullah Binghannam, deputy of financing and investment at the Capital Market Authority, told Arab News.
Saudi private sector adds 37k local employees in August: NLO data
Saudi Arabia’s private sector added 37,009 local employees in August, marking a 6.94 percent increase from July’s 34,606 new hires, the latest official data showed.
Saudi Arabia among top movers in real estate transparency globally: JLL
Saudi Arabia has been ranked as the second-best global improver in real estate transparency, according to a new index.
Qatar’s banking sector shows robust growth with assets hitting $550bn
Qatar’s banking sector demonstrated a strong performance in July, with total assets of commercial banks rising by 6.4 percent year-on-year to reach 2 trillion Qatari riyals ($549.9 billion).
PAAET, Scientific Center ink deal to provide jobs for grads
The Public Authority for Applied Education and Training (PAAET) signed on Thursday a memorandum of understanding with the Scientific Center to enhance cooperation between the two sides in the scientific and knowledge fields.
Kuwait, Hungary ink cybersecurity deal
The State of Kuwait and Hungary on Thursday signed a number of accords for cooperation in various fields namely cybersecurity. The agreements were inked during a meeting that grouped the Minister of Foreign Affairs Abdullah Al-Yahya and his visiting Hungarian counterpart, who is also the Minister of Commercial Affairs, Peter Szijjarto, at the ministry headquarters.
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