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Press Dossier   By Date  03/08/2024
Closing Bell: Saudi bourses end week in red
Saudi Arabia’s Tadawul All Share Index shed 63.74 points or 0.53 percent to close Thursday’s trading session at 12,045.78.
Saudi Arabia’s real estate price index rises 1.7%: GASTAT
Saudi Arabia’s real estate price index edged up by 1.7 percent in the second quarter of 2024, compared to the same period last year, driven by a surge in residential sector costs, official data showed.
Dubai’s residential property sales surge more than 33%, reports brokerage firm
Dubai’s residential property sales saw a 33.5 percent annual increase in the first half of 2024 with 77,233 transactions, according to a top brokerage company.
Saudi Arabia’s SABIC reports 84% surge in net profit to $564m
Petrochemical giant Saudi Basic Industries Corp. saw an 84 percent year-on-year surge in net profit to SR2.18 billion ($564 million) in the second quarter of 2024, driven by higher margins and new zakat regulations.
Investment task force meeting heralds new era for India-Saudi Arabia trade relationship
Trade and economic relations between India and Saudi Arabia have taken another step forward after the countries’ inaugural High-Level Task Force on Investments was held earlier this week.
Saudi Arabia keen to enhance investments in Egypt, says minister
Saudi Arabia’s Minister of Investment Khalid Al-Falih emphasized the Kingdom’s commitment to enhancing trade relations with Egypt at the start of a two-day visit in New Alamein City on Friday.
MoI: No one above the law
First Deputy Prime Minister and Defense and Interior Minister Sheikh Fahad Al-Yousef Al-Sabah affirmed on Wednesday that no one is above the law and the police’s top priority is Kuwait’s security.
Saudi Ministry signs cooperation agreement with Nigeria’s Supreme Council for Islamic Affairs
The Saudi minister of Islamic affairs, dawah and guidance, Abdullatif Al-Asheikh, signed an agreement with Nigeria’s Supreme Council for Islamic Affairs in Jeddah on Thursday, with the aim of strengthening cooperation between the nations in efforts to promote the understanding of Islam and its message of tolerance, and raising cultural awareness among Muslims.
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