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Press Dossier   By Date  02/07/2024
PIF’s revenue soars 100% to $88.3bn, latest figures show
Saudi Arabia’s sovereign wealth fund has reported strong financial results for 2023, achieving revenues of SR331 billion ($88.3 billion) from its diverse investment portfolio, marking over 100% percent growth from 2022.
Corporate activities drive 11% loans surge from Saudi banks, SAMA data shows
Loans by Saudi Arabia’s banking sector increased to SR2.72 trillion ($726.44 billion) in May, marking an annual 11.14 percent rise, official data showed.
Saudi projects to take spotlight at 15th Real Estate Development Summit in Spain
Saudi real estate projects will take center-stage at a two-day summit in Spain featuring over 100 companies, showcasing major developments and new business opportunities in the Kingdom.
Closing Bell: Saudi main index closes in red; Nomu in green
Saudi Arabia’s Tadawul All Share Index dipped on Monday, losing 20.97 points, or 0.18 percent, to close at 11,658.53.
Saudi Top for Trading Co. agrees to buy 1k carbon credits from PIF-backed firm
Plastic and wax specialists Saudi Top Plastics has signed an agreement with a Public Investment Fund-backed firm to purchase 1,000 carbon credits.
ACWA Power secures $373m financing for Tashkent’s Riverside Power Plant
Saudi energy giant ACWA Power Co. has signed financing deals worth SR1.4 billion ($373.1 million) for Tashkent’s Riverside power plant in Uzbekistan, according to a statement on Tadawul.
Middle East carriers witness 15.3% air cargo demand growth in May: IATA
Middle Eastern airlines witnessed a 15.3 percent year-on-year demand growth for cargo in May, driven by growing e-commerce and maritime issues, an analysis showed.
Saudi Arabia to turn 3m tonnes of waste into fuel annually with new management project
Saudi Arabia is set to process approximately 3 million tonnes of municipal solid waste annually to produce refuse-derived fuels in six governorates following a new agreement.
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