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Press Dossier   By Date  05/08/2024
ACWA Power’s net profit surges 35 percent to $274m in H1
Saudi utility giant ACWA Power reported a 35.46 percent increase in net profit for the first half of 2024, reaching SR926.79 million ($246.88 million), compared to the same period last year.
Saudi Arabia launches 6th round of ‘Sah’ savings
Saudi Arabia has launched the sixth round of its subscription-based savings product, Sah, for August, offering an appealing return of 5.48 percent.
Saudi municipalities offer 57 investment opportunities across commercial and residential sectors
Saudi Arabia’s Hail, Qassim, and Asir municipalities have unveiled 57 new investment opportunities across entertainment, sports, commercial and residential sectors, aimed at boosting economic growth and supporting the private sector.
Saudi Arabia’s non-oil merchandise exports to GCC reach $2.9bn
Saudi Arabia’s total non-oil merchandise exports to Gulf Cooperation Council countries reached SR10.99 billion ($2.9 billion) in May, a significant increase from SR8.43 billion in the same month last year.
Oman’s foreign reserves increase by 9% in May
Oman’s foreign assets reached 7.37 billion Omani rials ($19.1 billion) by the end of May, reflecting a 9 percent increase from the previous year and indicating economic growth and stability.
Saudi exports to South Korea surged 36 percent to $2.75bn in May
Saudi Arabia’s trade with South Korea remains strong, with exports from the Kingdom increasing 36.19 percent year-on-year to SR10.31 billion ($2.75 billion) in May, official data showed.
Qatar exports rise 9.9% in June: official data
Qatar experienced a significant boost in its export figures in June, largely driven by petroleum gases and other gaseous hydrocarbons, recording a 9.9 percent increase compared to the same month the previous year.
Bahraini nationals top list of 8.6m GCC visitors to Saudi Arabia
Saudi Arabia welcomed 8.6 million visitors from Gulf Cooperation Council countries in 2023, with Bahraini travelers accounting for 3.4 million of the total.
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