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Press Dossier   By Date  29/07/2024
Saudi Arabia seeks stronger ties with Brazil in mining sector
A high-level Saudi delegation continued discussions in Brazil on Sunday to enhance bilateral ties and advance Saudi Arabia’s mining sector.
Saudi Investment Ministry to assist Hail region achieve full economic potential
Saudi Arabia’s northern province of Hail is set to attract increased investments due to its strategic and logistical importance, as emphasized by the region’s governor.
Saudi insurance sector to consolidate as Buruj and MedGulf sign merger deal
The Saudi insurance sector is set for consolidation as two leading firms signed a non-binding memorandum of understanding to explore a potential merger.
Saudia tops global airline list for on-time performance in June
Saudi Arabia’s national carrier has topped the list of global airlines as it achieved an 88.22 percent on-time arrival rate in June, according to new data from the independent aviation tracking site Cirium.
Oman’s total credit balance hits $81bn in May
Private sector credit growth has driven Oman’s total credit balance to 31.1 billion Omani rials ($80.9 billion) by the end of May 2024, marking a 3.2 percent annual increase, according to the latest data from the nation’s central bank.
Closing Bell: Saudi benchmark index rises 1.24 percent to close at 12,175
Saudi Arabia’s Tadawul All Share Index ended the week’s first trading session on Sunday by gaining 149.22 points, or rising 1.24 percent, to close at 12,175.43.
Turkiye to host 1st round of free trade pact negotiations with GCC states
Turkiye will hold the first round of negotiations of the Free Trade Agreement with Gulf Cooperation Council states during a three-day event to enhance economic exchange in goods, services, and investment.
Egypt signs investment deals worth $340m to boost oil and gas production
Egypt’s Ministry of Petroleum and Mineral Resources signed two agreements with international companies on Sunday to invest $340 million to boost oil and gas production in the Mediterranean and Gulf of Suez.
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