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Press Dossier   By Date  16/07/2024
Saudi Arabia leads GCC IPO market with $2.1bn raised in first half of 2024
RIYADH: Saudi Arabia led the Gulf Cooperation Council’s initial public offering market in the first half of 2024, raising $2.1 billion in what was an annual increase of 141 percent, an analysis has revealed.
Aldar and DP World to develop Grade A logistics park in Dubai
Aldar Properties and DP World have signed a strategic agreement where Aldar will fund and develop a 1.55 million sqft (144,000 sqm) Grade A logistics park at National Industries Park (NIP) in Jebel Ali, Dubai.
Kingdom's banks lead GCC in credit quality
RIYADH: Saudi banks showcased a notable improvement in credit quality in the first three months of the year as the non-performing loan ratio decreased to 1.4 percent, according to data from the Saudi Central Bank.
EDB reports Dhs11.14b in H1 cumulative financing
Emirates Development Bank (EDB) has reported outstanding H1 2024 results, marking a significant impact on the UAE’s economy. The Bank’s cumulative total financing since launching its new strategy in April 202
Saudi Arabia to bolster food security with 5 new investment projects in Al-Baha
RIYADH: Saudi Arabia’s food security is set to strengthen with five new investments in the agriculture sector of the Al-Baha region, aimed at achieving self-sufficiency under Vision 2030.
Diriyah Club ownership transferred to PIF-backed firm, boosting Saudi sports sector
RIYADH: Saudi Arabia’s sports sector is set for a major boost as ownership of Diriyah Sports Club transfers from the Ministry of Sport to Diriyah Co., a firm owned by the Public Investment Fund.
Oman sees hotel revenue rise 10.2% thanks to European-led tourist surge
European travelers to Oman helped fuel a 10.2 percent rise in hotel revenue in the first five months of 2024, official data has revealed.
3,752 licences issued, 30,910 renewed in Sharjah in H1
The Sharjah Economic Development Department (SEDD) has released its report for the first half of 2024, which showed an increase in the total number of business licences issued and renewed in Sharjah to 34,662, a 3 per cent growth year-on-year (YoY).
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