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Press Dossier   By Date  21/09/2024
Closing Bell: Saudi main index rises to close at 12,080
Saudi Arabia’s Tadawul All Share Index rose on Thursday, gaining 159.53 points, or 1.34 percent, to close at 12,080.47.
Saudi-Italian officials discuss manufacturing and innovation cooperation
Senior officials from Saudi Arabia and Italy have discussed collaboration opportunities in industrial innovation and advanced manufacturing technologies.
Saudi Arabia’s crude production climbs 1.26% to 8.94 mbpd: JODI
Saudi Arabia’s crude output increased to 8.94 million barrels per day in July, reflecting a 1.26 percent rise from June.
Oman posts H1 trade surplus of $9.4bn, driven by oil exports
Oman recorded a trade surplus of 3.65 billion Omani rials ($9.4 billion) in the first six months of 2024, down slightly from 3.74 billion rials in the same period last year, official data showed.
Saudi Central Bank lowers benchmark rate by 50 bps, following US Fed decision
Saudi Arabia’s benchmark interest rate, held at 6 percent since July last year, has been lowered to 5.5 percent following a 50-basis-point cut announced by the Kingdom’s central bank.
Saudi Arabia’s expat fee waiver fuels industrial growth, boosting GDP by 14.7%
Saudi Arabia’s decision to waive fees for expatriate workers in the industrial sector has significantly contributed to a robust 14.7 percent increase in gross domestic product, soaring from SR392 billion ($104.5 billion) in 2019 to SR592 billion in 2023.
Saudi EV market poised for significant growth by 2026, Petromin CEO predicts
Saudi Arabia is preparing for a substantial rise in electric vehicle sales as battery prices fall and infrastructure improves, according to an industry leader.
Saudi agricultural fund boosts food sector with $533m in loans, credit facilities
Saudi Arabia’s Agricultural Development Fund has approved SR2 billion ($533.33 million) in loans and credit facilities aimed at enhancing food sustainability and security throughout the Kingdom.
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