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Press Dossier   By Date  01/08/2024
Saudi Arabia records budget deficit of $4bn in Q2
Saudi Arabia recorded a budget deficit of SR15.34 billion ($4.09 billion) in the second quarter of 2024, bringing the year’s first-half shortage to 35 percent of the annual forecast set by the Ministry of Finance.
Closing Bell: Saudi benchmark index edges up to close in green
Saudi Arabia’s Tadawul All Share Index rose on Wednesday, gaining 44.87 points, or 0.37 percent, to close at 12,109.52.
Saudi GDP up 1.4%, driven by non-oil sector: GASTAT
Saudi Arabia’s seasonally adjusted real gross domestic product grew by 1.4 percent in the second quarter of 2024, compared to the previous three months, driven by non-oil activities, official data showed.
Saudi Arabia’s POS regains momentum with a 2.8% surge: SAMA
Point-of-sale spending in Saudi Arabia reached SR11.2 billion ($2.99 billion) from July 21 to 27, marking a weekly increase of 2.8 percent, according to official data.
Saudi banks’ money supply increases 9% in June to reach $773bn
Saudi banks’ money supply rose 9 percent in June compared to the same month of 2023 to reach SR2.9 trillion ($773 billion), official data showed.
US-Bangla Airlines given approval to operate regular Dhaka-Jeddah flights
Saudi Arabia is expanding its global air connectivity by allowing US-Bangla Airlines to operate seven weekly flights between the Kingdom and Bangladesh starting August 1.
Kuwaiti lenders Boubyan Bank and Gulf Bank weigh merger
Kuwaiti lenders Boubyan Bank and Gulf Bank are weighing a merger to create a single Islamic bank with $53 billion in assets as part of a plan to fuel growth and expansion.
Saudi EXIM signs deal with InvestChile to boost trade ties, non-oil exports
Trade between Saudi Arabia and Chile is poised for growth with a new agreement between Saudi EXIM Bank and InvestChile that seeks to strengthen cooperation and boost non-oil exports.
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