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SAUDI ARABIA EMARATES BAHRAIN KUWAIT OMAN QATAR

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Press Dossier

By Date

17/08/2024

	Saudi Arabia’s construction contracts soar to $32bn in Q1 2024: USSBC Saudi Arabia saw a 79 percent increase in the value of construction contracts awarded during the first quarter of 2024, reaching SR118.8 billion ($31.65 billion), a new analysis showed.
	Saudi insurance sector earnings surge 25% to $585m in H1 2024 Saudi Arabia’s insurance sector saw a 25 percent increase in earnings for the first half of 2024, reaching SR2.2 billion ($585 million) compared to the same period last year.
	Saudi inflation rate rises to 1.5% in July on higher housing costs Saudi Arabia’s annual inflation rate climbed to 1.5 percent in July compared to the same period last year, driven largely by a surge in housing costs, official data showed.
	Saudi Arabia’s reserves grow 6% to $452.8bn in July Saudi Arabia’s official reserve assets increased to SR1.7 trillion ($452.8 billion) in July, marking a 6.06 percent year-on-year rise, according to recent data.
	Saudi PIF partners with Concacaf to promote football in Americas and Caribbean Saudi Arabia’s Public Investment Fund and Concacaf on Thursday announced a multiyear partnership aimed at promoting football across North and Central America and the Caribbean.
	Closing Bell: Saudi benchmark index ends the week in green at 11,915 Saudi Arabia’s Tadawul All Share Index ended the week by gaining 65.37 points, or 0.55 percent, to close at 11,915.02.
	Listed companies in Qatar see 5.5% hike in profits in H1 2024 Listed companies in Qatar saw a 5.5 percent increase in profits, reaching 25.73 billion Qatari riyals ($7.043 billion) in the first half of 2024, up from 24.38 billion riyals during the same period in 2023.
	Saudi Arabia, Morocco sign MoU to enhance health cooperation Saudi Arabia and Morocco signed a memorandum of understanding on Friday to enhance cooperation on health, the Saudi Press Agency reported.

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