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Press Dossier   By Date  10/09/2024
Saudi banks issue $1.9bn in new loans in July as apartment lending surges
Saudi banks granted SR7.07 billion ($1.9 billion) in new residential mortgage loans in July, marking a 33 percent increase from the previous month, according to recent data.
Saudi Arabia and GCC drive global sukuk market amid economic diversification push: Moody’s
The global sukuk market is poised for a strong performance in 2024, with issuance volumes expected to surpass those of 2023 despite a slowdown in the year’s second half.
New shipping service to boost trade between Saudi Arabia and India
A new shipping route connecting Jeddah to India’s major commercial hubs has been launched by a subsidiary of Saudi Arabia’s Public Investment Fund.
Saudi Arabia’s non-oil exports to Qatar surge 213%: GASTAT
Saudi Arabia’s non-oil exports to Qatar surged 213 percent in the second quarter of 2024 compared to the previous three months, reaching SR5.79 billion ($1.54 billion), official data showed.
UAE GDP grows 3.4% in Q1, driven by non-oil sector
The UAE’s gross domestic product reached 430 billion dirhams ($117 billion) in the first quarter of 2024, marking a 3.4 percent year-on-year growth.
Qassim region sees 14.5% growth in commercial records
Commercial records in Saudi Arabia’s Qassim region have surged by 14.5 percent over the past six years, reflecting a vibrant increase in economic activity, according to a top official.
Closing Bell: Saudi main index closes in red at 11,962
Saudi Arabia’s Tadawul All Share Index dipped on Monday, losing 19.40 points, or 0.16 percent, to close at 11,962.90.
Oman state-run oil firm OQ will make initial public offering and potentially seek billions
An Omani state-run oil and gas company announced Monday it will make an initial public offering of its exploration and production business, potentially seeking billions in a major move toward privatization in the sultanate.
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