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Press Dossier   By Date  28/08/2024
GCC banks set record with $21.5bn in Q2 lending profits
Profits from lending activities at Gulf Cooperation Council banks reached a record $21.5 billion in the second quarter of 2024, marking a 7.6 percent increase from the same period last year, according to a recent report.
KSA’s pharma, medical device factories surge to 206
The number of pharmaceutical and medical device factories in Saudi Arabia has reached 206, with investments totaling SR10 billion ($2.6 billion), according to official data.
Saudi Arabia's inflation is projected to decline, reaching 1.7% in 2024
Saudi Arabia’s inflation is projected to drop to 1.7 percent in 2024, revised down from 2 percent, driven by robust non-oil sector growth and lower prices in key sectors, according to Jadwa Investment.
KSA, Portugal form business council to boost economic ties
Saudi Arabia and Portugal are set to enhance their economic relationship with the creation of a business council for the 2024-2028 term, as announced by the Federation of Saudi Chambers of Commerce.
Qatari firm issues sukuk worth $137m in local currency
Qatar-based Estithmar Holding has issued a 500 million Qatari riyal ($137 million) sukuk, marking the first corporate issuance denominated in local currency under its 3.4 billion-riyal program.
Emirati women invested Dhs9.2b in Sharjah real estate during 2023
Abdul Aziz Ahmed Al-Shamsi, Director General of Sharjah Real Estate Registration Department (RERD), praised the “great role played by Emirati women in the country’s progress towards prosperity.
ADPF reports 41% increase in Emirati women registrations
The Abu Dhabi Pension Fund (ADPF) has announced a remarkable 41 percent increase in the number of Emirati women registered with the Fund from both the government and private sectors in Abu Dhabi since its inception
Adnoc deploys AI-enabled process technology
Adnoc announced the deployment of an industry-leading artificial intelligence (AI)-enabled process optimisation technology.
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