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Press Dossier   By Date  05/06/2024
PIF prices inaugural sterling bond offering of $829m
Saudi Arabia’s Public Investment Fund has priced its inaugural sterling bond offering of £650 million ($829.80 million) under its existing Euro Medium-Term Note program.
Food and clothing sectors drive POS weekly spending to hit $4bn
Saudi Arabia’s point-of-sale spending reached SR15.22 billion ($4.05 billion) from May 26 to June 1, official figures showed.
Saudi Arabia, Kuwait finalize project to streamline customs procedures
Trade exchange between Saudi Arabia and Kuwait is set to increase further with the completion of their land customs technical connectivity project.
Saudi energy giant ACWA Power sells $225m stake in Rabigh IWSPP
Saudi-listed ACWA Power has agreed to sell 30 percent of its stake in Rabigh Independent Water Steam and Power Project to Hassana Investment Co. for SR844 million ($225 million).
UAE non-oil sector maintains steady growth despite flood impact: S&P Global
The UAE’s non-oil private sector growth remained steady in May, with the country’s Purchasing Managers’ Index holding firm at 55.4, unchanged from the previous month, an economy tracker showed.
Oman Investment Authority’s assets surge to hit $49.9bn in 2023
Total assets of Oman’s sovereign wealth fund increased by an estimated 7.4 percent year on year to reach 19.24 billion Omani rials ($49.9 billion) in 2023, according to new figures.
Saudi Arabia establishes logistics zone in Djibouti to expand economic presence in Africa
Saudi Arabia has signed a deal to establish a logistics zone in the port of Djibouti, leveraging Africa’s gateway to propel the Kingdom’s products and exports, fostering economic interplay.
PIF-owned Riyadh Air signs global partnerships with Singapore Airlines and Air China
Saudi Arabia’s newest airline, Riyadh Air, has signed agreements with two major carriers, Singapore Airlines and Air China, to establish strategic partnerships and expand its global network.
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