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SAUDI ARABIA EMARATES BAHRAIN KUWAIT OMAN QATAR

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Press Dossier

By Date

11/06/2024

	Saudi Arabia’s nominal gross fixed capital formation hits $84.7bn in Q1 Saudi Arabia’s gross fixed capital formation surged to SR317.5 billion ($84.7 billion) in the first quarter of 2024, marking a significant 7.9 percent increase compared to the same period last year, recent data has revealed.
	Manufacturing surge boosts Saudi Arabia’s IPI to 105.6 points: GASTAT Manufacturing activities helped pushed Saudi Arabia’s Industrial Production Index to 105.6 points in April, a 1.1 percent rise compared to the previous month, official data showed.
	Saudi Arabia’s tourism sector contributing record sums to GDP: WTTC report Saudi Arabia’s travel and tourism sector expanded by over 32 percent in 2023, contributing a record SR444.3 billion ($118.4 billion) to the nation’s gross domestic product, a new report revealed.
	Saudi seaports see 8% increase in cargo handling Saudi seaports witnessed an annual 8.09 percent increase in the volume of cargo handled during May, reaching over 27.63 million tonnes.
	Closing Bell: TASI slips to close at 11,854 points, Nomu gains 1.7% Saudi Arabia’s Tadawul All Share Index slipped on Monday, losing 1.29 points, or 0.01 percent, to close at 11,853.82.
	Saudi finance companies see 13% asset surge amid favorable economic climate Saudi Arabia’s finance companies witnessed a 13 percent year-on-year surge in total assets to SR64.2 billion ($17.12 billion) in 2023, newly released data from the Kingdom’s central bank has revealed.
	Qatar’s private sector exports surge 6% to $685m Qatar’s private sector saw a 6 percent increase in its exports in the first quarter of 2024, according to the country’s Chamber of Commerce and Industry.
	Kuwait and UAE civil aviation bodies sign security agreement Kuwait’s Directorate General of Civil Aviation (DGCA) and its Emirati counterpart signed on Monday an agreement to put security personnel on civilian aircraft traveling to both countries.

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