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Press Dossier   By Date  03/07/2024
Tourists’ spending in Saudi Arabia up 23% to $12bn
Tourism spending in Saudi Arabia saw an annual increase of 23 percent in the first three months of the year, hitting SR45 billion ($12 billion), according to new figures.
Saudi SME Bank drives economic growth with $267m disbursed since inception
Saudi Arabia’s Small and Medium Enterprise Bank disbursed SR1 billion ($267 million) between its launch in December 2022 and January this year, latest figures show.
Saudi Local Content Coordination Council achieves 47% domestic content rate – latest figures
Saudi companies that are members of the Local Content Coordination Council sourced 47.22 percent of their purchases domestically in 2022, latest data showed.
Dubai sees record residential transactions after 20% surge: report
Dubai’s residential market activity hit record highs in the second quarter with 35,310 transactions, a 20.5 percent year-on-year increase, driven by customizable units and stable investment returns, a new report showed.
Closing Bell: Tasi slips to close at 11,607 points
Saudi Arabia’s Tadawul All Share Index slipped on Tuesday, losing 52.44 points, or 0.45 percent, to close at 11,606.09.
Saudi Arabia can unlock $7.19bn economic boost by narrowing urban-rural economic divide: report
Saudi Arabia could add SR27 billion ($7.19 billion) to its national economy annually by reducing the gross domestic product gap between its major cities and regional areas by just 10 percent, a new report stated.
Maktoum bin Mohammed chairs Executive Council meeting, announces AED25 billion in new investment incentives
The Executive Council of Dubai has approved a series of new initiatives and programmes designed to support its ambitious economic agenda and make it one of the world’s top three urban economies by 2033.
Saudi POS spending regains momentum with 48% rise
Saudi Arabia’s point-of-sale spending increased by 48 percent to reach SR12.34 billion ($3.29 billion) from June 23 to 29, with the education sector registering the largest surge.
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