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SAUDI ARABIA EMARATES BAHRAIN KUWAIT OMAN QATAR

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Press Dossier

By Date

07/12/2024

	KSA real estate loans hit $226bn, fueled by retail and corporate demand Saudi banks’ real estate loans surged to a record SR846.48 billion ($225.73 billion) in the third quarter of 2024, marking a 13.29 percent annual increase, official data showed.
	Saudi Ministry of Economy and UNDP collaborate to boost economic, social development Saudi Arabia’s Ministry of Economy and Planning has signed an agreement with the UN Development Programme to enhance economic and social policy planning, with a focus on sustainable development.
	New agreements signed to boost local manufacturing in Abu Dhabi The Abu Dhabi Investment Office has signed a series of collaborative agreements to increase local participation in government procurement opportunities, in line with Abu Dhabi’s commitment to encouraging localisation and advancing economic diversification.
	OECD expects Austria's economy to start recovering The Organisation for Economic Co-operation and Development (OECD) stated that Austria's economic activity is projected to recover slowly from a two-year contraction, with GDP growing by 1.1% in 2025 and 1.4% in 2026.
	NIC honors graduates of ‘Shift’ In collaboration with Creative Confidence, the National Investments Company (NIC) celebrated the graduation of the second batch of the “Shift” training program. This program is exclusively tailored for newly graduated Kuwaiti women and prepares them for careers in the investment sector. The graduation ceremony occurred at Boursa Kuwait on Wednesday, November 27, 2024.
	Gulf Bank celebrates a decade of excellence at annual gala Gulf Bank recently hosted its highly anticipated annual gala, bringing together employees to celebrate key milestones. The event highlighted the graduation of the ninth cohort of the Ajyal program and marked 10 years of success for the Ajyal program, the Gulf Bank Marathon, and the Women of Wisdom (WOW) initiative. Acting CEO of Gulf Bank, Waleed Khaled Mandani, joined senior executives and employees to honor these remarkable achievements.
	Worley JV lands bp's gas project contract in Oman Worley, a leading Australian engineering, consulting and project delivery company, has announced that its joint venture with Special Technical Services (STS), a leading multidisciplinary contracting group in Oman, has secured a three-year contract extension for a bp project in the sultanate.
	Abu Dhabi Hub71 startups secure $1.9bn in funding Abu Dhabi's global tech ecosystem Hub71 has annnounced that startups operating within its premises have secured over AED7 billion ($1.9 billion) in funding, said its top official.
	Youth empowerment takes center stage at COP16 Youth empowerment has emerged as a focal point at the UN Convention to Combat Desertification conference.

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