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Press Dossier   By Date  16/12/2024
PIF’s Dan Co. to launch resort in Al-Ahsa to boost Saudi tourism sector
Saudi Arabia’s tourism sector is poised for significant growth with the announcement of a new resort project in Al-Ahsa by Dan Co., a subsidiary of the Public Investment Fund.
Saudi Arabia’s inflation holds steady at 2% in November: GASTAT
Saudi Arabia’s annual inflation rate remained stable at 2 percent in November compared to the same month in 2023, driven primarily by higher housing costs, official data showed.
Saudi Arabia invests $2.66bn to transform logistics infrastructure with 18 new zones
Saudi Arabia is strengthening its logistics infrastructure by developing 18 new logistics zones, with total investments exceeding SR10 billion ($2.66 billion), according to senior officials.
Closing Bell: Saudi main index slips to close at 12,059
Saudi Arabia’s Tadawul All Share Index slipped on Sunday, losing 39.80 points, or 0.33 percent, to close at 12,059.53.
Japan, GCC strengthen economic ties with 1st round of FTA talks
Economic ties between Japan and the Gulf Cooperation Council advanced with the successful completion of the first round of Free Trade Agreement negotiations in Riyadh on Dec. 12.
UAE’s proptech Stake expands to Saudi Arabia, to consider regional HQ relocation, GM says
UAE real estate investment platform Stake is considering relocating its regional headquarters to Saudi Arabia, but no immediate plans have been finalized, according to a top official.
Uzbekistan inaugurates largest wind farm in Central Asia
Uzbekistan has officially inaugurated Central Asia’s largest wind farm, the 500-megawatt Zarafshan facility, as part of its efforts to expand clean energy capacity.
Egypt partners with UAE’s AMEA Power to launch renewable energy projects in Aswan, Gulf of Suez
Egypt has signed two agreements with UAE-based AMEA Power to develop a 500-megawatt wind farm in the Gulf of Suez, further strengthening the nation’s renewable energy sector.
Oman’s GDP grows 2.6% in Q2, driven by non-hydrocarbon sector
Oman’s nominal gross domestic product grew by 2.6 percent at the end of the second quarter of the year compared to the same period in 2023.
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