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Press Dossier   By Date  22/10/2025
Global ESG sukuk market hits record $6.5bn in Q3, set for strong 2026, says Fitch
The global market for environmental, social and governance sukuk reached a record $6.5 billion in the third quarter, bringing total issuance this year to $13.5 billion, Fitch Ratings said.
IMF expects MENA inflation to ease in 2025 and 2026
Lower energy costs will help inflation ease to 12.2 percent this year and 10.3 percent in 2026 across the Middle East and North Africa, according to the International Monetary Fund.
Madinah advances development projects worth over $53bn
Saudi Arabia’s Madinah region is advancing more than 224 development projects valued at over SR200 billion ($53 billion), underscoring the Kingdom’s accelerating investment drive, according to a new report.
Saudi ride-hailing trips surge 78% in Q3, topping 39m
Saudi Arabia’s ride-hailing sector witnessed a major surge during the third quarter of 2025, reaching 39.04 million trips thanks to a 78 percent year-on-year increase, according to the Transport General Authority.
PIF’s Soudah Development partners with FII Institute to boost sustainable tourism
Saudi Arabia’s Public Investment Fund–owned Soudah Development has signed a strategic partnership with the Future Investment Initiative Institute to advance sustainable investment and tourism in the Aseer region.
Closing Bell: Saudi main index closes in red at 11,546
Saudi Arabia’s Tadawul All Share Index slipped on Tuesday, falling 98.75 points, or 0.85 percent, to close at 11,545.80.
Conference on judicial and legal cooperation kicks off
The first Gulf conference on the future of judicial, legal and legislative cooperation among the Gulf Cooperation Council (GCC) countries commenced Tuesday in Kuwait, with the participation of the heads of supreme and cassation courts from GCC member states.
Kuwait and Kozo ink deal for wastewater treatment plant
Minister of Public Works Dr Noura Al-Mashaan on Tuesday signed a contract with the Turkish company Kozo for the construction, operation, and maintenance of a wastewater treatment plant in South Al-Mutlaa City, along with its complementary works.
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