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Press Dossier   By Date  23/06/2025
Saudi culture sector to triple GDP share to $48bn by 2030, says minister
Saudi Arabia plans to raise the cultural sector’s contribution to gross domestic product to 3 percent — or SR180 billion ($48 billion) — by 2030, up from under 1 percent, according to Minister of Culture Prince Badr bin Abdullah bin Farhan.
Gulf visitor spending to hit $224bn by 2034, GCC-Stat says
Visitor spending in Gulf Cooperation Council nations is projected to reach $223.7 billion by 2034, driven by economic diversification, mega-projects, infrastructure upgrades, and relaxed visa policies, new data showed.
Saudi Arabia surpasses 116m tourists in 2024, exceeds goal for 2nd year
Saudi Arabia welcomed 116 million tourists in 2024, exceeding its annual visitor target for the second year in a row, the official data showed.
Air France eyes daily Paris-Riyadh flights amid soaring demand
Air France is planning to operate daily flights between Paris and Riyadh, a senior airline official told Arab News in an exclusive interview.
Closing Bell: Saudi main index edges down 0.34% to close at 10,574
Saudi Arabia’s Tadawul All Share Index edged lower on Sunday, falling 36.44 points, or 0.34 percent, to close at 10,574.27.
Most Gulf markets trade up, unfazed by rising regional tensions as US strikes Iran
Most stock markets in the Gulf were trading higher on Sunday, relatively unscathed by escalating tension in the region following US strikes on Iranian nuclear sites, as investors assessed the potential economic impact of the conflict.
Giga-projects power 6.4% jump in Saudi Arabia’s Q1 cement sales to 13.4m tonnes
Cement sales in Saudi Arabia climbed 6.4 percent year on year in the first quarter of 2025 to 13.4 million tonnes, driven by a construction surge tied to Vision 2030 megaprojects.
Saudi Arabia, Kuwait sign MoU to boost anti-money laundering efforts
Saudi Arabia and Kuwait have signed a memorandum of understanding to bolster cooperation in the fight against money laundering and the financing of terrorism, reinforcing regional efforts to strengthen financial security.
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