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Press Dossier   By Date  24/05/2025
Savings deposits hit highest share in 16 years as Saudi money supply climbs to $815bn
Saudi banks’ money supply rose 8.22 percent year on year to SR3.06 trillion ($815 billion) in March, driven by a sharp surge in time and savings deposits, recent data showed.
Saudi Arabia doubles funding to Union of Arab Chambers
Saudi Arabia has doubled its financial contribution to the Union of Arab Chambers, a decisive move aimed at reinforcing regional economic integration and boosting private sector cooperation across the Arab world.
Saudi Arabia launches global platform to shape future of tourism
Saudi Arabia has launched TOURISE, a global platform connecting leaders in tourism, tech, investment, and sustainability, as it positions itself to shape future travel policy and innovation.
Closing Bell: Saudi main index ends lower at 11,188
Saudi Arabia’s Tadawul All Share Index closed in the red on Thursday, falling 114.94 points, or 1.02 percent, to settle at 11,188.74.
Qatar tourism sector accounts for 8% of GDP, official says
Qatar’s tourism industry contributed 55 billion Qatari riyals ($15.1 billion) to the country’s gross domestic product in 2024, accounting for 8 percent of total economic output, according to a senior official.
Saudi Arabia’s Matarat, Thales sign deal to transform air travel experience
Matarat Holding, the state-owned company responsible for managing Saudi Arabia’s airports, has signed a strategic agreement with French aerospace and defense giant Thales to advance the Kingdom’s aviation sector through cutting-edge digital technologies.
Saudi Arabia, Spain sign MoU to boost SME sectors and deepen economic ties
Saudi Arabia and Spain are set to strengthen cooperation between small- and medium-sized enterprises thanks to a wide-ranging agreement across key sectors.
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