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Banking & Finance
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Saudi Arabia’s entrepreneurial drive is at an eight-year high
Oil revenues gained 30 percent in Q3 of 2024 year-on-year to SAR190.866 billion while non-oil revenues rose 6 percent
Saudi Arabia, Vietnam promoting JVs and SMEs through strategic MoU for enhanced trade and investment
The agreement focuses on sectors with considerable growth potential, including industry, services, and the digital economy
The funds will create jobs, boost the economy, and enhance Serbia’s global standingÂ
Saqr Fund II aims for a total size of $90 million and will focus on early-stage startups, ranging from pre-seed to pre-Series BÂ
This transaction marks AviLease's first partnership with BBAM, adding its first Boeing 787-9 on operating lease
Energy
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Macroeconomic impact of the entire energy sector is estimated to represent 40 percent of the Kingdom’s GDP
The funds will create jobs, boost the economy, and enhance Serbia’s global standingÂ
Energy park seeks to contribute more than $6 billion to the Kingdom’s GDP annually and create up to 100,000 direct and indirect jobs
Issuance comes after Aramco raised $6 billion from its first bond issuance in three years in July
Aramco will fully fund the transaction which will increase its interest in MidOcean
Seasonally adjusted real GDP rose by 1.4 percent compared to the first quarter of 2024
Health
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800+ development projects have been funded by SFD since inception
Integrating health, justice and sustainability in decision-making promotes health sector's growth
Will strengthen bilateral cooperation in healthcare and medical services
Agreements mark significant step towards health and pharmaceutical security
Testing blood for p-tau217 could provide accurate Alzheimer’s screening before symptoms manifest
Insurance will become part of the employer’s contract
Industry
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Outbound containers experienced a notable 14 percent increase, reaching 254,832 containers
Saudi Arabia, Vietnam promoting JVs and SMEs through strategic MoU for enhanced trade and investment
The agreement focuses on sectors with considerable growth potential, including industry, services, and the digital economy
The partnership outlines initiatives to transfer advanced technology and modernize industrial processesÂ
This represents a $505.86 million increase over the previous year
This volume was handled by over 70 licensed logistics companies, ensuring secure and confidential deliveryÂ
The Kingdom’s ports have made notable advancements, achieving, in August, 15th place globally in annual container handling
Logistics
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During the conference, Al-Jasser introduced the Asasat Program, which aims to localize the rail industry in Saudi Arabia
SRSA aims to cultivate a dynamic coastal tourism sector that contributes to realizing the goals of Vision 2030
Saudi Arabia’s presence highlights the growing interest from European and American travelers as a winter sun destination
Outbound containers experienced a notable 14 percent increase, reaching 254,832 containers
18 road projects are currently underway, with a total length of up to 516 km and a value of SAR1.5 billion
Saudi Arabia's aviation cargo also achieved significant growth, with the amount of cargo carried rising by 52 percent this year to 974,000 tons
Markets
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The IPO consisted of 15.39 million ordinary shares, accounting for 30 percent of the company’s total issued share capital
The price range for the offering was set between SAR5 and SAR5.30
Issuance comes after Aramco raised $6 billion from its first bond issuance in three years in July
The visit aims to boost cooperation in industry and mining, strengthen bilateral relations, and attract investments to the Kingdom
Aramco will fully fund the transaction which will increase its interest in MidOcean
The company set the final offer price at SAR66 per share, indicating a market capitalization of $903Â million
Miscellaneous
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Season features five main areas: Boulevard World, Kingdom Arena, Boulevard City, The Venue and Al-Suwaidi Park
The funds will create jobs, boost the economy, and enhance Serbia’s global standingÂ
This aid reflects the Kingdom's commitment to ongoing humanitarian efforts for individuals and nations in need
The IPO consisted of 15.39 million ordinary shares, accounting for 30 percent of the company’s total issued share capital
This initiative is part of SAMA's supervisory responsibilities aimed at ensuring the stability and growth of the financial sector
The event showcased over 500 Amazon Echo devices with Alexa during the 94th Saudi festivities
Real Estate
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Riyadh has recorded the highest national increase in Grade A office lease rates over the last 12 months at 31 percent
The second day saw the announcement of an impressive $3.36 billion worth of new projects and strategic agreements in the Kingdom
Total number of real estate transactions across all asset classes surged by 38 percent to just over 106,700 in the first half of 2024
The residential sector began strong in H1 2024, delivering 27,500 units in Riyadh and JeddahÂ
The sales surge is linked to the company’s launch of multiple housing projects across the Kingdom
Over the last 12 months, residential real estate transaction volumes in Riyadh rose by 49 percent
Telecom
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This agreement with Saudi Arabia is TRAI’s 20th bilateral deal, boosting telecom cooperation between India and the GulfÂ
Group's net profit surged by 44.50 percent to SAR3.28 billion
PIF to acquire 51 percent stake in TAWAL from stc Group
The two companies extended the managed services partnership for another three years
The deal aims to create a neutral host ecosystem, allowing service providers to share infrastructure
