| Saudi Arabia’s Capital Market Authority invites feedback on new funds regulations
Saudi Arabia’s Capital Market Authority is inviting feedback on proposed amendments to the Investment Funds Regulations, encouraging stakeholders, market participants, and the public to share their insights. The consultation period will run for 15 calendar days, concluding on Nov. 5. |
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| Closing Bell: Saudi markets close in green at 12,008
Saudi Arabia’s Tadawul All Share Index rose by 1.06 percent, or 125.38 points, to reach 12,008.31 points on Monday. |
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| Al-Baha to build $2bn medical facility thanks to deal signed at Global Health Exhibition
Saudi Arabia’s Al-Baha region is set to develop a medical facility worth over SR7 billion ($2 billion), reinforcing the Kingdom’s commitment to advancing health care infrastructure. |
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| Dammam leads Saudi cities with major gains in Kearney’s global index
The Saudi city of Dammam has emerged as a standout performer in Kearney’s 2024 Global Cities Index, achieving a 19-rank increase in the “Business Activity” dimension. |
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| GCC banks capable of handling potential funding outflows: S&P Global
Gulf Cooperation Council banks are well equipped to manage potential funding outflows in the event of ongoing regional conflicts thanks to strong liquid assets, an analysis has found. |
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| Qatar’s CPI up 0.82% annually in September
Qatar’s consumer price index for September reached 107.82 points, up 0.82 percent year on year, driven by a rise in recreation and culture group costs, new figures revealed. |
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| Saudi Arabia and Spain discuss opportunities in drone and automotive industries
Saudi Arabia is exploring partnerships with Spanish companies in drone technology, automotive components, and geological surveying, as the Kingdom’s industry minister held talks with business leaders in Madrid. |
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| Saudi restaurant and cafe sales boost August POS spending to $15.6bn
Saudi Arabia’s point-of-sale spending reached around SR58.51 billion ($15.6 billion) in August, marking a 9.67 percent rise compared to the same month last year, according to the latest data. |
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| Closing Bell: Saudi main index slips to close at 11,882
Saudi Arabia’s Tadawul All Share Index slipped on Sunday, losing 24.50 points, or 0.21 percent, to close at 11,882.93. |
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| Riyadh sees 19% surge in Grade A office space rents in H1: JLL
Rents for Grade A office spaces in Riyadh reached SR2,090 ($556.43) per sq. meter annually in the first half of this year, a 19 percent increase from the same period in 2023. |
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| Saudi Arabia’s PIF launches new property developer to transform staff housing market
Saudi Arabia’s Public Investment Fund has established a new property developer focused on housing for staff involved in major construction projects. |
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| Saudi Arabia, China forge tourism partnerships to boost investment, travel
Officials from Saudi Arabia and China have begun discussions to enhance tourism ties, boost investment, and expand travel opportunities. |
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| Abu Dhabi announces up to Dh500,000 loan offer for Emiratis
Emiratis who have taken out a loan to build or purchase a house can apply for a top-up of up to Dh500,000 under the Abu Dhabi government's new initiative, it was announced on Saturday. |
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| Oman’s credit balance reaches $81.6bn in August
Oman’s total credit balance in the banking sector grew 3.3 percent in August, reaching 31.4 billion Omani rials ($81.6 billion), official data showed. |
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| Corporate activities drive Saudi bank loans to highest growth rate in 18 months
Saudi bank loans reached SR2.82 trillion ($753.27 billion) in August, representing an annual growth rate of 12.11 percent — the highest in 18 months, according to recent data. |
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| Startup Wrap – Saudi startup ecosystem accounts for 60% of regional funding in September
Saudi Arabia’s startup ecosystem accounted for 60 percent of the Middle East and North Africa region’s funding in September, with $170.8 million raised across 23 deals. |
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| Saudi Arabia and Spain explore opportunities in mining cooperation Previous
Saudi Arabia’s Minister of Industry and Mineral Resources met on Saturday with Spanish Minister of State for Energy, Sara Aagesen Munoz, to discuss deepening mining cooperation between the two nations. |
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| NBK to participate as strategic partner in FII conference in Riyadh
National Bank of Kuwait (NBK) is participating in the eighth edition of the Future Investment Initiative (FII 8th Edition) with a high-level delegation. The event will take place under the Royal Patronage of the Custodian of the Two Holy Mosques, King Salman Bin Abdulaziz Al-Saud, at the King Abdulaziz International Convention Center in Riyadh, from October 29 to 31. |
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| UAE’s economic growth remains robust on reforms, investments
The UAE’s economic outlook for 2025 is positive, supported by ongoing infrastructure development plans including to raise oil and gas production capacity, a still-buoyant real estate and construction sector and surging tourism. |
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| Saudi Arabia’s economy projected to grow by 4.9% in 2025: World Bank
Saudi Arabia’s economy is projected to remain resilient, with the Kingdom’s gross domestic product expected to grow by 1.6 percent this year, accelerating to 4.9 percent by 2025, according to a recent analysis by the World Bank. |
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| Arab markets see growth in select exchanges amid overall regional declines in September: AMF
A smattering of Arab markets saw positive growth in September, despite an overall decline for the region, according to the latest monthly bulletin released by the Arab Monetary Fund. |
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| IMF forecasts Bahrain’s economy to grow by 3% in 2024 amid fiscal reforms
Bahrain’s economy is on track for growth, with gross domestic product expected to expand by 3 percent this year and 3.5 percent in 2025, according to the International Monetary Fund. |
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| Closing Bell: Saudi main index closes in red at 11,907
Saudi Arabia’s Tadawul All Share Index dipped on Thursday, losing 131.24 points, or 1.09 percent, to close at 11,907.43. |
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| Inter Milan secures investment license to establish academies in Saudi Arabia
The Saudi sports sector is set for further development with Inter Milan securing an investment license from the Kingdom’s Ministry of Investment, to establish academies across the country. |
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| Saudi Arabia’s crude production climbs 0.83% to 8.99m bpd: JODI
Saudi Arabia’s crude oil production increased to 8.99 million barrels per day in August, marking a 0.83 percent rise compared to the same month last year, according to the latest data from the Joint Organizations Data Initiative. |
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| Serbia secures $205m loan from Saudi Fund for Development
Serbia has signed a $205 million loan agreement with the Saudi Fund for Development to enhance its agriculture, education, and energy sectors. |
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| Saudi hotel spending rises 2.4% amid broader POS decline: SAMA
Saudi hotel spending rose 2.4 percent in the week of Oct. 6—12 to SR270.7 million ($72.1 million), the only sector to grow amid an overall decline in point-of-sale transactions, official data showed. |
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| Dubai’s warehousing and industrial rental rates surge 13% YoY
Dubai’s warehousing and industrial rental rates have increased by 13 percent year on year, underpinned by strong demand, a new report revealed. |
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| Saudi residential transaction values surge 25% in Q3: Knight Frank
Residential transaction values in Saudi Arabia surged 25 percent year on year in the third quarter of 2024, totaling SR35.4 billion ($9.4 billion), a new report showed. |
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| ADQ to acquire 96% stake in Turkiye’s Odeabank from Bank Audi Consortium
Abu Dhabi’s investment and holding company, ADQ, has signed an agreement with Bank Audi to purchase 96 percent of the share capital in Odeabank, the Turkish subsidiary of the Lebanese institution. |
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| Closing Bell: TASI climbs 37.04 points to close at 12,038
Saudi Arabia’s Tadawul All Share Index increased on Wednesday, gaining 37.04 points, or 0.31 percent, to close at 12,038.67. |
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| Saudi Arabia, Italy to deepen partnership in multiple fields, including aerospace, security
Saudi-Italian ties in aerospace, defense, and security are set to strengthen as officials from both nations discuss expanding their long-standing partnership in these sectors. |
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| Saudi-Egypt trade surges 35.16% in H1 2024
Trade between Saudi Arabia and Egypt saw an annual surge of 35.16 percent in the first half of 2024, according to the General Authority of Statistics. |
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| GAMI, GACA sign deal to enable advanced air mobility in Saudi Arabia
Technology supporting vertical take-off and landing aircraft and unmanned planes will be developed in Saudi Arabia thanks to a new agreement between the Kingdom’s military and aviation authorities.
The General Authority for Military Industries has signed a memorandum of understanding with the General Authority of Civil Aviation to develop advanced technologies and boost industrial capabilities in these areas. |
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| IsDB to finance $3bn in 20 socio-economic projects across 17 countries
The Islamic Development Bank is set to finance over $3 billion for 20 socio-economic development projects across 17 member nations, following its 357th board meeting chaired by President Muhammad Al-Jasser. |
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| Closing bell: Saudi main index rises to 12,002; trading turnover at $1.96bn
Saudi Arabia’s Tadawul All Share Index rebounded on Tuesday, as it gained 41.96 points, or 0.35 percent, to close at 12,001.63. |
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| Saudi inflation steady at 1.7% in September amid rising housing costs: GASTAT
Saudi Arabia’s annual inflation rate hit 1.7 percent in September, compared to the same period last year, driven by rising housing costs, official data showed. |
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| Saudi Arabia’s global pension index score rises amid ongoing reforms: Mercer
Saudi Arabia’s Global Pension Index score improved to 60.5 in 2024, up from 59.5 last year, driven by ongoing reforms, a new analysis showed. |
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| Saudi Arabia, Italy enhance mining ties through investment talks
Saudi-Italian mining relations are set to strengthen following meetings between senior officials in Rome focused on sustainable solutions, clean energy, and attracting investment to the Kingdom’s expanding exploration sector. |
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| Deals worth $28bn across various sectors expected at FII8, says Attias
Deals worth $28 billion are expected to be announced at this year’s Future Investment Initiative, said FII Institute CEO Richard Attias. |
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| Saudi-South African Business Forum sees $25m credit agreement signed to help exporters
A $25 million credit agreement involving the Saudi Export-Import Bank and a major South African financial institution was among the deals struck at a special business forum in Johannesburg. |
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| Closing Bell: TASI sheds points to close at 11,959, Nomu sees 1.28% rise
Saudi Arabia’s Tadawul All Share Index closed at 11,959.67 points on Monday, losing 109.54 points, or 0.91 percent. |
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| Saudi Arabia, Italy to enhance industrial ties during top official’s visit
Saudi Arabia and Italy are set to strengthen their industrial and mining ties thanks to a visit by a senior official of the Kingdom to the European country. |
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| Top German executive sees Saudi facilities management sector doubling by 2030
Saudi Arabia’s facilities management market is set to double in value by 2030, a Dussmann Group executive forecast as the company inaugurated its regional headquarters in Riyadh. |
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| Saudi Arabia’s PIF expands green investments to $19bn across 91 projects
Saudi Arabia’s Public Investment Fund has expanded its green project investment plan to over $19.4 billion, covering 91 eligible projects in areas such as renewable energy and clean transportation. |
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| Qatar’s inbound visitors see annual surge of 24.5%
Qatar recorded a 24.5 percent annual increase in the total number of inbound visitors in August, reaching 328,000, new figures revealed. |
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| Closing Bell: Saudi main index closes in green at 12,069
Saudi Arabia’s Tadawul All Share Index surged on Sunday, gaining 74.99 points, or 0.63 percent, to close at 12,069.21. |
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| Saudi businesses eye opportunities with $2bn in deals amid Pakistan’s economic upturn
Saudi businessmen have expressed hope for successful collaborations in Pakistan, saying the country’s economic stability and improved regulatory framework had made it an attractive investment destination, following the signing of over two dozen deals between companies from both nations. |
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| Saudi Arabia to invest $267bn in logistics to become global hub by 2030: minister
Saudi Arabia is set to invest over SR1 trillion ($267 billion) in its logistics sector, underlining its ambition to become a global hub by 2030, according to a senior official. |
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| Saudi Arabia to appoint private operators to manage 4 airports soon, say Al-Falih
Saudi Arabia is strengthening the role of private entities in the logistics and transport sector through various initiatives, including a new investment law, according to a top minister. |