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Press Dossier   By Date  28/03/2024
Saudi Arabia’s private equity market sees $4bn in transactions
Saudi Arabia’s private equity sector has been on an upswing for the past five years, culminating in transactions worth $4 billion in 2023, according to MAGNiTT.
Dubai sees 550% annual rise in global SMEs attracted to the emirate
Asian and Australian businesses helped fuel a 550 percent annual rise in small and medium enterprises setting up in Dubai in 2023, according to a report.
Saudi ADES inks $66m deal to ramp up production in Egyptian oil fields
The production of Egyptian oil fields is poised to surge following a $66 million investment deal between Saudi drilling firm ADES and the subsidaries of the country’s petroleum corporation.
Public entities empowered for investment initiatives after Saudi Cabinet ruling
Public entities in Saudi Arabia can now participate in the establishment of investment companies or profitable ventures following the approval of regulations by the Council of Ministers.
Closing Bell: Saudi main index closes in green at 12,607
Saudi Arabia’s Tadawul All Share Index rose on Wednesday, gaining 22.44 points, or 0.18 percent, to close at 12,607.98.
Dubai drives UAE real estate sector to record $208bn in transactions
Real estate transactions in four of the UAE’s emirates surged in 2023 as they recorded a combined 22.6 percent annual increase in value – totaling 765.1 billion dirhams ($208.34 billion).
Gulf Bank expands ‘Ayadi’ service to branches and ITMs
Gulf Bank is spreading the joy of Eid Al-Fitr with its customers and the public, by extending its “Ayadi” service to most of its branches and ITMs across Kuwait. The “Ayadi” service is now available at most of Gulf Bank branches, totaling over 50 in number.
Saudi Arabia, China sign deal to boost cultural cooperation
Saudi Arabia and China on Wednesday signed an agreement to enhance cooperation across multiple cultural sectors during a visit to Beijing by the Kingdom’s culture minister.
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