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Press Dossier   By Date  30/03/2024
UAE, Saudi Arabia ranked as leading global entrepreneurial ecosystems
The UAE and Saudi Arabia have been ranked first and third respectively in the Global Entrepreneurship Monitor report for 2023-2024.
Saudi e-commerce thrives as sales using Mada cards reach $3.76bn in February
Saudi e-commerce sales using Mada cards reached SR14.11 billion ($3.76 billion) in February – an annual increase of 25 percent, the Kingdom’s central bank has revealed.
Saudi Arabia, Azerbaijan discuss climate action cooperation ahead of COP29
Saudi Arabia’s Minister of Energy Prince Abdulaziz bin Salman met with Azerbaijan’s Minister of Environment and Natural Resources Mukhtar Babayev on Thursday.
Foreign direct investment inflows to Saudi Arabia hit $5.17bn
Foreign direct investment inflows to Saudi Arabia rose 17 percent in the fourth quarter of 2023 compared to the previous period, according to recent data.
Closing Bell: Saudi main index slips to close at 12,565
Saudi Arabia’s Tadawul All Share Index slipped on Thursday, losing 42.09 points, or 0.33 percent, to close at 12,565.89.
New service at Jeddah port to boost Saudi-India trade
Saudi and Indian traders are set to benefit from Jeddah Islamic Port’s new service, bolstering trade connectivity between the nations.
ACWA Power signs $800m water purchase agreement with Senegal
Saudi energy giant ACWA Power has signed an SR3 billion ($800 million) agreement with Senegal’s Ministry of Water to develop a desalination plant.
Regional startups join forces to further propel the ecosystem
Startups across the Middle East and North Africa region are increasingly collaborating through strategic partnerships to enhance the entrepreneurial ecosystem.
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