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Press Dossier   By Date  06/12/2025
Saudi POS transactions see 20% surge to hit $4bn: SAMA
Saudi Arabia: Saudi Arabia’s total point-of-sale transactions surged by 20.4 percent in the week ending Nov. 29, to reach SR15.1 billion ($4 billion).
Saudi nonprofit revenue jumps 22% to $19.5bn: GASTAT
Saudi Arabia: Saudi Arabia’s nonprofit organizations posted a 22 percent rise in revenue in 2024, reaching SR73.1 billion ($19.48 billion) as activity accelerated across the education, health and cultural sectors, according to new government data.
GCC firms set for steady growth in 2026 on demand, lower rates, Moody’s says
Saudi Arabia: Companies in the Gulf Cooperation Council are poised to extend their growth momentum into 2026 as strong demand, easing interest rates and supportive government policies bolster operating conditions, according to a new report.
World Bank lifts Saudi growth forecast to 3.8%, highlights Gulf’s digital leap
Saudi Arabia: The World Bank has upgraded its 2025 economic growth forecast for Saudi Arabia to 3.8 percent, an increase from its previous estimate of 3.2 percent, citing renewed momentum in both oil and non-oil sectors.
PIF’s SBIC inks deal with Mumtalakat to explore investment opportunities
Saudi Arabia: The Saudi Bahraini Investment Co., owned by the Kingdom’s Public Investment Fund, has signed an agreement with Mumtalakat, Bahrain’s sovereign wealth fund, to enhance cooperation and investment in strategic sectors.
Beyon submits master plan for $1.5bn Digital City
Bahrain: Beyon announced on the sidelines of Gateway Gulf 2025 that the comprehensive Master Plan for Digital City Bahrain, which will be located at Beyon’s headquarters in Hamala, has been submitted to the Urban Planning and Development Authority (UPDA).
Over Half of Dubai property deals cash-based says report
United Arab Emirates: Over half of Dubai property deals are cash based, keeping market stable amid global monetary shifts, says a new report.
Mena Biofuels, Saybolt to set up SAF testing lab in Fujairah
United Arab Emirats: Mena Biofuels has formalised a landmark agreement with Saybolt International, a global leader in testing, inspection and certification, to establish the UAE’s first independent sustainable aviation fuel (SAF)
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