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Press Dossier   By Date  20/03/2024
Saudi PIF ranked 2nd among GCC’s sovereign wealth funds with $925bn in assets
Saudi Arabia’s Public Investment Fund has soared in an annual global ranking of sovereign wealth organizations, thanks to a 55 percent increase in assets under management.
Saudi EXIM exceeds annual credit facilities target by 33%
The total value of credit facilities implemented by the Saudi Export-Import Bank in 2023 reached SR16.5 billion ($4.39 billion), exceeding the annual target by 33 percent.
Saudi Arabia offers $182m incentive package for mining investors
Investors eyeing opportunities in Saudi Arabia’s mining sector stand to gain from a new incentive package totaling nearly SR685 million ($182 million) in financial facilitation.
Closing Bell: TASI up for 3rd consecutive day to close at 12,804
Saudi Arabia’s Tadawul All Share Index edged up for the third consecutive day, as it gained 31.54 points to close at 12,804.
Dubai annual inflation eases to 3.36%
Annual inflation in Dubai experienced a modest decrease in February, marking a deceleration to 3.36 percent from January’s rate of 3.6 percent, according to official data.
Saudi Cabinet hails economic progress after non-oil activity boost
Saudi ministers hailed the country’s economic progress after last week’s announcement that non-oil activity made up half of the Kingdom’s gross domestic product in 2023.
Dubai realty on track to deliver 34,000 units in 2024
The UAE’s real estate sector is expected to continue its upward trajectory in 2024 despite a softening global outlook, with Dubai and Abu Dhabi on track to deliver approximately 34,000 units and 8,000 units respectively, according to experts at a panel discussion.
Saudi Arabia closes its March sukuk issuance at $1.18bn
Saudi Arabia concluded its riyal-denominated sukuk issuance above the $1 billion mark for the fourth consecutive month in March, government data showed.
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