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Press Dossier   By Date  16/06/2025
Saudi Arabia’s Almarai to acquire Pure Beverages Industry Co. in $277m deal
Saudi dairy giant Almarai has signed an agreement to fully acquire Pure Beverages Industry Co. for SR1.04 billion ($277 million), aiming to diversify its offerings and enhance its market position.
Closing Bell: Saudi main index retreats to 10,731.59
Saudi Arabia’s Tadawul All Share Index fell on Sunday, declining 109.35 points, or 1.01 percent, to close at 10,731.59.
Saudi inflation holds steady at 2.2% in May
Saudi Arabia’s annual consumer inflation edged up to 2.2 percent in May, with rental prices emerging as the principal driver behind the increase.
Gulf markets fall as Israel-Iran conflict escalates
Stock markets across the Gulf fell on Sunday morning after Israel and Iran launched fresh attacks on each other overnight, sparking fears of a widening conflict in the Middle East.
ACWA Power advances $1.8bn capital increase plan to boost global expansion, says CFO
Saudi utility giant ACWA Power is moving forward with its SR7 billion ($1.8 billion) capital increase as part of a broader strategy to expand its footprint in energy transformation, water desalination, and green hydrogen production, according to its chief financial officer.
Oman residential property prices jump 7.3% in Q1 on land demand
Oman’s residential property prices climbed 7.3 percent year on year in the first quarter of 2025, led by a sharp increase in residential land values, official figures showed.
UAE posts 4% GDP growth in 2024 as economic diversification accelerates
The UAE’s gross domestic product reached 1.77 billion dirhams ($481.4 billion) in 2024, recording 4 percent growth, with non-oil sectors contributing 75.5 percent of the total, highlighting diversification progress.
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