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Press Dossier   By Date  06/05/2024
Saudi Arabia posts budget deficit of $3.3bn in Q1 2024
Saudi Arabia’s non-oil revenues rose by 9 percent to reach SR111.51 billion ($29.73 billion) in the first quarter of 2024 as compared to the same period in 2023, the Ministry of Finance said.
Saudi Arabia’s non-oil sector maintains growth with steady PMI of 57 in April
Saudi Arabia’s non-oil private sector continued its growth momentum in April, driven by strong demand conditions across domestic markets, as indicated by an economic tracker.
Saudi Arabia’s car imports surge to 160k over last 2 years: official figures
Saudi Arabia’s car imports in 2023 hit 93,199, utilizing all modes of transportation — land, sea, and air — reflecting nearly a 40 percent growth from the previous year.
Saudi Rasan to offer 30% shares for IPO on Tadawul
Saudi-based fintech Rasan Information Technology Co. is set to offer 22.74 million shares for an initial public offering on the Kingdom’s main market.
Closing bell: Saudi main index rises to close at 12,373
Saudi Arabia’s Tadawul All Share Index rose on Sunday, gaining 20.78 points, or 0.17 percent, to close at 12,373.11.
Saudi bank loans increase by 11% in March to hit $712bn, fueled by real estate activities
Saudi banks’ loans totaled SR2.67 trillion ($711.5 billion) in March, marking an 11 percent increase as compared to the same month in 2023, according to the latest official data.
Kuwait’s non-oil sector steadies in April, UAE maintains growth
Non-oil activities in Kuwait demonstrated steady growth in April, buoyed by effective advertising and competitive pricing, supporting the expansion in new orders, an economy tracker revealed.
UAE’s Mubadala Capital plans $13.5bn investment in Brazil’s biofuel sector
Brazil’s biofuel market is set for substantial growth as UAE’s Mubadala Capital has committed to invest $13.5 billion over the next decade.
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