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SAUDI ARABIA EMARATES BAHRAIN KUWAIT OMAN QATAR

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Press Dossier

By Date

15/01/2025

	Global sukuk issuance set to reach $200bn in 2025: S&P Global Global sukuk issuance is projected to hit between $190 billion and $200 billion in 2025, driven by increased activity in key markets such as Saudi Arabia and Indonesia, according to a recent analysis from S&P Global.
	Saudi firm Halo AI closes $6m seed round Saudi Arabia’s focus on artificial intelligence is starting to take shape after local firm Halo AI secured $6 million in seed funding.
	Saudi e-commerce sales using Mada cards reach $4.65bn in November Saudi Arabia’s e-commerce sales using Mada cards reached SR17.44 billion ($4.65 billion) in November 2024, a year-on-year growth of 29.4 percent, according to recent data from the Saudi Central Bank.
	Saudi-Finland ties hold ‘almost unlimited potential,’ says Finnish minister Mining presents significant opportunities for collaboration between Saudi Arabia and Finland, a senior Finnish minister stated, emphasizing the “almost unlimited potential” of their bilateral relationship.
	Saudi aviation authority imposes $5m in fines in 2024 The General Authority of Civil Aviation issued 542 fines totaling SR18.8 million ($5 million) in 2024 for violations of civil aviation law, its regulations, and authority instructions, the Saudi Press Agency reported.
	Gulf Bank’s Islamic shift, KD 1.5bn value key achievements as Bader Al-Kharafi steps down Gulf Bank Chairman Bader Nasser Al-Kharafi announced his decision to step down, reflecting on the remarkable milestones achieved during his tenure, including efforts to transform of Gulf Bank into an Islamic institution.
	NBK introduces new banking experience with ATMs tailored to customers’ needs As it strives to give customers a better experience tailored to their needs, in alignment with the 2025 Consumer Banking Digital Transformation Strategy, National Bank of Kuwait (NBK) has announced introducing CXBanking, an ATM client application that extends a traditional client software into a modern, web enterprise environment, on all its ATMs across Kuwait, in collaboration with NCR ATLEOS.
	Bahrain and Kuwait discuss cooperation in women’s rights Assistant Foreign Minister for Human Rights Affairs, Ambassador Sheikha Jawaher Ibrahim Al-Duaij Al-Sabah, met with her Bahraini counterpart, Ambassador Dr Arwa Al-Sayed, to discuss enhancing cooperation between Kuwait and Bahrain in the field of human rights, with a particular focus on women’s issues.

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