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Press Dossier   By Date  26/12/2024
Saudi non-oil exports jump 12.7% to $6.76bn in October
Saudi Arabia: Saudi Arabia’s non-oil exports surged 12.7 percent year on year in October, reaching SR25.38 billion ($6.76 billion), underscoring the Kingdom’s push to diversify its economy away from oil dependence.
MODON signs $453m in deals to boost Saudi industrial cities
Saudi Arabia: Saudi industrial cities are set for further growth as the sector's authority revealed it has signed 23 development contracts with the private sector, valued at over SR1.7 billion ($453 million).
Saudi Arabia’s food & beverage sales drive $3.14bn in consumer spending
Saudi Arabia: Saudi Arabia’s consumer spending reached SR11.8 billion ($3.14 billion) in the week of Dec. 15 to Dec. 21, with the food and beverage sectors continuing to lead in sales, official data showed.
Federation of Saudi Chambers announces launch of 1st joint Saudi-Kuwaiti Business Council
Saudi Arabia: Economic cooperation between Saudi Arabia and Kuwait will soon prosper thanks to the establishment of the first joint council between the two countries.
Kingdom Holding buys $400m stake in Musk's AI company
Saudi Arabia: Kingdom Holding Company (KHC), a Saudi conglomerate with interests in key sectors such as hotel management, real estate and equity, has announced that it has acquired a key stake in xAI Corporation, an artificial intelligence company founded by Elon Musk and a team of global engineers, for SAR1.5 billion ($400 million) through participation in the Series C funding round.
Abu Dhabi Fund offers $40m loan for Maldives airport project
United Arab Emirates: Abu Dhabi Fund for Development (ADFD) has announced an additional loan of AED147 million ($40 million) to the island nation of Maldives to support the completion of its Velana International Airport project.
AD Ports Group completes restructuring of Noatum Group Assets
United Arab Emirates: AD Ports Group today announced the completion of the biggest restructuring in its corporate history, integrating the assets of recently acquired Noatum Group into its existing business structure.
ADFD extends additional AED147 million loan to complete Velana International Airport development in Maldives
United Arab Emirates: Abu Dhabi Fund for Development (ADFD) has announced an additional loan of AED 147 million (US$40 million) to support the completion of the Velana International Airport project in the Maldives.
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