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SAUDI ARABIA EMARATES BAHRAIN KUWAIT OMAN QATAR

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Press Dossier

By Date

31/12/2024

	Saudi banks’ mortgage lending surges to near 3-year high of $2.7bn Saudi banks issued SR10.06 billion ($2.7 billion) in new residential mortgages in November, a 51.23 percent increase compared to the same month last year, according to recent data.
	Saudi Arabia’s net FDI rises by 37% to over $4bn Saudi Arabia’s net foreign direct investment saw a quarter-on-quarter rise of 37 percent in the three months to the end of September, according to the General Authority of Statistics.
	Tourist spending in Saudi Arabia up 27%, reaching nearly $7bn Tourism spending in Saudi Arabia saw an annual increase of 27.25 percent in the three months to the end of September, hitting SR25.05 billion ($6.68 billion), according to new figures.
	Startups of the Year: Zid and Salla revolutionize Saudi Arabia’s e-commerce landscape E-commerce in Saudi Arabia witnessed a landmark year in 2024, with startups Zid and Salla leading the charge to reshape the Kingdom's — and region’s — digital economy.
	Saudi Arabia’s unemployment rate hits 3.7%: GASTAT Saudi Arabia’s unemployment rate dropped to 3.7 percent in the third quarter of 2024, down 0.5 percentage points from last year, official data showed.
	ACWA Power expands into China with over 1GW of renewable energy projects Saudi utility giant ACWA Power has announced its successful expansion into China, securing over 1 gigawatt of renewable energy projects.
	Closing Bell: Saudi indices close in green for second day in a row Saudi Arabia’s Tadawul All Share Index gained 0.91 percent, or 108.17 points, to reach 12,000.92 points on Monday.
	Qatar surpasses 2024 visitor target welcoming 5m travelers Qatar welcomed 5 million visitors in 2024, surpassing its target of 4.79 million and marking a 25 percent increase in international arrivals compared to the previous year.

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