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Industry
Saudi Arabia launches National Automotive and Vehicles Academy, establishes Automotive Manufacturers Association
Training program to produce qualified staff for local car manufacturing companies
Energy
Duqm refinery, a $9 billion joint venture between Oman and Kuwait to launch tomorrow
New refinery boasts a daily refining capacity of 230,000 barrels of crude oil
Banking & Finance
EFG Hermes concludes advisory on Kazyon’s acquisition of 50 percent stake Dukan in Saudi Arabia
Following collaboration in Kazyon's $76.5 million capital raise/private placement in 2014
Economy
Saudi Arabia achieves $16 billion budget surplus in Q4 2023
Due to 40.7 percent YoY decline in government expenditures
Economy
Saudi Arabia’s PIF launches today second private sector forum, unveiling new local business opportunities
Event aims to cultivate partnerships between PIF, its portfolio companies, and the private sector
Markets
MENA IPO market soars with 48 IPOs in 2023, reaping $10.7 billion
Energy and logistics sectors lead as MENA continues to attract global investments
Banking & Finance
ADGM embarks on international roadshow as investor interest rises
Cementing Abu Dhabi's position as a leading international financial center
Economy
CBE launches $1 billion treasury bills
One-year treasury bills aim to attract investors despite rising global rates
Economy
SEF 2024: Invest in Sharjah, SAEED highlight Sharjah’s investment opportunities
Two key players share a joint commitment to empower startups and entrepreneurs
Real Estate
Dubai real estate market records over $9.6 billion in sales in January 2024
Market experienced a YoY growth of 17 percent in recorded sales transactions
Markets
DFM gains $1.91 billion, records its highest levels since April 2015
Leading banking and real estate stocks support the growth of UAE’s financial markets
Industry
Alat: Saudi Arabia’s Crown Prince launches new company with projected $9.3 billion GDP impact by 2030
New company to help turn Kingdom into electronics, advanced industries hub
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