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Q2 global IPO activity experienced 15 percent drop in offerings and 31 percent decline in proceeds
TAQA's revenues rose 2 percent annually to AED27.2 billion mainly due to the contribution from SWS Holding
So far, 25 aircraft have been retrofitted, with 17 more to undergo the upgrade by December 2024
Saudi Arabia's FDI inflows rose by 158 percent, from $7.46 billion in 2017 to $19.3 billion in 2023
The operating environment score for the sector has been rated 'bbb+'
Fed's decision to hold rates for the seventh time impacted performance of global financial markets and Arab stock exchanges
In May 2024, the port set a new container throughput record of 292,612 TEUs
This is part of the Kingdom's strategy to build a sustainable digital future optimizing resource use
The new revisions encompass 38 articles, removing seven articles, and adding two new articles to the law
Brent crude oil futures for October delivery fell 0.5 percent to $76.13 per barrel
The deal includes a $750 million convertible preferred investment and a $750 million unsecured term loan
Oil company's revenues reached $220.73 billion in H1, up 0.9 percent from $214.38 billion during the first half of 2023
The start of Q3 saw both output and new orders expand to a lesser degree
The total number of inbound tourists reached 27.4 million tourists in 2023, setting a new record high for Saudi Arabia
OPEC+ is currently cutting output by 5.86 million barrels per day or about 5.7 percent of global demand
Qatar’s travel and tourism sector is set to contribute $25 billion to the country’s economy this year
The proposed agreement aims to enhance cooperation, streamline investment regulations, and create new jobs
The UAE and Saudi Arabia reported 94 deals, accounting for 61 percent of the overall domestic M&A deal volume
Data showed that the bank's net foreign assets in June were around SAR1.670 trillion
Saudi Arabia's GDP contracted by 0.4 percent annually primarily driven by the 8.5 percent annual decline in oil activities
This achievement reflects the commitment to operational excellence, says Riyadh Airports Company
Stadium to feature royal box with 150 seats, 120 hospitality suites, 300 VIP seats, and 2,200 seats for dignitaries
Smart cities in the Kingdom have relied on AI and IoT technologies to enhance quality of life
The report noted strong performance in the fuel and tourism sectors
