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Saudi Arabia
MENA
Saudi Arabia’s real estate price index rises 2.6 percent in Q3 2024, fueled by residential and commercial growth
The residential sector was the main contributor to this overall increase, experiencing a 1.6 percent annual growth
Hospitality & Tourism
NEOM opens Sindalah: A new luxury travel destination in the Red Sea
Set to welcome up to 2,400 guests per day by 2028, the unique island will generate around 3,500 jobs
Economy
Saudi Arabia’s FDI inflows hit $25.5 billion in 2023, surpass National Investment Strategy target by 16 percent
FDI inflow reached 2.4 percent of Saudi Arabia's GDP in 2023
Banking & Finance
Seamless Saudi Arabia 2024: Mastercard’s new infrastructure aims to support a secure digital payments ecosystem in Kingdom
This infrastructure and tailored services will enable secure, efficient processing of local ecommerce transactions
Miscellaneous
Saudi Arabia’s Crown Prince Mohammed bin Salman meets King of Jordan to enhance cooperation
The meeting also saw the participation of Crown Prince Al-Hussein bin Abdullah II
Economy
Oil prices decline amid rising U.S. inventories, ongoing Middle East tensions
Brent crude futures for December fell 0.4 percent, settling at $75.75 per barre
Energy
Global oil demand to reach over 100 million barrels per day by 2050: Saudi Aramco
CEO noted that Asia's energy transition is lagging, marked by less equity and greater complexity than expected
Markets
Seven GCC IPOs raise $1.7 billion in Q3 2024, UAE leads growth with $1.1 billion
Saudi Arabia’s IPO proceeds reached $512 million during the quarter with six offerings
Energy
Saudi flynas partners with VCM on carbon offsetting, environmental protection, and sustainability
The deal supports the Kingdom's climate ambitions to achieve net zero emissions
Banking & Finance
Saudi Aramco CEO advocates for revised energy transition plan addressing Asia’s needs
Nasser noted that Asia and the Global South are often overlooked in transition plans, impacting the world
Industry
Saudi Arabia’s PIF launches Sarcc to meet growing staff accommodation demand
Company will foster the Saudi private sector by enabling long-term investment and partnership along the industry's value chain
Banking & Finance
Middle East sustainable bond issuances hit $16.7 billion in first nine months of 2024: S&P
Total volume of sustainable sukuk globally reached $7.1 billion in the first nine months of 2024, down 11 percent year-on-year
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