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Press Dossier   By Date  09/11/2024
Saudi Central Bank lowers benchmark rate by 25 bps following US Fed decision
Saudi Arabia’s central bank has implemented its second interest rate reduction of 2024, lowering the benchmark by 25 basis points to 5.25 percent.
Saudi bank loans reach highest growth rate in 19 months, surpassing $761bn
Saudi bank loans reached SR2.85 trillion ($760.84 billion) in September, representing an annual growth rate of 12.16 percent — the highest in 19 months, according to recent data.
Riyadh Air plans new jet order decision early next year
Saudi startup Riyadh Air is wading back into the jet market after buying dozens of Airbus and Boeing planes and aims to finalize a new deal involving the industry’s largest twin-aisle jets early next year, its CEO said.
Craft program agreement signed in Jeddah
The Princess Seeta bint Abdul Aziz endowment organization, or Wqfsba, has signed an agreement with the Daam Association for the Care of Divorced Women, Widows and their Children. It aims to support the programs and projects set for 2025, including research collaborations, supporting craft and industrial projects, as well as training and empowering beneficiaries and their children to be self-reliant.
Zain, Kuwait University ink MoU to foster knowledge economy
Zain has signed a Memorandum of Understanding (MoU) with Kuwait University to contribute to fostering the knowledge economy in Kuwait.
Saudi startup boom creates ‘entrepreneurial bridge’ with Egypt
Saudi Arabia’s thriving startup ecosystem has created an entrepreneurial bridge with neighboring countries, attracting a growing number of founders to the nation.
Preserving the Past, Building the Future: Saudi Arabia’s cultural heritage and business synergy
As Saudi Arabia embarks on an ambitious journey toward a thriving economy, the nation is uniquely positioned to harmonize the conservation of its rich cultural heritage with the development of vibrant business opportunities.
Real estate becoming a cornerstone of Saudi Arabia’s economic diversification, experts say
Saudi Arabia’s real estate market has rapidly emerged as a key pillar in the Kingdom’s quest for long-term sustainability and economic growth, benefiting local residents and foreign investors alike, experts have told Arab News.
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