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Press Dossier   By Date  12/09/2023
Saudi Arabia, India sign 47 MoUs to bolster investment landscape
Saudi Arabia and India have signed a bilateral agreement to bolster the investment climate in both countries, said a senior minister at an ongoing investment meet in New Delhi.
Saudi manufacturing activity rises 8.7% in July: GASTAT
Saudi Arabia’s manufacturing activity surged by 8.7 percent in July compared to the same period the previous year, as indicated by the latest report from the General Authority for Statistics.
Saudi, Indian banks sign MoU to bolster trade
In a bid to boost the export of products and services, Saudi Arabia and India signed a memorandum of understanding on Monday, the Saudi Press Agency reported.
Saudi tourism fund to finance, develop Ritz-Carlton resort in Alkhobar
Tourism and hospitality in Alkhobar will soon receive a significant boost with a government fund planning to finance and develop the Ritz-Carlton property in the city, according to the Saudi Press Agency.
Closing bell: TASI rises 81 points to 11,235.14, books trading turnover of $1.7bn
Saudi Arabia’s Tadawul All Share Index closed at 11,235.14 points on Monday, gaining 81.09 points or 0.73 percent.
Saudi Venture Capital invests $4.99m in VentureSouq
Early-stage fintech startups in Saudi Arabia are set to receive a boost as Saudi Venture Capital has announced its intention to invest up to SR18.75 million ($4.99 million) in a dedicated fund managed by VentureSouq, according to a press statement.
Saudi national funds inject $3.7bn in financing to boost local economy
In an effort to bolster the local economy, Saudi Arabia’s National Development Fund, along with its affiliated financial institutions, has provided substantial financing totaling SR14.1 billion ($3.7 billion) in the first half of 2023.
Kuwait Cabinet approves draft decree establishing College for Fire Services
Kuwait Cabinet on Monday approved a draft decree establishing a College for Fire Services and referred it to His Highness Deputy Amir and Crown Prince Sheikh Mishal Al-Ahmad Al-Jaber Al-Sabah.
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