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Press Dossier   By Date  14/07/2025
Saudi financial ecosystem hits $267bn milestone in 2024 in line with Vision 2030
Saudi Arabia’s financial sector recorded exceptional growth in 2024, with fintech firms reaching 261, venture capital investment in the sector exceeding SR7.6 billion ($2.03 billion), and gross written premiums in insurance climbing to SR76.1 billion.
Saudi Arabia issues over 1,300 new industrial licenses in 2024: Ministry report
Saudi Arabia has issued 1,346 new industrial licenses in 2024, attracting over SR50 billion ($13.3 billion) in new investments, a recent report revealed.
Majority Saudis use AI tools to make travel decisions: Survey
Saudi travelers are increasingly relying on smart technologies, with 87 percent using generative artificial intelligence tools like ChatGPT and Gemini to plan and manage their vacations, according to a survey.
GCC expats can now invest directly in Saudi main market
Residents of Gulf Cooperation Council countries, including expatriates, can now directly invest in Saudi Arabia’s main stock market for the first time, under new regulations announced by the Capital Market Authority.
Closing Bell: Saudi main index ends lower at 11,253
Saudi Arabia’s Tadawul All Share Index slipped on Sunday, shedding 24.01 points, or 0.21 percent, to close at 11,252.90.
Oman tourism revenues hit $5.5bn in 2024
Oman’s tourism sector contributed over 2.12 billion rials ($5.51 billion) to the Gulf country’s national economy in 2024, up from 1.75 billion rials in 2018, according to official data.
Kuwait unveils major capital market reforms to boost efficiency, attract global investments
Kuwait has introduced a central counterparty clearing framework, upgraded brokerage standards, and streamlined settlement systems as part of a sweeping reform to modernize its capital markets and boost investor confidence.
ACWA Power-led consortium signs $8.3bn deals for massive renewable energy push
A Saudi consortium led by ACWA Power has signed agreements worth SR31 billion ($8.3 billion) to develop seven major solar and wind energy projects with a combined capacity of 15,000 megawatts, the Saudi Press Agency reported on Sunday.
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