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Press Dossier   By Date  16/01/2025
Closing Bell: Saudi main index closes in green at 12,212
Saudi Arabia’s Tadawul All Share Index rose on Wednesday, gaining 39.49 points, or 0.32 percent, to close at 12,212.24.
Saudi Arabia, Australia set to enhance mining ties, says business council head
Saudi Arabia and Australia are poised to enhance cooperation in the mining sector with the launch of an inaugural bilateral forum this year, a senior official has announced.
Saudi Arabia unveils major gold, copper discoveries in Arabian Shield
Saudi Arabia has announced significant gold and copper discoveries in the Arabian Shield region, a move set to bolster its global mining ambitions and strengthen the country’s economic diversification efforts.
Saudi ministry records 7,521 tourism violations
Saudi Arabia’s Ministry of Tourism revealed the results of its third-quarter 2024 inspections, involving 9,655 checks on hospitality facilities and tourism activities across the Kingdom.
Taxes will target commodities harmful to human health: Kuwait's Finance Minister
Minister of Finance, Minister of State for Economic Affairs and Investments Nora Al-Fassam said her department is preparing the selective taxation law targeting commodities harmful to human health, with projections the levies would reap KD 200 million ($648.3 million) per year.
Preliminary data show Kuwait GDP fell in Q3 2024, but historical figures revised stronger
Preliminary Central Statistical Bureau (CSB) estimates show non-oil GDP in Q3 2024 declined by 2.5 percent y/y after a solid H1 and driven by contractions in manufacturing and public administration and defense output.
Horeca Kuwait offers new opportunities for diversifying economy
The 13th edition of the Horeca Kuwait Exhibition opened Tuesday under the patronage of the Minister of Information, Culture, and Minister of State for Youth Affairs Abdulrahman Al-Mutairi. Organized by Leaders Group for Consulting and Development at the Kuwait International Fairgrounds, the event brings together hundreds of local and international experts in the hospitality and tourism sectors.
Kuwait Ports Authority to enter world of smart ports
Sheikh Khaled Salem Abdulaziz Al-Sabah, Director General of Kuwait Ports Authority, stated that the authority is preparing to enter the realm of smart ports, with the goal of improving its position in the port management and operations sector.
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