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Press Dossier   By Date  17/10/2024
Saudi hotel spending rises 2.4% amid broader POS decline: SAMA
Saudi hotel spending rose 2.4 percent in the week of Oct. 6—12 to SR270.7 million ($72.1 million), the only sector to grow amid an overall decline in point-of-sale transactions, official data showed.
Dubai’s warehousing and industrial rental rates surge 13% YoY
Dubai’s warehousing and industrial rental rates have increased by 13 percent year on year, underpinned by strong demand, a new report revealed.
Saudi residential transaction values surge 25% in Q3: Knight Frank
Residential transaction values in Saudi Arabia surged 25 percent year on year in the third quarter of 2024, totaling SR35.4 billion ($9.4 billion), a new report showed.
ADQ to acquire 96% stake in Turkiye’s Odeabank from Bank Audi Consortium
Abu Dhabi’s investment and holding company, ADQ, has signed an agreement with Bank Audi to purchase 96 percent of the share capital in Odeabank, the Turkish subsidiary of the Lebanese institution.
Closing Bell: TASI climbs 37.04 points to close at 12,038
Saudi Arabia’s Tadawul All Share Index increased on Wednesday, gaining 37.04 points, or 0.31 percent, to close at 12,038.67.
Saudi Arabia, Italy to deepen partnership in multiple fields, including aerospace, security
Saudi-Italian ties in aerospace, defense, and security are set to strengthen as officials from both nations discuss expanding their long-standing partnership in these sectors.
Saudi-Egypt trade surges 35.16% in H1 2024
Trade between Saudi Arabia and Egypt saw an annual surge of 35.16 percent in the first half of 2024, according to the General Authority of Statistics.
GAMI, GACA sign deal to enable advanced air mobility in Saudi Arabia
Technology supporting vertical take-off and landing aircraft and unmanned planes will be developed in Saudi Arabia thanks to a new agreement between the Kingdom’s military and aviation authorities. The General Authority for Military Industries has signed a memorandum of understanding with the General Authority of Civil Aviation to develop advanced technologies and boost industrial capabilities in these areas.
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