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Press Dossier   By Date  26/11/2024
Saudi Arabia unveils world’s largest food park in Jeddah, eyes $5.3bn in investments
Saudi Arabia has officially launched the Jeddah Food Cluster, a major project aimed at transforming the city into a global business hub with an investment target of SR20 billion ($5.3 billion).
Saudi Tadawul Group rolls out 2nd phase of post-trade enhancements
Saudi Arabia’s capital markets are on track for substantial growth following the successful rollout of the second phase of the post-trade transformation enhancements by the Saudi Tadawul Group.
Saudi Arabia’s franchise registrations surge 866%, surpass 1,780
Saudi Arabia has witnessed an 866 percent surge in franchise registrations over the past three years, reaching 1,788 by the end of the third quarter of 2024.
Closing Bell: Saudi main index closes in red despite $3.2bn in trade volume
Saudi Arabia’s Tadawul All Share Index dropped by 0.65 percent or 77.18 points to settle at 11,787.72 points on Monday.
UAE banking sector sees 3.9% growth in deposits
The UAE banking sector recorded a 3.9 percent quarterly increase in deposits during the third quarter, driven primarily by a 5.6 percent rise in time deposits, according to a recent report. This solid growth in deposits outpaced the 3.5 percent rise in loans and advances over the same period.
Saudi Arabia’s NEOM giga-project a ‘generational investment,’ minister says
Saudi Arabia’s NEOM gigaproject, a futuristic region being built in the desert, is a “generational investment” with a long timeline, the country’s investment minister told Reuters on Monday, adding that foreign investment will pick up pace.
Paperless system to cut real estate transaction time
In a bid to modernize and regulate its real estate market, Kuwait has launched a new Electronic Real Estate Broker System, which is set to streamline transactions and enhance transparency.
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