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Press Dossier   By Date  27/11/2024
Saudi Arabia approves FY2025 budget, forecasts $27bn deficit amid expansionary spending
Saudi Arabia: Saudi Arabia on Tuesday approved the state budget for fiscal year 2025 with revenues projected at SR1.18 trillion ($315.73 billion) and expenditure at SR1.28 trillion, leading to a deficit of SR101 billion.
Kingdom grants license to Jeddah Yacht Club
Saudi Arabia: Saudi Arabia has granted an operator license for its first international harbour to Jeddah Yacht Club and Marina, boosting tourism and strengthening its position as a leading regional and global maritime hub.
KSA pledges $932m boost to 17 tourism projects in Al-Ahsa
Saudi Arabia: Saudi Arabia has committed over SR3.5 billion ($932 million) to develop 17 tourism projects in Al-Ahsa, positioning the region as a key destination in the Kingdom’s growing travel sector, according to a senior official.
EU seeks to boost green energy collaboration with Saudi Arabia
Saudi Arabia: The EU is keen to expand its cooperation with Saudi Arabia in the energy sector as the world increasingly shifts toward green energy, according to a senior EU official.
UK fintech firms eye growth in Saudi Market
Saudi Arabia: UK-based fintech firms have an opportunity to address rising demand for fintech services in Saudi Arabia, according to the Lord Mayor of London.
UAE to become a global leader in innovation and entrepreneurship
he Ministry of Economy (MoE) has announced that Continuous Ventures, an Ireland-based venture capital firm and accelerator that specialises in supporting high-potential startups in the tech space, has become a strategic partner to its NextGen FDI initiative, which seeks to attract pioneering global companies to the UAE.
Bahrain tops global innovation in open banking with key tieup
In a groundbreaking partnership, Bahrain’s top innovator and leading company in fintech and electronic financial transactions service Benefit has joined forces with Tarabut to introduce the first innovation-led, centralised open banking authentication solution in the kingdom.
Vedanta plans $2bn investment in big Saudi copper projects
Vedanta Copper International, a wholly-owned subsidiary of Idian business conglomerate Vedanta has signed a Memorandum of Understanding (MoU) with the Ministry of Investment and Ministry of Industries & Mineral Resources of the Kingdom of Saudi Arabia.
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