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SAUDI ARABIA EMARATES BAHRAIN KUWAIT OMAN QATAR

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Press Dossier

By Date

28/10/2024

	Saudi Arabia’s real estate price index rises 2.6% in Q3: GASTAT Saudi Arabia’s real estate price index rose by 2.6 percent in the third quarter of 2024 compared to the same period last year, driven by growth in residential sector expenses, according to official data.
	Closing Bell: Saudi benchmark index up 1.54% to close at 12,068 Saudi Arabia’s Tadawul All Share Index rose on Sunday, gaining 182.91 points, or 1.54 percent, to close at 12,068.97.
	Saudi Aramco’s Wa’ed Ventures earmarks $100m for AI investments Saudi Arabia’s $500 million venture capital fund, Wa’ed Ventures, a wholly-owned subsidiary of Aramco, has earmarked $100 million to invest in artificial intelligence startups.
	Middle Eastern coastal towns transition to permanent communities Coastal towns across the Middle East are undergoing a significant transformation, evolving from seasonal vacation spots into vibrant, year-round communities.
	Saudi Arabia opens Sindalah in NEOM as part of Vision 2030 tourism drive Saudi Arabia has unveiled its luxury island destination, Sindalah, part of the $500-billion NEOM mega-project, as the Kingdom intensifies efforts to expand its tourism sector.
	Saudi international humanitarian law committee to take part in Geneva conference A delegation from Saudi Arabia’s committee on international humanitarian law will take part in the 34th International Conference of the Red Cross and Red Crescent in Geneva from Oct. 28 to 31.
	Saudi-UAE trade soars 25% to $30bn amid strengthened economic ties Saudi Arabia’s trade with the UAE has experienced a 25 percent increase, highlighting a significant boost in economic collaboration between the two nations. By the end of 2023, the trade volume reached SR113 billion ($30 billion), up from SR90 billion in 2019.
	Saudi Arabia signs localization agreements for wind energy steel towers Steel towers for wind energy systems will soon be manufactured in Saudi Arabia following the signing of two agreements by the Kingdom’s Local Content and Government Procurement Authority.

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SAUDI LAWS

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