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Press Dossier   By Date  30/11/2024
Moody’s upgrades ratings for 11 Saudi banks
Eleven banks in Saudi Arabia have seen their long-term deposit and senior unsecured ratings upgraded by Moody’s thanks to a strong operating environment.
Saudi Arabia boosts R&D spending to $6bn in 2023 amid Vision 2030 push
Saudi Arabia ramped up its research and development spending to SR22.61 billion ($6.02 billion) in 2023, marking a 17.4 percent increase from the previous year, according to official data.
Saudi corporate lending fuels bank loans growth to near 2-year high of 12.46%
Saudi Arabia’s bank loans reached SR2.88 trillion ($768.93 billion) in October, a 12.46 percent annual growth and the highest in 20 months, official data showed.
Closing Bell: Saudi main index rises to close at 11,641
Saudi Arabia’s Tadawul All Share Index gained 50.52 points, or 0.44 percent, closing at 11,641.31 on Thursday.
S&P Global forecasts 4.7% GDP growth for Saudi Arabia in 2025
S&P Global has projected steady growth for Saudi Arabia’s economy, forecasting a 0.8 percent gross domestic product increase in 2024 and a robust 4.7 percent in 2025.
Islamic banking in Kuwait and Oman stable amid favorable conditions: Fitch Ratings
The standalone credit profiles of Islamic banks in Kuwait are expected to remain stable in 2025, supported by favorable operating conditions, according to a recent analysis by Fitch Ratings.
King Salman Center for Disability Research signs agreements
King Abdullah University of Science and Technology signed an agreement on Thursday with the King Salman Center for Disability Research aimed at enhancing collaboration between the two parties in diagnosing, managing, and treating disabilities.
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