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Press Dossier   By Date  08/03/2025
Direct flights from Stuttgart to Jeddah to begin later this year
Direct flights from Stuttgart, Germany, to Jeddah, will begin in the second half of 2025 and operate twice a week, the Saudi Air Connectivity Program has announced.
Closing Bell: Saudi main index closes in red at 11,811
Saudi Arabia’s Tadawul All Share Index dipped on Thursday, losing 87.75 points, or 0.74 percent, to close at 11,811.11.
Saudi expats transfer nearly $4bn in Jan, bolstering developing economies
Expatriate remittances from Saudi Arabia rose to SR13.74 billion ($3.66 billion) in January, marking a 32 percent increase compared to the same period last year, according to recent data.
Saudi SME Bank expands debt-based crowdfunding initiative for small businesses
Micro, small, and medium enterprises in Saudi Arabia will have access to SR240 million ($64 million) in debt-based crowdfunding, after the Kingdom’s SME Bank announced a new model to support businesses.
US private equity firm Warburg Pincus to explore investment opportunities in Saudi Arabia
US private equity firm Warburg Pincus is exploring financial opportunities in Saudi Arabia through an agreement signed with Hassana Investment Co., reinforcing their strategic partnership.
Saudi multi-billion-dollar corporations are driving strategic investments in startup ecosystem
Saudi Arabia’s corporate venture capital arms are playing a pivotal role in driving innovation and advancing economic diversification by aligning their investment strategies with both national and corporate objectives.
Saudi Arabia’s non-profit sector tops $26bn in economic contribution for the 1st time
Saudi Arabia’s non-profit sector surpassed SR100 billion ($26.6 billion) in economic contribution in 2024 for the first time, accounting for 3.3 percent of the Kingdom’s gross domestic product, a new analysis revealed.
UAE sees 3.8% GDP growth in first 9 months of 2024
The UAE witnessed a 3.8 percent annual expansion in its gross domestic product in the first nine months of 2024, driven by the growth of the Emirates’ non-oil sector.
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