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Press Dossier   By Date  13/03/2025
Saudi education spending rises 145% as students return, latest POS data shows
Saudi Arabia’s education sector saw a notable rise in spending in the week ending March 8, climbing 144.6 percent to SR200.7 million ($53.5 million) as students returned from a break.
Giga-projects spark $1.22bn boom in Saudi real estate market
Saudi Arabia’s residential real estate market is set for a significant surge, with private buyers expected to invest SR4.58 billion ($1.22 billion) this year, according to an analysis.
Saudi banks see profit surge in Q4 as rate cuts boost margins: Fitch Ratings
Saudi banks recorded a net income of SR21.5 billion ($5.7 billion) in the fourth quarter of 2024, up from SR20 billion in the previous three-month period, according to Fitch Ratings.
Siemens Energy secures $1.6bn power plant project in Saudi Arabia
Siemens Energy has been awarded a $1.6-billion project to provide technology for two gas-fired power plants in Saudi Arabia, the German company said on Wednesday.
Saudi Arabia invites applications for exploration permits in Riyadh, Madinah regions
Saudi Arabia has opened applications for pre-qualification for mining exploration licenses across three mineral-rich belts in the Riyadh and Madinah regions, covering nearly 50 percent of the total area.
Pakistan urges entrepreneurs to expand businesses, access new markets under Saudi Vision 2030
Pakistan’s coordinator to the federal tax ombudsman on Tuesday urged entrepreneurs to seize business opportunities offered by Saudi Arabia’s Vision 2030 program and use it to expand their businesses and access new markets, state-run media reported.
Closing Bell: Saudi main index continues to decline on third consecutive day
Saudi Arabia’s Tadawul All Share Index continued its downward trend for the third consecutive day on Wednesday as it shed 13.03 points or 0.11 percent to close at 11,704.93.
Egypt approves investment protection deal with Saudi Arabia
Egypt’s parliament has approved a bilateral investment protection agreement with Saudi Arabia, aiming to boost capital inflows, create jobs, and strengthen economic ties between the two nations.
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