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Press Dossier   By Date  27/02/2025
Saudi residential transactions up 35% over 5 years: Knight Frank report
Residential transaction values in Saudi Arabia surged 35 percent over the past 5 years to reach SR164.8 billion ($43.94 billion), according to a report from Knight Frank.
Saudi electronics spending up 4% according to official POS data
Saudis spent SR170.6 million ($45.4 million) on electronic devices between Feb. 16 and 22, marking a 4 percent increase compared to the previous week.
Closing Bell: Saudi main index slips to 12,233 amid mixed market performance
Saudi Arabia’s Tadawul All Share Index dipped on Wednesday, losing 68.58 points, or 0.56 percent, to close at 12,232.65.
Saudi Arabia raises $2.36bn in euro bonds, including inaugural green tranche
Saudi Arabia has raised €2.25 billion ($2.36 billion) through a euro-denominated bond sale, including its first green tranche, as part of its Global Medium-Term Note Issuance Program.
SABIC swings to $410m profit as operational gains offset weak sales
Chemical manufacturer Saudi Basic Industries Corp. posted a net profit of SR1.54 billion ($410.6 million) in 2024, rebounding from a SR2.77 billion loss the previous year, driven by improved operations and lower losses from discontinued operations.
Saudi Arabia, Jordan discuss expediting customs procedures to boost trade exchange
Expediting customs procedures and simplifying trade transactions were some of the proposals discussed by the Saudi-Jordanian Business Council in order to increase commerce between the two nations.
Wizz Air to launch Gatwick-Madinah flights
European budget airline Wizz Air is launching direct flights between London Gatwick Airport and the Saudi city of Madinah this summer.
Moody’s upgrades Oman’s banking outlook to positive on stronger economy
Improving economic conditions, stronger loan quality, and a resilient banking sector have led Moody’s Investors Service to upgrade its outlook on Oman’s banking system from “stable” to “positive.”
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