Press Dossier   By Date  23/05/2024
GCC banks’ net profit surge 10.5% to 14.4bn: Kamco Invest
Net profit of banks in the Gulf Cooperation Council region surged by 10.5 percent year-on-year in the first quarter of 2024 to $14.4 billion, an analysis showed.
Saudi point-of-sale spending hits $3.11bn: SAMA data
Saudi Arabia’s point-of-sales spending reached SR11.65 billion ($3.11 billion) in the third week of May, official figures showed.
Closing Bell: Saudi benchmark index edges up to close at 12,157
Saudi Arabia’s Tadawul All Share Index rose on Wednesday, gaining 34.55 points, or 0.28 percent, to close at 12,157.03.
Qatar issues green bonds worth $2.5bn
Qatar has issued green bonds in two tranches totaling $2.5 billion, according to official data.
Saudi Arabia, China explore private sector investment opportunities during Beijing meeting
Chinese participation in Saudi Arabia’s private-sector projects is set to increase as the Kingdom’s Finance Minister Mohammed Al-Jadaan held meetings with top officials in Beijing.
Emirates Islamic successfully issues $750 million sustainability sukuk
Emirates Islamic, one of the leading Islamic financial institutions in the UAE, has announced the successful pricing of its $750 million first ever sustainability sukuk.
Saudi aviation sector surges with over $20bn in deals at Riyadh forum
Saudi Arabia’s aviation sector received a major boost with over 100 agreements, exceeding SR75 billion ($20 billion), signed during the first two days of the Future Aviation Forum.
Saudi Monsha’at and Social Development Bank ink deal to boost SME financing
Saudi small and medium enterprises are set to receive a finance boost thanks to a new deal signed by the Kingdom’s Social Development Bank.
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