Press Dossier   By Date  16/03/2024
S&P affirms Saudi Arabia’s A/A-1 rating
International rating agency S&P Global Ratings affirmed its foreign and local currency sovereign credit ratings for Saudi Arabia at ‘A/A-1’ with Stable Outlook.
Non-oil activity in Saudi Arabia now 50% of GDP
Non-oil economic activity in Saudi Arabia contributed 50 percent to the Kingdom’s gross domestic product in 2023, the highest level ever, the Ministry of Economy and Planning said on Thursday.
Saudi Arabia secures $13bn for tourism expansion, eyes $85bn revenue boost: minister
Saudi Arabia has secured $13 billion in private sector investments for its tourism industry, aiming to distribute the costs involved in becoming a top destination, a minister said.
Saudi Food and Drug Authority explores investment prospects with US healthcare firms
Saudi Arabia’s food, drug, medical devices, and equipment sectors are on track to prosper amid meetings with US healthcare firms to explore investment opportunities between the two countries.
Saudi Venture Capital invests $30m in Olive Rock Partners Fund I
Regional startup funding is set to see a significant boost as Saudi Venture Capital announced a $30 million investment in Olive Rock Partners Fund I.
Closing Bell: Saudi main index edges up with trading turnover of $3.89bn
Saudi Arabia’s Tadawul All Share Index rose to gain 5.38 points, or 0.04 percent, to close Thursday’s trading session at 12,728.53.
Omani authority injects $63.9m into 244 SMEs across different sectors
Oman’s small and medium enterprises received a funding boost, with the authority tasked with their development lending over 24.6 million Omani rials ($63.9 million) as of February.
Hungary strikes deal with Dubai to develop $5.5bn neighborhood in Budapest
A neglected neighborhood in Budapest is set to be rejuvenated courtesy of a €5 billion ($5.5 billion) deal with Dubai, according to Bloomberg.
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