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SAUDI ARABIA EMARATES BAHRAIN KUWAIT OMAN QATAR

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Press Dossier

By Date

02/11/2024

	Saudi GDP grows 2.8% in Q3 amid strong non-oil expansion: GASTAT Saudi Arabia’s real gross domestic product rose by 2.8 percent in the third quarter of this year compared to the same period in 2023, driven by an increase in non-oil activities, official data showed.
	Saudi banks’ credit card loans surge 14%, reach a record high of $8.07bn Credit card loans by Saudi banks hit a record high of SR30.27 billion ($8.07 billion) in the third quarter of 2024, according to recent data.
	New Zealand reaches trade deal with Gulf states New Zealand has reached a trade deal with the six-nation Gulf Cooperation Council, which includes Saudi Arabia and the UAE, that Wellington said would open up major opportunities for Kiwi exporters in the Middle East.
	Red Sea Global secures $1.5bn for AMAALA infrastructure project Red Sea Global has announced the financial closing of a multi-utility infrastructure development project for the AMAALA destination, totaling around $1.5 billion.
	Closing Bell: Saudi main index closes in green at 12,022 Saudi Arabia’s Tadawul All Share Index edged up on Thursday, gaining 3.3 points, or 0.03 percent, to close at 12,022.11.
	Gulf Bank records KD 40.2 million in net profit for first 9 months of 2024 Gulf Bank KSCP announced its financial results for the first nine months ending September 30, 2024. The Bank reported a net profit of KD 40.2 million, representing a decline of KD 14 million or 25.3 percent compared to a net profit of KD 53.8 million for the same period in 2023.
	Kuwait: Residential property sales show signs of recovery in Q3 2024 Real estate sales were relatively stable in Q3 2024, amid a recovery in residential sales from weak levels of previous quarters and a surge in investment sales, outweighing a fall back in commercial activity.
	Kuwait, Oman ink 9 MoUs Kuwait and Oman signed nine memoranda of understanding (MoU) and executive programs in various fields, said Kuwaiti Foreign Minister Abdullah Al-Yahya on Thursday.

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