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Press Dossier   By Date  01/07/2025
Saudi banks post 5.4% loan growth in Q1 as lending accelerates
Net loans and advances across the Saudi Arabia’s 10 largest listed banks rose by 5.4 percent in the first quarter of 2025, underscoring robust lending momentum at the start of the year.
Riyadh leads Saudi Arabia’s commercial real estate growth with 23% rise in office rents
Saudi Arabia’s commercial real estate sector is witnessing exponential growth, with rents for Grade A office spaces in the Kingdom’s capital reaching SR2,700 ($719.95) per sq. meter by the end of March, an analysis showed.
Saudi Arabia’s PIF assets rise 18% to $1.15tn as portfolio firms drive growth
Saudi Arabia’s Public Investment Fund boosted its total assets to SR4.32 trillion ($1.15 trillion) by the end of 2024, an 18 percent increase compared to the previous year, according to a disclosure filed with the London Stock Exchange.
Saudi Arabia imposes anti-dumping duties on stainless steel imports from China, Taiwan
Saudi Arabia is set to impose final anti-dumping duties on imports of steel and stainless steel pipes originating from China and Taiwan, effective June 30, for a period of five years.
22,000 obtain exit permit as rule takes effect from July 1
The decision to force expatriates working in the private sector to obtain an exit permit with the prior approval of their employers comes into effect on Tuesday, July 1. The measure has been introduced for the first time in Kuwait to join other Gulf states, barring the UAE. Previously, private sector employees could leave the country at any time without permits.
UNHCR, Al-Nouri Charity Society sign grant deal
The United Nations High Commissioner for Refugees (UNHCR) and the Sheikh Abdullah Al-Nouri Charity Society signed an annual grant agreement on Sunday to support Syrian refugee families in Jordan. The agreement reflects ongoing humanitarian cooperation between the two sides and underscores Kuwait’s continued commitment to aiding vulnerable communities across the region.
CBK: Broad money supply declines 0.3%
The Central Bank of Kuwait (CBK) announced on Monday that the broad money supply (M2) recorded a slight monthly decline of 0.3 percent in May, reaching KD 41.7 billion (approximately $137.6 billion).
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