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Press Dossier   By Date  01/10/2024
Saudi unemployment rate falls to 3.3% in Q2 as job market strengthens: GASTAT
Saudi Arabia’s overall unemployment rate fell to 3.3 percent in the second quarter of 2024, a 0.2 percentage point drop compared to the previous quarter, official data showed.
Millennium Hotels and Resorts eyes expansion across Saudi Arabia
Millennium Hotels and Resorts is actively negotiating with multiple owners to expand its presence in Saudi Arabia, with plans to enter Riyadh soon and explore opportunities in other key cities beyond the major ones.
Saudi Arabia sees 23.4% rise in FDI: GASTAT
Saudi Arabia experienced a 23.4 percent increase in foreign direct investment in the second quarter of this year compared to the previous three months, according to official data.
Saudi stock market rises to 7th globally in size, says CMA chief
The Saudi stock market has experienced significant growth, now ranking seventh globally and showcasing the resilience of the real economy, according to Mohammed bin Abdullah El-Kuwaiz, chairman of the Capital Market Authority.
Saudi Arabia projects $315.73bn revenue for FY2025 amid fiscal reforms
Saudi Arabia’s Ministry of Finance has released its pre-budget statement for fiscal year 2025, projecting total revenues to reach approximately SR1.18 trillion ($315.73 billion), marking a 4 percent decrease from previous forecasts.
Closing Bell: Saudi indices close lower at 12,226
Saudi Arabia’s Tadawul All Share Index closed at 12,226.10 points on Monday, losing 45.67 points, or 0.37 percent.
Dubai summit unveils strategic partnerships to drive growth in Mideast’s hospitality sector
The first day of the Future Hospitality Summit in Dubai saw the signing of several agreements, underscoring ongoing growth and innovation within the Middle East’s hospitality sector.
Dubai court rejects $100 million copyright claim, rules in favour of gaming firm
A $100-million claim against an American video game firm was rejected by Dubai's court of Cassation on Monday, a statement showed, in a complex copyright case involving a popular video game.
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