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Press Dossier   By Date  02/10/2024
Closing Bell: Saudi main index closes in green at 12,254
Saudi Arabia’s Tadawul All Share Index rose on Tuesday, gaining 27.44 points or 0.22 percent to close at 12,253.54.
Saudi fertilizer exports to US climb 2% as trade ties flourish
Fertilizer exports to the US from Saudi Arabia saw an annual increase of 2 percent in 2023 as total bilateral trade reached SR112 billion ($29.7 billion), according to new figures.
Saudi Arabia’s tourism growth key to Vision 2030: Accor CEO
French hospitality firm Accor is optimistic about the growth potential in Saudi Arabia’s tourism sector, which is being driven by the Kingdom’s Vision 2030 objectives and rich history, said the company’s top official.
Saudi-Canadian industrial ties strengthen as minister explores investment opportunities
Saudi-Canadian industrial ties are set to strengthen as a top minister from the Kingdom embarks on a three-day visit to explore investment opportunities.
Saudi Arabia and Azerbaijan explore joint sovereign investment fund to boost bilateral economic ties
Azerbaijan has proposed the creation of a joint sovereign investment fund with Saudi Arabia, aiming to enhance investments in key sectors and potential third-party markets.
Saudi Arabia’s assets under management to reach $300bn in next 2 years: Fitch Ratings
Saudi Arabia’s assets under management are expected to reach $300 billion within the next two years, driven by regulatory reforms and expanding equity and debt capital markets, according to Fitch Ratings.
Interest rate cuts and Vision 2030 progress discussed by Council of Economic and Development Affairs
Interest rate cuts and their impact on the global and Saudi economies were a central focus of discussions during a virtual meeting of the Council of Economic and Development Affairs.
Qatar Airways buys into Virgin Australia, raising the stakes against Qantas
Qatar Airways will buy a 25 percent stake in Virgin Australia from US private equity firm Bain Capital, posing a tougher contest for Qantas Airways that has dominated Australian routes and pushed back against giving access to the Middle Eastern carrier.
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