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Press Dossier   By Date  07/10/2024
Saudi Arabia’s e-commerce sector sees 9.4% growth in Q3
Saudi Arabia’s e-commerce sector continues its upward momentum, with 39,769 businesses registered in the third quarter, a 9.4 percent increase year on year.
Saudi Arabia secures over half of MENA startup funding in September
The startup ecosystem in the Middle East and North Africa is experiencing significant growth, with Saudi Arabia emerging as a key driver of funding activity.
Closing Bell: Saudi main index slips to close at 11,769
Saudi Arabia’s Tadawul All Share Index slipped on Sunday, losing 188.50 points, or 1.58 percent, to close at 11,769.04.
Saudi Arabia offers October ‘Sah’ sukuk savings products with over 4.9% return
Saudi Arabia has launched its October subscription for the subscription-based savings product, Sah, offering a 4.92 percent return to promote financial stability and growth among citizens.
Deal signed to promote falconry on Hawi platform
Saudi Falcons Club’s CEO Talal Al-Shamaisi, and Khalid Al-Baker, the Quality of Life Program’s CEO, have signed a memorandum of cooperation to support falconry and establish amateur clubs through Hawi, the national hobbies portal.
Qatar’s non-energy sector growth stable despite PMI dip
Non-oil business activities in Qatar were steady in September, even as the country’s Purchasing Managers’ Index dropped to 51.7 from 53.1 in August, an economy tracker showed.
Oman’s broad money supply surges 13.3%
An increase in Oman’s narrow money led the country’s broad capital supply to grow 13.3 percent year-on-year to reach 24.2 billion Omani rials ($62.6 billion) by the end of July.
EVIQ, Ceer partner to enhance Saudi EV infrastructure
Saudi Arabia’s Electric Vehicle Infrastructure Co., EVIQ, has formed a strategic partnership with the Kingdom’s first EV brand, Ceer, to expand the nation’s charging infrastructure and promote sustainability.
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