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SAUDI ARABIA EMARATES BAHRAIN KUWAIT OMAN QATAR

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Press Dossier

By Date

11/12/2024

	Robust manufacturing sector lifts Saudi industrial index by 5%: GASTAT Saudi Arabia’s industrial production index rose by 5 percent year on year in October, driven by robust growth across key economic sectors, official data showed.
	Closing Bell: Saudi main index continues upward trend, closes at 12,194 Saudi Arabia’s Tadawul All Share Index continued its upward trend for the third consecutive day on Tuesday, as it gained 96.24 points or 0.80 percent to close at 12,193.64.
	Saudi insurance sector’s outlook stable in 2025: S&P Global Saudi Arabia’s insurance sector is set to remain resilient in 2025, with expected growth in top-line revenue between 10 percent and 15 percent, according to a new analysis.
	Saudi Arabia, UAE banks to post strong credit growth in 2025: Fitch Ratings Banks operating in Saudi Arabia and the UAE are expected to post strong credit growth in 2025, driven by high crude prices and the expansion of the non-oil economy, according to an analysis.
	UAE to impose 15% minimum top-up tax on large multinationals from January The UAE will impose a 15 percent minimum top-up tax on large multinational companies starting in January, according to the country’s Finance Ministry.
	Saudi POS spending reaches $3.78bn, driven by surge in utilities and jewelry Saudis have increased their spending on utilities and jewelry during the first week of December, while food and beverage sales showed a slight decline, according to the latest data from the Saudi Central Bank.
	Saudi-UK military cooperation committee holds fourth meeting The Saudi-UK Bilateral Military Cooperation Committee held its fourth meeting in Riyadh on Tuesday.
	Saudi, Malaysian foreign ministers chair cooperation meeting in Riyadh Saudi Minister of Foreign Affairs Prince Faisal bin Farhan and his Malaysian counterpart chaired the first meeting of the Saudi-Malaysian Coordination Council in Riyadh on Tuesday.

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