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Press Dossier   By Date  15/02/2025
Saudi Arabia’s revenue rises to $336bn in 2024 as non-oil income surges
Saudi Arabia’s total government revenues reached SR1.26 trillion ($336 billion) in 2024, marking a 4 percent increase from the previous year and exceeding the initial budget estimates by 7 percent, the latest official data showed.
Saudi Arabia leads GCC in US dollar debt and sukuk issuance, driving regional growth: Fitch
Saudi Arabia holds the largest share of the Gulf Cooperation Council’s debt capital market, with 44.8 percent of outstanding issuances, according to Fitch Ratings.
Saudi Arabia targeting $2.4tn in private sector investments with PIF’s support, minister says
Saudi Arabia is looking to secure SR9 trillion ($2.39 trillion) in investments from the private sector, following a SR3 trillion kick-start from the Public Investment Fund, according to a top official.
Saudi banks see record profits amid strong credit growth and debt market expansion
Saudi Arabia’s top 10 listed banks recorded all-time high net profits in 2024 of SR79.64 billion ($21.23 billion), reflecting a 13.84 percent annual increase, according to data from the Saudi Exchange.
Saudi construction sector issues 3,800 new licenses amid regulatory reforms
Saudi Arabia’s construction sector saw significant growth in 2024, with 3,800 new licenses added in just one year to bring the total to 8,900, according to a top official.
Saudi Arabia, IMF lead talks on economic resilience at AlUla summit
Policymakers, economists, and industry leaders will gather in Saudi Arabia next week for the AlUla Conference for Emerging Market Economies, where discussions will focus on global economic shifts, challenges, and the growing influence of artificial intelligence in driving growth.
Kuwait busts cybercrime ring
The ministry of interior announced the arrest of an international cybercrime syndicate of Chinese nationals involved in large-scale cyberattacks on telecommunications towers and banks. The criminal security sector, represented by the cybercrime combat department, led the operation, uncovering an elaborate scheme aimed at breaching networks and stealing financial data.
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