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SAUDI ARABIA EMARATES BAHRAIN KUWAIT OMAN QATAR

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Press Dossier

By Date

16/02/2025

	Saudi expat remittances surge to three-year high $38.5bn, SAMA reveals Expatriate remittances from Saudi Arabia surged to SR144.2 billion ($38.45 billion) in 2024, a 14 percent increase over the preceding year, according to recent data.
	Saudi Arabia to lead region’s initial public offerings in 2025 — EY The outlook for initial public offerings in the Middle East and North Africa region remains positive in 2025, with Saudi Arabia leading the market with 27 potential listings, according to an analysis.
	Saudi Arabia’s startup ecosystem LEAPs once again Saudi Arabia’s LEAP 2025 tech conference, held from Feb. 9 to 12, showcased the Kingdom’s growing startup ecosystem, with multiple funding rounds, acquisitions, and expansion plans announced during the event.
	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.
	Kingdom arrests 22,663 illegals in one week Saudi authorities arrested 22,663 people in one week for breaching residency, work and border security regulations, the Saudi Press Agency reported on Saturday.
	How Saudi Arabia is leveraging regenerative tourism to blend luxury with sustainability At the heart of Saudi Arabia’s environmental strategy is regenerative tourism, which aims to protect natural habitats through science-led approaches and sustainable practices.
	UAE: Can children stay to complete their academic year after their parent's residency visa is cancelled? I have been informed that I will be let go as part of the company's restructuring process. My children study in a school here. How long do I have to exit the country after my visa is cancelled? Is there a way I can keep my children in the country legally for a few more months just so they can complete their academic year? What are my options?
	UAE: How long can parents sponsor children on a residency visa? I hold a regular two-year visa in the UAE. I am a father to twins – a boy and a girl. I wish to understand how long I can sponsor their visas in the UAE. Please advise.

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