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SAUDI ARABIA EMARATES BAHRAIN KUWAIT OMAN QATAR

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Press Dossier

By Date

29/10/2023

	Saudi banks witness unprecedented savings growth, lending expansion RIYADH: Saudi citizens exhibited a remarkable surge in their savings habits in August, achieving the highest savings rate in over a decade, according to data released by the Kingdom’s central bank, also known as SAMA.
	KT, Hyundai and stc ink 50-year digital infrastructure deal South Korean telecom giant KT Corp., in collaboration with Hyundai Engineering and Construction and stc Group, will spearhead the establishment of digital infrastructure in Saudi Arabia, a venture set to span the next 50 years.
	Rent now, pay later firms secure investment deals RIYADH: Startups in the Middle East and North Africa region are consistently securing investment deals, signaling a burgeoning momentum in the region’s startup and venture capital arena.
	AIM Congress highlights paradigm shift in the investments landscap AIM Congress, known as the Annual Investment Meeting is the largest conglomerate of corporate leaders, policy-makers, regional and international investors, and experts who provide strategies, and knowledge on attracting investment.
	Enoc unlocks innovation in energy sector In conjunction with Cybersecurity Awareness Month Enoc Group, a leading integrated global energy player, hosted a knowledge sharing event with key technology players to unlock the full potential of innovation in the industry. The event was conducted as part of Enoc’s efforts to deliver seamless technology insights to employees and the business.
	Saudi Arabia’s Acwa Power aims for China expansion amid energy transition Saudi Arabia's private utility developer Acwa Power plans to double down on efforts to expand in China, the world’s largest producer of renewable energy, according to a top executive.
	Inflation to dog world economy next year High inflation will dog the world economy next year, with three-quarters of over 200 economists polled by Reuters saying the main risk is that it turns out higher than they forecast, suggesting interest rates will also remain higher for longer.
	Liquidity Group helps provide $300m to UAE start-ups to address funding gap Global financial technology – FinTech – and asset management firm Liquidity Group has helped provide more than $300 million to UAE start-ups over the past couple of years as it aims to bridge the funding gap between the early and late stages, its chief executive has said.
	Saudi Arabia’s PIF open to more joint ventures with foreign partners Saudi Arabia’s Public Investment Fund is open to entering into more joint ventures with foreign companies looking to invest in the kingdom, an executive from the wealth fund has said.

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