UAE to Host First UAE–Africa Tourism Investment Summit in Dubai on October 27
Highlights The inaugural of UAE–Africa Tourism Investment Summit will take place in Dubai on October 27, 2025, under the Future Hospitality Summit (FHS World 2025).
Saudi Arabia’s Revenues Surge to $336 Billion in 2024
Prime Highlights: Saudi Arabia’s total government revenues in 2024 reached SR1.26 trillion ($336 billion), marking a 4% year-on-year increase, exceeding budget estimates by 7%. Non-oil
Manufacturing Sector Drives Saudi Industrial Growth to 2.1%
Prime Highlights: Saudi Arabia’s Industrial Production Index (IPI) saw a 2.1% annual increase in December 2024, driven by manufacturing and waste management sectors. The manufacturing
Rasm Property Management Firm Explores International Partnerships to Strengthen Market Position
Prime Highlights: Rasm, a Saudi property management firm, is exploring potential global partnerships to strengthen its market presence and drive growth in the Kingdom’s real
Umm Al Qura Moves Forward with IPO to Fund SR100 Billion Masar Project in Makkah
Prime Highlights: Umm Al Qura for Development and Construction is launching an IPO to raise funds for its SR100 billion ($26.6 billion) Masar project in
Saudi Stock Market Among Top Regional Performers in December Amid Positive Investor Sentiment
Prime Highlights: Saudi Arabia’s stock market (TASI) rose by 3.39% in December 2024, closing at 12,037 points with an average daily trading value of SR5.2
Saudi Insurance Sector Reports 16.9% Revenue Growth, Driven by Key Coverage Areas
Prime Highlights: Saudi Arabia’s insurance sector saw a 16.9% year-on-year revenue increase in Q3 2024, driven by growth in motor, property, and medical coverage. Medical
Saudi Arabia Opens Real Estate Market to Foreign Investment in Makkah and Madinah
Prime Highlights: Foreigners can now invest in Saudi-listed companies owning real estate in Makkah and Madinah, opening new avenues for investment in the Kingdom’s capital
Saudi Arabia’s Non-Oil Exports Grow 19.7% in November Strengthening Economic Diversification
Prime Highlights: Saudi Arabia’s non-oil exports surged 19.7% year-on-year in November, totaling SR26.92 billion ($7.18 billion), reflecting progress in economic diversification. Chemical products led export
Saudi Education Spending Soars 91.5% as Students Return to School
Prime Highlights: Saudi Arabia’s education sector saw a 91.5% increase in spending, reaching SR220.76 million ($58.8 million) between January 12-18, 2025, driven by students returning
Saudi Arabia’s Central Bank Reserves Reach $450 Billion
Prime Highlights: Saudi Arabia’s reserves at the central bank, SAMA, reached SR1.69 trillion ($450.31 billion) in November 2024, marking a 2.8% year-on-year increase. Foreign assets,
Cloud Technology to Revolutionize Saudi Mining Sector Ma’aden Executive Predicts
Highlights: Cloud adoption critical to the future of Saudi Arabia’s mining industry. Ma’aden aims for a tenfold growth by 2040, leveraging advanced technologies. Saudi Arabia
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