Saudi Telecom Firm stc Secures $8.7 Billion Contract for Telecommunications Infrastructure
Prime Highlights: The deal spans 18 months for preparation and execution, followed by 15 years of operational management. Revenue from
Saudi Crude Oil Production Increases by 1.21% in November Reaching 8.92 Million BPD
Prime Highlights: Saudi Arabia's crude oil output reached 8.92 million barrels per day (bpd) in November 2024, marking a 1.21%
PIF to Sell Thiqah to Elm in $907 Million Deal to Strengthen Saudi Arabia’s ICT Sector
Prime Highlights: Elm will acquire 45,000 shares of Thiqah, each valued at SR1,000 ($266.56), marking a full acquisition of Thiqah’s
Amman Stock Exchange to Boost Market with Bond Trading and Tax Reforms
Prime Highlights: The Amman Stock Exchange (ASE) will introduce government bond trading to enhance market liquidity and attract global investment,
Saudi Arabia’s Participation at WEF Bolsters Global Innovation and AI Agenda
Prime Highlights: The Kingdom’s participation in the World Economic Forum (WEF) reinforces its commitment to advancing the digital economy, innovation,
Saudi Ports Achieve 14.45% Growth in Cargo Handling Reaching 320.78 Million Tonnes in 2024
Prime Highlights: Saudi ports processed 320.78 million tonnes of cargo in 2024, marking a 14.45% year-on-year increase. Container exports rose
Saudi Arabia to Open 5,000 Sq. Km of Mining Exploration Opportunities in 2025
Prime Highlights: Saudi Arabia to offer 5,000 sq. km of mineral exploration sites in 2025. Mining sector valued at $2.5
Global Sukuk Issuance Expected to Reach $200bn in 2025 Driven by Saudi Arabia and Malaysia
Prime Highlights: Global sukuk issuance in 2025 projected to range from $190 billion to $200 billion. Foreign-currency denominated sukuk issuance
Qatar-Jordan Trade Exchange Reaches $248 Million in 2024 Reflecting Growth in Bilateral Relations
Prime Highlights: Qatar-Jordan trade exchange in 2024 totaled $248.16 million (910 million Qatari riyals), a 5.81% increase from the previous
King Khalid International Airport’s Terminal 1 Expansion Increases Passenger Capacity to 7 Million Annually
Prime Highlights: Inauguration of Terminal 1 expansion at King Khalid International Airport, Riyadh. The expansion boosts annual passenger capacity from
Egypt’s Inflation Eases to 23.4% in December Amid Declining Food Prices
Prime Highlights: Egypt's inflation drops to 23.4% in December 2024, down from 25% in November. The consumer price index stood
Oman’s Real Estate Market Soars 28% to $8.13 Billion in 2024
Prime Highlights: Oman’s real estate market records a 28.1% surge in transaction values, reaching $8.13 billion in 2024. Sale contracts