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Press Dossier   By Date  27/05/2025
Saudi Arabia’s non-oil exports climb 13.4% in Q1: GASTAT
Saudi Arabia’s non-oil exports rose 13.4 percent to SR80.72 billion ($21.52 billion) in the first quarter of 2025 compared to a year earlier, underscoring the Kingdom’s ongoing efforts to diversify its economy.
Saudi Arabia increases wage support to 50% for tourism sector jobs
Saudi Arabia has raised wage subsidies for local workers in the tourism sector from 30 percent to 50 percent, in a strategic push to expand employment opportunities for Saudi nationals and reduce reliance on foreign labor.
Saudi Arabia, Kuwait discover oil reserves in North Wafra
The governments of Saudi Arabia and Kuwait have jointly announced a significant new oil discovery in the North Wafra Wara-Burgan field, located approximately 5 km north of the main Wafra field, the Kingdom’s Energy Ministry said in a statement on Monday.
Kuwaiti lenders Warba, Gulf Bank explore merger to boost competitiveness
Kuwait’s Warba Bank and Gulf Bank have entered discussions to explore a potential merger as part of a strategy to enhance long-term growth and competitiveness in the local Islamic banking sector.
Saudi Arabia launches joint venture to produce high-voltage insulators
Saudi Arabia’s power sector is set to receive a significant boost following the launch of a new joint venture aimed at localizing the production of high-voltage porcelain insulators, a key component in the Kingdom’s push to strengthen domestic manufacturing and reduce reliance on imports.
Closing Bell: Saudi main index closes higher, gains 76 points
Saudi Arabia’s Tadawul All Share Index closed higher on Monday, rising 76.18 points, or 0.69 percent, to finish at 11,075.96.
Saudi, US security agencies sign agreements
Prince Abdulaziz bin Saud, Saudi Minister of Interior, has signed a number of agreements with US counterpart agencies, the Saudi Press Agency said.
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