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Press Dossier   By Date  28/05/2025
GCC banks post record $15.6bn profit in Q1 amid lending boom, stable forecast
Gulf Cooperation Council banks posted $15.6 billion in net profit for the first three months of 2025, a 7.1 percent rise from the previous quarter and the highest on record.
S&P Global affirms Kuwait’s rating at ‘A+’ with stable outlook
Kuwait has retained its ‘A+’ long-term credit rating from S&P Global, with a stable outlook, supported by one of the world’s strongest sovereign asset positions despite mounting fiscal pressures.
Saudi wealth fund, Kings League join forces to reshape sports entertainment
Saudi Arabia’s Public Investment Fund and the Kings League have agreed to form a joint venture to transform sports entertainment in the Middle East, with the Kingdom set to host the inaugural season.
Closing Bell: Saudi main index slips to close at 10,925
Saudi Arabia’s Tadawul All Share Index slipped on Tuesday, as it shed 150.78 points, or 1.36 percent, to close at 10,925.18.
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.
Six Saudi-listed companies join FTSE Russell indices amid index review
Six recently listed Saudi companies are set to join FTSE Russell’s global equity benchmarks, following the index provider’s latest quarterly review.
Saudi Arabia’s Asir region secures $1.06bn boost as total investments climb past $6.6bn
Saudi Arabia’s Asir region is set to receive a fresh investment boost of SR4 billion ($1.06 billion), raising the total value of government-backed projects in the area to more than SR25 billion, according to a senior official.
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