Saudi Arabia’s Kafalah Program Boosts SME Financing to $3.73 Billion
Prime Highlights: Saudi Arabia’s Kafalah program boosted SME financing by 8%in Q3, reaching SR14 billion ($3.73 billion). The program continues
IMF Raises Saudi Arabia’s Growth Forecast to 4% for 2025 and 2026
Prime Highlights: The IMF has raised Saudi Arabia’s economic growth forecast to 4% for both 2025 and 2026, up from
Aramco Strengthens Downstream Growth with Increased Stake in Petro Rabigh
Prime Highlights: Saudi Aramco raises its stake in Petro Rabigh to 60%, becoming the largest shareholder and showing confidence in
Abu Dhabi Strengthens Construction Quality with QCC’s New Testing Services
Prime Highlights: QCC launches two new services at its Construction Materials Testing Laboratory to ensure high-quality and safe construction projects
Atlantis Dubai Supports Global Conservation with $500,000 Funding Boost
Prime Highlights: Atlantis Dubai contributes over $500,000 to support marine conservation and sustainability projects through the Atlantis Atlas Project for
Low-Sugar Drinks Set to Get Cheaper in UAE as New Sugar Tax Kicks In
Prime Highlights: From 2026, UAE soft drink prices will depend on sugar content, making low-sugar drinks cheaper and encouraging healthier
Emirati Home Businesses Drive UAE’s Entrepreneurial Boom
Prime Highlights: Home-based businesses in the UAE are booming, especially in e-commerce, fashion, beauty, and food services, driven by social
Abu Dhabi Launches K2 Think, a Low-Cost Model Matching Global AI Performance
Prime Highlights: Abu Dhabi’s MBZUAI has launched K2 Think, a low-cost model that can perform advanced reasoning tasks at the
Emirates NBD Strikes $350 Million Aircraft Financing Deal with Emirates Airlines
Prime Highlights: Emirates NBD has finalized a $350 million financing deal with Emirates Airlines for two Boeing 777 cargo aircraft.
Saudi Consumer Spending Surges 18% as Digital Payments and Vision 2030 Drive Growth
Prime Highlights: Saudi Arabia’s point-of-sale (POS) spending jumped 17.8% to SR15.79 billion ($4.21 billion), showing strong consumer confidence. Growth was
ADNOC Raises $317M from Subsidiary Stake Sale, Boosts Trading and Shareholder Confidence
Prime Highlights: ADNOC raised $317 million by selling 222 million shares of its subsidiary ADNOC Logistics & Services, reflecting strong
Dubai Luxury Real Estate Booms as 9,800 Millionaires Set to Move in 2025
Prime Highlights Dubai is becoming a top destination for luxury real estate, with record property sales and a growing number
Kuwait’s Economy Picks Up Pace with Growth in Q1 and Rising Business Optimism
Prime Highlights: Kuwait’s inflation in July rose slightly to 2.39%, mainly due to higher food and beverage prices. The economy
Saudi Exchange Proposes Sweeping Rule Changes to Broaden Access to Nomu Parallel Market
Prime Highlights Tadawul opens public consultation until August 19 for planned rule amendments to increase access to the Nomu Parallel
TOURISE Unveils Global Advisory Board to Shape the Future of Tourism at Riyadh Summit 2025
Prime Highlights TOURISE begins a 14-member Advisory Board to lead the first Riyadh Summit in November 2025. Board features tourism,
Air Arabia to Launch Third Daily Sharjah–Bangkok Flight from October 2025
Prime Highlights: Air Arabia to operate third daily non-stop Sharjah–Bangkok flight from 26 October 2025. New flights will boost air