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QUOTED
“The number of individual investment portfolios in the Saudi main stock market achieved a year-on-year growth of approximately 12 percent in the third quarter of 2024, reaching 12,755,615 investment portfolios. This figure records an increase of more than 1.32 million investment portfolios, compared to the same period in 2023, when it stood at 11,434,692 investment portfolios, according to the quarterly statistical bulletin issued by the Capital Market Authority.” Individual investment portfolios in Saudi stock market grows 12% in 3Q 2024 [Zawya]
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TOP STORY
The General Authority for Statistics (GASTAT) released its 2024 Health Status Statistics Publication with 97.4% of adults (aged 15 and above) rating their health as good or better. [more]
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MORE TOP STORYLINES
Via Mark Lomas in alarabiya.net: As the sports landscape in Saudi Arabia continues to shift and develop, more heroes than ever before are emerging across a variety of sports – their athletic achievements helping put the Kingdom on the sporting map. In a year that saw the Olympic Games take place in Paris, there were several new faces who saw their reputations explode – as well as some established names who consolidated their sporting celebrity. Here Al Arabiya English rounds up the biggest Saudi sports stars of 2024.
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Via Pramod Kumar in agbi.com: Saudi Arabia has extended the deadline for submitting proposals for exploration licenses for its first mineralised belts. The extension was granted following a request from qualified bidders, seeking more time to complete the procedures, the Ministry of Industry and Mineral Resources said. In November the ministry announced 14 pre-qualified bidders for the five mineralised sites. The proposal submission deadline is now set at January 21, 2025, with the bid opening slated for February 11. The winning companies are set to be announced on February 16. In July, the ministry’s official spokesperson, Jarrah bin Mohammed Al-Jarrah, said that Jabal Sayad and Al-Hajjar are the largest mineralised belt sites – an area containing several mineral deposits.
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in thenationalnews.com: Gulf countries on Thursday issued a firm call for Israel to withdraw from the Syrian lands it recently occupied after taking advantage of a security vacuum following the collapse of the former regime. The call was issued at the start of an extraordinary meeting for the ministers of foreign affairs of the Gulf Co-operation Council (GCC) in Kuwait to discuss recent developments in Syria and Lebanon. “Israels attacks on Syria and occupation of the buffer zone are a flagrant violation of international laws and Security Council resolutions,” the Secretary General of the Gulf Co-operation Council Jasem Al Budaiwi said in his opening speech. Since the collapse of president Bashar Al Assad’s regime this month, Israel has bombed hundreds of weapons sites, airbases and naval assets in Syria and sent troops into a buffer zone in the occupied Golan Heights. Israeli officials have called the incursion a limited and temporary measure to ensure the security of Israel’s borders but have not indicated when the troops will be withdrawn.
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MORE ON THE KINGDOM AND BEYOND
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Saudi Arabia has finalised an arrangement for securing a shariah-compliant revolving credit facility worth $2.5 billion, the...[By Enas Alashray and Ahmed Tolba via reuters.com]
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Dakar Rally drivers and riders recount Stage 2 of the event, where competitors took two days to traverse nearly 1000 km....[via youtube.com]
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Saudi Arabia's Public Investment Fund plans to raise $7 billion from its first murabaha credit facility, as the fund diversifies its funding...[By Aarti Nagraj via thenationalnews.com]
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Saudi Arabia raised $12 billion from global debt markets in a three-part bond sale, attracting strong investor...[By Rachna Uppal and Enas Alashray via reuters.com]
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Saudi Arabia’s Interior Ministry confirmed that the provisions of the “Use of Security Surveillance Cameras” law prohibit the transfer or publication of security surveillance camera...[via arabnews.com]
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Among the venues announced Tuesday for the 24-team regional competition were the 70,000-capacity King Fahd Sports City Stadium and King Saud University Stadium, both in...[via france24.com]
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That the Gulf’s various sovereign wealth funds have become some of the most dominant players in global dealmaking has rarely been in...[By Matthew Martin via bloomberg.com]
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Saudi Arabia’s water sector witnessed significant shifts in 2023, with a 31 percent increase in desalinated seawater production, now comprising 50 percent of the country’s...[via azernews.az]
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Saudi Arabia will need estimated funding of SAR139 billion ($37.02 billion) in 2025 to cover the potential budget deficit. Finance minister Mohammed Al Jadaan has approved...[By Pramod Kumar via agbi.com]
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Saudi Coffee Company has launched its second annual Saudi Sip of Excellence Competition in partnership with the global nonprofit Alliance for Coffee Excellence. Designed...[By April Hawksworth via gcrmag.com]
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Saudi Arabia, one of the largest bond issuers in emerging markets last year, has started 2025 with a funding spree as the country fuels its...[By Abeer Abu Omar and Matthew Martin via yahoo.com]
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Jeddah King Abdulaziz International Airport and Riyadh King Khalid International Airport each posted record passenger traffic in 2024, reflecting the continuing strong performance of aviation...[By Dermot Davitt via moodiedavittreport.com]
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The world’s top crude oil exporter, Saudi Arabia, has raised the price of its crude loading for Asia in February by more than expected...[By Tsvetana Paraskova via oilprice.com]
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The Communications, Space and Technology Commission (CST) and the Saudi Standards, Metrology and Quality Organization (SASO) have announced that the first mandatory phase of the...[By Aayushya Ranjan via techafricanews.com]
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In a move that has both bemused and intrigued the global beverage industry, Saudi Arabia has launched Milaf Cola, a fizzy drink made from dates....[via youtube.com]
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WWE, in partnership with The General Entertainment Authority (GEA), on behalf of HE Turki Alalshikh, announced that the 39th annual Royal Rumble will be held in January...[via wwe.com]
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The UAE has emerged as Africa’s largest backer of new business projects, with Emirati companies committing $110bn (£88bn) to projects between 2019 and 2023, including...[via middleeastmonitor.com]
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For a significant period of time, Iran’s status as a rising power within the region has been regarded as a consistent reality in assessing Middle Eastern...[By Daniel Lincoln via juancole.com]
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A staunch anti-immigrant conservative who was a spokesperson for the White House during Donald Trump's first year in office in 2017 is returning to government...[via middleeasteye.net]
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