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Press Dossier   By Date  23/08/2025
Saudi Fund for Development continues lending helping hand to emerging economies
At a time when the world is getting fragmented due to geopolitical tensions and ongoing wars, Saudi Arabia’s development fund is becoming a beacon of hope, as it continues to provide soft loans and grants for emerging economies.
Saudi construction costs edge up 0.7% in July on diesel, rental rates: GASTAT
Rising diesel prices and higher equipment rental rates pushed up building costs in Saudi Arabia by 0.7 percent year on year in July, official data showed.
GCC Islamic insurers see growth but face 2025 profit squeeze, S&P says
The Gulf Cooperation Council’s Islamic insurance sector is set to maintain around 10 percent annual growth in 2025 and 2026, buoyed by population expansion, infrastructure spending, and regulatory reforms, according to S&P Global Ratings.
Closing Bell: Saudi main index slips to close at 10,866
Saudi Arabia’s Tadawul All Share Index edged lower on Thursday, slipping 11.24 points, or 0.10 percent, to end at 10,866.83.
UAE central bank boosts gold reserves by 26% to $7.9bn in first 5 months
Gold reserves held by the Central Bank of the UAE increased by 25.9 percent during the first five months of 2025 to reach 28.93 billion dirhams ($7.9 billion).
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