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Press Dossier   By Date  27/08/2025
Saudi housing deals top $20bn in H1 as Madinah leads growth: Knight Frank
Saudi Arabia’s residential market recorded nearly 93,700 deals in the first half of the year, a 7 percent year-on-year increase, driven by strong mortgage activity and government support, according to Knight Frank.
Closing Bell: Saudi main index sheds; trade volume nears $2bn
Saudi Arabia’s Tadawul All Share Index fell on Tuesday, losing 23.30 points, or 0.21 percent, to close at 10,874.74.
Saudi Arabia’s Humain to launch data centers with US chips in early 2026, Bloomberg News reports
Humain, Saudi Arabia’s new artificial intelligence company, has begun construction of its first data centers in the Kingdom, and plans to bring them online in early 2026 using semiconductors imported from the US, Bloomberg News reported on Monday.
Saudi Kafalah program drives 98% financing surge for entertainment SMEs
Entertainment focused small and medium enterprises in Saudi Arabia experienced a 98 percent year-on-year increase in financing during the second quarter of 2025.
Saudi Arabia’s digital government push driving top-10 ranking ambition: KPMG
Saudi Arabia is fast-tracking the unification of its government platforms, with 267 already merged as the Kingdom seeks a top-10 global ranking by 2030, according to KPMG Middle East.
Kuwait records $3.46bn budget deficit in 2024-2025, well below forecast
Kuwait recorded an actual budget deficit of 1.06 billion dinars ($3.46 billion) for the 2024-2025 fiscal year ending March 31, significantly lower than the projected shortfall of 5.6 billion dinars.
NBK signs MoU with KBA to support law professionals
In line with its unwavering commitment to supporting the national economy and Kuwait’s 2035 vision, National Bank of Kuwait signed a memorandum of understanding with Kuwait Bar Association (KBA), aiming to attract law experts and graduates from diverse legal backgrounds and specialties.
KFAED inks KD 4m loan agreement with Nicaragua
Kuwait Fund for Arab Economic Development (KFAED) signed Tuesday a loan agreement with Nicaragua worth KD 4 million ($13 million) to contribute to financing the construction of the Prinzapolka Bridge on the Rio Blanco-Siuna Highway.
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