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Press Dossier   By Date  31/07/2025
IMF lifts Saudi outlook Growth to 3.6% for 2025
Saudi Arabia: The International Monetary Fund has raised its 2025 economic growth forecast for Saudi Arabia to 3.6 percent, up from the 3 percent projected in April, citing stronger non-oil sector performance and the expected unwinding of OPEC+ production cuts.
GCC inflation remains stable through Q2
Saudi Arabia: Gulf Cooperation Council inflation rates remained stable throughout the second quarter of 2025 despite heightened geopolitical instability, a new report showed.
Education leads $3.16bn weekly retail spend in Kingdom
Saudi Arabia: Education spending in Saudi Arabia increased by 3.6 percent in the week ending July 26, driving total point-of-sale transactions to SR11.87 billion ($3.16 billion), even as most other sectors saw declines.
Boursa Kuwait net profit surges 61% in H1
Boursa Kuwait net profit surges 61% in H1
UAE Central Bank revokes Al Nahdi Exchange’s licence over money laundering violations
United Arab Emirates: The Central Bank of the UAE (CBUAE) announced in a statement that it has decided to revoke the licence of Al Nahdi Exchange and remove its name from the register under Article 137 of Federal Decree-Law No. (14) of 2018 concerning the Central Bank and the regulation of financial institutions and activities, along with its amendments.
Adnoc Drilling's revenues rise 30% to $2.37 billion in first half
United Arab Emirates: Adnoc Drilling Company announced its financial results for the second quarter and first half of 2025, delivering record-breaking performance across revenue, EBITDA and net profit while maintaining strong momentum in shareholder returns and delivering regional expansion.
Sharjah's Central, Eastern regions realty transactions hit Dhs1.6 billion
United Arab Emirates: According to the “Real Estate Transactions Report” issued by Sharjah Real Estate Registration Department (Sharjah RERD), the total value of real estate transactions in Sharjah’s Central and Eastern Regions during the first half of 2025 has reached Dhs1.6 billion, reflecting a significant increase of 143 per cent compared to the same period in 2024.
Nissan Formula E Team celebrates a landmark season 11 with proud Saudi sponsor Electromin
Saudi Arabia: As the chequered flag waved at the season finale in London, Nissan Formula E Team brought down the curtain on one of its most dynamic and thrilling seasons to date in the ABB FIA Formula E World Championship. Season 11 was a year of bold moves, fast-paced drama and innovation.
UAE announces fuel prices for August
United Arab Emirates: The UAE Fuel Price Committee approved the fuel prices for August 2025 as follows:
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