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International Trade Report: Saudi Arabia's Non-Oil Trade Surplus with GCC Countries Grows by 600% 🔝 The Saudi non-oil trade balance achieved a significant surplus with the Gulf Cooperation Council (GCC) countries during the second quarter of 2024, reaching 5.743 billion Saudi riyals, with a total value of 6.776 billion riyals. This remarkable growth, amounting to 600% year-on-year, highlights Saudi Arabia's expanding non-oil trade sector. 🔝 According to the latest international trade report from the General Authority for Statistics, the growth in non-oil trade reflects the increasing economic integration and cooperation between Saudi Arabia and the GCC countries, showcasing the Kingdom's strengthening position in the regional economy. The non-oil commodity exports, including national exports and re-exports, totaled 24.392 billion riyals. This marks a 31% increase, or 5.765 billion riyals, compared to the same period in 2023 when exports were valued at 18.627 billion riyals. In contrast, the total non-oil imports reached 17.616 billion riyals. Here’s a breakdown of non-oil exports, including re-exports, to GCC countries: 🇦🇪 #UAE leads with a trade value of 15.070 billion riyals ($4.02 billion), contributing to 61.8% of the total. 🇧🇭 #Bahrain ranks second with 5.792 billion riyals ($1.54 billion), accounting for 23.7% of the total. 🇰🇼 #Kuwait follows in third place with 1.823 billion riyals ($486 million), representing 7.5% of the total. 🇴🇲 #Oman stands in fourth with 965 million riyals ($257 million), making up 4% of the total. 🇶🇦 #Qatar is fifth with 741 million riyals ($198 million), covering 3% of the total. These figures underscore Saudi Arabia's growing economic ties and trade exchange with GCC countries, reinforcing its position as a key player in regional trade.

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🎥 Sovereign Wealth Funds: The Shifting Sands of Private Capital in the Gulf The Gulf region is undergoing a transformative moment in the private capital landscape. With new leadership at sovereign wealth funds like the Qatar Investment Authority and Kuwait Investment Authority coupled with strategic moves like new leadership NEOM's and HE Yasir Al Rumayyan appearance at the #UFC309 with President Donald Trump, the ripple effects will be significant. 🌍 What does this mean for international investors eyeing the Middle East? And how should we, as an ecosystem, prepare for the opportunities ahead? Watch now and share your thoughts in the comments! 💬 👉 Don’t miss our insights and upcoming articles in MAGNiTT's bi-weekly newsletter. Sign up here: https://lnkd.in/dm4fgFWe #PrivateCapital #SovereignWealthFunds #VentureCapital #MiddleEast #GulfLeadership #QIA #KIA #PIF #NEOM #MENAStartups #FutureOfInvestment

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Saudi Arabia Leads Dividend Distributions in Emerging Markets for the Second Consecutive Quarter of 2024 🥇In the second quarter of 2024, Saudi Arabia continued to lead the list of emerging markets with the highest dividend distributions, reaching $8.7 billion, reflecting the strong economic growth and foreign investment attraction. China followed with distributions of $6.3 billion. 🔝Comparison of dividend distributions in emerging markets between Q1 and Q2 of 2024: This continuous performance in emerging markets reflects Saudi Arabia's efforts to boost investments, enhance its business environment, and support the local economy in line with Vision 2030. #SaudiArabia #EconomicGrowth #ForeignInvestments #Vision2030 #EmergingMarkets #Dividends #SaudiLeadership #China #Brazil #Indonesia #UAE #Colombia #India #Thailand #Mexico #SouthAfrica #Kuwait #Philippines #Chile

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The #UAE ranked second worldwide for #Greenfield Foreign Direct Investment (#FDI) projects: In 2023, the UAE achieved an impressive 1,280 greenfield FDI projects, trailing only behind the United States. This represents a remarkable 36% year-on-year growth, elevating the UAE from fifth place in 2022 to second place globally. #Dubai led the charge, retaining its position as the top city globally with 1,036 projects, a 32% increase year-on-year. #AbuDhabi also made significant strides, ranking 6th with 172 projects, marking a substantial 74% growth. Total FDI capital inflows into the UAE surged by 33% year-on-year, reaching USD 15.08 billion. Dubai attracted the largest share with USD 6.81 billion, followed by Abu Dhabi with USD 4.48 billion and Sharjah with USD 2.75 billion. These achievements underscore the UAE's dynamic and attractive investment landscape, reinforcing its position as a global investment hub. #BearBull #MFO#Dubai #AbuDhabi #Sharjah #Investment #GreenfieldProjects #EconomicGrowth #GlobalBusiness #SustainableDevelopment Source: World Investment Report 2024

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Sanabil: The Investment Arm of the PIF Sanabil Investments, a specialized investment company, commits approximately $3 billion annually to private investments, including venture capital, growth strategies, and small acquisitions. As the investment arm of the Public Investment Fund (PIF), Sanabil allocates 50% of its portfolio to venture capital, 30% to private equity, and 20% to liquid assets. In a strategic move on August 7, 2024, Crown Prince Mohammed bin Salman issued a decision to transfer 4% of the state's ownership in Saudi Aramco to Sanabil Investments, valued at $77.3 billion. This significant transfer enhances Sanabil’s capability to expand its investments and diversify its portfolio. 🔅 Sanabil's Key Role: 🔹️ Diversified Investments: Sanabil manages a diversified investment portfolio, including equities, real estate, and alternative assets, enabling PIF to balance risk and return effectively. 🔹️ Transparency and Credibility: Operating under the highest standards of governance, Sanabil ensures investor confidence and aligns with global best practices in financial management. 🔹️ Local and Global Expertise: Leveraging deep market insights, both locally and globally, Sanabil identifies and capitalizes on high-potential investment opportunities. 🔹️ Strategic Support: Sanabil provides ongoing strategic advisory to PIF, aiding in achieving long-term investment goals. 🔅 Sanabil's Partnerships and Investments: 🔹️ Strategic Partnerships: Sanabil collaborates with over 50 leading venture capital and private equity firms, including Blackstone, KKR, Andreessen Horowitz, and General Atlantic. 🔹️ Diverse Investment Portfolios: Sanabil actively invests in multiple asset classes: ✔️ Venture Capital Portfolio: Allocating $2 billion annually, Sanabil is committed to fueling growth in startups and innovative enterprises. ✔️ Private Equity Portfolio: Sanabil's investments include industry leaders across various sectors, fostering sustainable growth. ✔️ Liquid Assets Portfolio: Sanabil ensures liquidity and stability by investing in quickly convertible assets. 🔅 Sanabil's Strategy: 🔹️ Focus on Innovation and Growth: Sanabil targets early-stage investments, with a particular focus on high-growth sectors such as technology and healthcare. 🔹️ Future Vision: Since its founding in 2009, Sanabil has embraced a forward-looking investment approach, aligning with Saudi Arabia’s Vision 2030 by pursuing higher-risk, higher-return opportunities. 🔹️ Seizing Global Opportunities: Sanabil is strategically positioned to capture and maximize value from the most promising global investments, contributing to accelerated economic growth in Saudi Arabia. #venturecapital #pif #investment #investing #invest #business #money

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almowazi is your gateway to unlisted, delisted and OTC companies. In this week's #marketmovers: * BIG - Beyout Investment Group is Boursa Kuwait's latest Initial Public Offering (IPO) and newly listed company on the premier market. * Gulf Petroleum Investment International limited commonly known as PetroGulf is delisting from the main market of Boursa. * REAM Real Estate Company successfully completed an auction, which saw the sale of 21 residential plots in Fnaitees and an investment plot in Maboula.  * Assembly meeting of OTC 29 The International Investor Company (under liquidation) approved to extend the liquidation period. * At the upcoming #assemblymeeting of AlDawly Takaful Insurance Company the board of directors will propose the distribution of 7% cash #dividends to shareholders * Active trading in the shares of MUSHRIF Trading & Contracting Co. KSCP, and Jeeran Holding Co this week. Refer to the #weeklymarketupdate for details regarding #trades, #volumeoftrading, #vwap Sign up with the almowazi newsletter. https://conta.cc/3XeGAfc

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Reiterating on Al Arabiya News Channel that #US tariffs on #China are disappointing and political. Given the opportunity, #China would build #US factories for the #US market. It is a setback for #climate policy. Access to cheaper #EVs, advanced #batteries, and #solarpanels will be restricted. The US #solar industry, which stands at 179 GW of total installation vs. 3000 GW in China, will continue to struggle. KraneShares #ETFs. https://ara.tv/5kg9d #Saudiarabia #uae

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The GCC: A Strategic Investment Frontier. In the next decade, the GCC - especially Dubai - will stand as one of the world’s most compelling investment hubs. Projections show the region's economy growing at an average of 4% annually, driven by sectors like technology, renewable energy, and infrastructure. With Dubai leading the charge, the UAE alone is set to attract over $150 billion in FDI by 2030, according to the IMF. Why invest now? Dubai's strategic location offers unparalleled access to markets worth over $7 trillion across the Middle East, Africa, and South Asia. Add to that its commitment to smart cities, AI, and renewable energy, and you're looking at a future-proof environment that rewards forward-thinking capital. The key isn't just identifying growth—but aligning with a region that’s built for the long term. As I often say, it's far better to buy a wonderful company at a fair price than a fair company at a wonderful price. And the GCC is offering more than fair returns for those ready to make bold moves. W Ventures Holding

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Saudi Arabia's Non-Oil Exports Surge by 16.8% in Q3 2024 Saudi Arabia continues to strengthen its position in international trade, achieving remarkable growth in non-oil exports and diversifying its economy. The Kingdom's efforts to expand its global trade partnerships and increase the contribution of non-oil sectors align with its ambitious goals for sustainable economic development. 🔆 Key Highlights ⏫ Non-Oil Exports (including re-exports): Increased by 16.8% compared to Q3 2023. ⏫ National Non-Oil Exports (excluding re-exports): Rose by 7.6% compared to Q3 2023. ⏫ Re-exports: Achieved an impressive growth of 48.4% over the same period. ⏫ Imports: Increased by 11.4% in Q3 2024. 🔽 Oil Exports: Decreased by 14.9%, reducing the share of oil exports to 71.3% of total exports. 🔽 Trade Balance Surplus: Declined by 43.4%, amounting to approximately SAR 122.256 billion. 🔆 Details of Exported and Imported Goods ⏫ Chemical Products: Accounted for 25.5% of total non-oil exports, growing by 5.3% compared to Q3 2023. ⏫ Plastic and Rubber Products: Represented 24.9% of total non-oil exports, marking an 8.9% increase over the previous year. ⏫ Machinery and Electrical Equipment: Comprised 26.5% of total imports, showing a significant growth of 30.8% compared to Q3 2023. ⏫ Transportation Equipment and Parts: Made up 15.0% of total imports, with a 9.0% increase compared to the previous year. 🔆 Top Trading Partners ↔️ China: The largest trading partner, accounting for 15.2% of total exports and 24.8% of total imports. ↔️ Other Key Markets: Japan, South Korea, and India are prominent destinations for Saudi exports. Germany, the United States, and Egypt are among the leading sources of imports. 🔆 Major Customs Ports for Imports ↔️ King Abdulaziz Port (Dammam): Handled 29.9% of total imports. ↔️ Jeddah Islamic Port: Managed 20.1% of total imports. ↔️ King Khalid International Airport (Riyadh): Accounted for 12.6% of total imports. 🔆 Future Outlook These figures highlight Saudi Arabia’s ongoing success in becoming a global trade hub by: ⏫ Strengthening the role of re-exports as a key driver of trade. ⏫ Increasing the contribution of non-oil sectors to the national economy. ↔️ Expanding strategic partnerships with global markets. #Vision2030 #NonOilExports #ReExports #InternationalTrade #SaudiArabia #China #Japan #SouthKorea #India #Germany #UnitedStates #Egypt

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🔝 Saudi Arabia: The New Frontier for Foreign Investment In 2023, foreign direct investment (FDI) inflows in Saudi Arabia reached an impressive $25.5 billion, surpassing the National Investment Strategy target by 16%. This achievement reflects the kingdom’s growing economic strength and attractiveness to global investors. Key highlights: 🔝 50% annual growth in FDI, contributing 2.4% to GDP. 🔝 $240 billion in FDI stock, with a 13% annual increase. 🔝 Ranked 11th in FDI Net Inflow among G20 countries and 2nd in FDI Net Inflow Growth Rate. 🔸️ Highest inflows in Eastern Region, Riyadh & Makkah. 🔸️ Top sectors attracting foreign investments include Manufacturing, Wholesale & Retail, Finance & Insurance, Transportation & Storage, and Construction. Leading investors from #US, #UAE, #UK, #France, and #Jordan showcase the trust and confidence in Saudi Arabia's business environment. 🔸️ This growth marks a threefold increase since 2016, reinforcing Saudi Arabia’s status as a hub for ambitious investment and development. #SaudiArabia #ForeignDirectInvestment #EconomicDevelopment #BusinessOpportunities #InvestmentGrowth #FDI #MiddleEastBusiness #GlobalEconomy #FinanceIndustry #ManufacturingSector #TradeAndInvestment #InternationalBusiness #EconomicStrength #SaudiVision2030 #InvestmentOpportunities #StrategicLocation #RealEstate #Tourism #Travel #Hospitality #Leadership #Innovation #Investment #FII FII Institute

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Excited to share my recent interview with Arabian Business, featured on pages 12-13! A big thank you to Arabian Business for the opportunity to share my thoughts on these pivotal topics. 👇 Click the link below to access the full interview and join the conversation! #R136insights

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A Dubai-based fund-of-funds focused on backing emerging venture investors, has raised $5 million of the $10 million target for its debut fund. Amkan Ventures is connecting family offices in the Gulf region and emerging U.S.-based VCs — two groups unlikely to otherwise meet. A fund led by Female GP Raida Daouk El Jisr decided to raise a fund after helping a number of family offices and other institutions vet and invest in American venture firms and tech startups as a consultant and building out another prior employer's portfolio. #fundraising #investment #GCC #USfunds #venturecapitalists #limitedpartners #generalpartners #Funds #LPs #GPs #VCs #emergingfunds #fundmangergs

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$100 Billion in FDI Flows to Saudi Arabia Over 42 Months – Surpassing Targets by 55%! 🔝 The Ministry of Investment has revealed that Saudi Arabia attracted $99.5 billion in foreign direct investment (FDI) from 2021 to mid-2024, exceeding the target of $64.3 billion by 55%. In addition, fixed capital formation during the same period reached $960 billion, surpassing the National Investment Strategy’s goal of $586.7 billion by 30%. 🔅 Key Insights from the FDI and Capital Formation Report: 🔸️ Saudi Arabia ranked 2nd among G20 nations in FDI net inflow growth in 2023, achieving a remarkable 90% increase. 🔸️ Ranked 4th among G20 nations for FDI stock growth, with an annual increase of 13%. 🔸️ Ranked 11th for FDI net inflows and 16th for FDI stock among G20 countries. 🔅 Driving Factors for Success: 🔸️ Comprehensive government efforts, led by the Ministry of Investment’s promotional programs, which positioned Saudi Arabia as a top global destination for foreign investment. 🔸️ Strategic mega-projects spearheaded by the Public Investment Fund (PIF), stimulating local and international private sector involvement. 🔅 Highlights from the Report: 🔸️ Since the launch of Vision 2030, Saudi Arabia’s FDI stock has grown from $133.9 billion in 2017 to $240 billion in 2023, achieving an annual growth rate of 10%. 🔸️ FDI inflows grew annually by 23%, reaching $25.6 billion in 2023, surpassing the target of $22.1 billion by 16%. Key regions leading FDI stock in 2023: Eastern Province, Riyadh, and Makkah. Top-performing sectors: manufacturing, wholesale and retail trade, financial services, insurance, and transportation, accounting for 70% of total FDI stock. 🔅 Looking Ahead to 2024: The National Investment Strategy aims for FDI inflows of $29.1 billion in 2024, with indicators showing strong growth momentum in the first half of the year. This is supported by Saudi Arabia’s attractive economic environment and the massive PIF-backed mega-projects, which continue to inspire both local and international investors. These results reflect Saudi Arabia's economic strength and competitiveness, reaffirming its position as a leading global destination for foreign investment and a key driver of Vision 2030. #SaudiArabia #FDI #Investment #Opportunities #Vision2030 #GlobalEconomy #EconomicGrowth وزارة الاستثمار

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Saudi Arabia Receives Invitation to G7 Summit, Strengthening Diplomatic Stance 🔸️Saudi Arabia has officially received an invitation for Crown Prince 𝑴𝒐𝒉𝒂𝒎𝒎𝒆𝒅 𝒃𝒊𝒏 𝑺𝒂𝒍𝒎𝒂𝒏 to attend the G7 Summit in Italy 🇮🇹 this June. 🔸️This invitation underscores the Kingdom's economic importance as the largest oil producer and its pivotal role in stabilizing global energy markets. 🔆Saudi Arabia plays a significant political and diplomatic role in resolving regional and international conflicts. 🔆This move also recognizes Saudi Arabia's efforts in economic reforms and the implementation of Vision 2030 to promote sustainable development and diversify the economy. 💡In another context, Saudi Arabia has decided not to attend the peace conference on the Ukraine-Russia war in Switzerland due to the absence of Russia. The Kingdom affirmed that peace cannot be achieved without the participation and agreement of the conflicting parties. #SaudiArabia #USA #UK #Canada #France #Germany #Italy #Japan #Russia #Ukraine #Switzerland #China #diplomacy #crownprince #internationalrelations #middleeast #sustainabledevelopment #vision2030 #ukrainerussiawar #G7

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The Future Investment Initiative: Driving Over $125 Billion in Deals 🔸️ Yasir Al Rumayyan, Governor of the Public Investment Fund (PIF), announced that since its inception, the Future Investment Initiative (FII Institute ) has facilitated deals exceeding $125 billion. 🔸️ The Public Investment Fund currently manages assets totaling $930 billion, with a significant shift underway in our investment distribution model. 🔸️ Opening the FII conference in #Riyadh, he noted that global challenges, such as economic instability, rising living costs, and healthcare disparities, create new avenues for progress. 🔸️ “We have both the responsibility and the opportunity to shape a future that invests not only in the economy but in humanity itself. This requires sustainable, long-term investment to ensure lasting impact.” 🔸️ As investors, we must prioritize sectors driving transformation, from green energy technologies and healthcare innovations to youth engagement through sports. 🔸️ Saudi Arabia stands as a critical global hub, leveraging its resources and strategic location to advance investments in key areas like energy and technology. 🔸️ While financial returns are essential, economic, social, and environmental outcomes must be integrated at the heart of our decision-making processes. 🔸️ By 2030, emerging markets are projected to surpass advanced economies, underscoring #Investment #EconomicDevelopment #SustainableGrowth #FutureInvestment #SaudiVision2030 #ArtificialIntelligence #GreenEnergy #Innovation #HealthcareTransformation #YouthEmpowerment #GlobalEconomy #StrategicInvestments #RealEstate #Tourism #Travel #Hospitality #Leadership #EconomicGrowth #AI #Technology #EmergingMarkets

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Maximize your profits and secure your future by trading with UAE-regulated platforms. Avoid the risks of unregulated entities and trade with confidence. Choose a trusted path for your investments and ensure safe, smart growth. #MatajarGroup #MirageInternationalTrade #SecureInvestments #RegulatedTrading #SmartTrading #FinancialGrowth #SafeInvesting #FutureProfits #TradeSmart #UAEFinance

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Powering Global Trade: Saudi Arabia’s $300M Partnership with Glencore to Boost Non-Oil Exports 🔆 The Saudi Export-Import Bank (Saudi EXIM Bank) has signed a $300 million credit facility agreement with @Glencore International, one of the world's largest commodity production and marketing companies. This agreement aims to enhance the expansion and reach of Saudi non-oil exports, particularly in the mining sector, to over 156 markets worldwide. 🔆 Under the agreement, the Saudi Export-Import Bank will provide financing to Glencore to boost its purchases of minerals exported from the Kingdom and market them to international buyers. This initiative seeks to strengthen the position of Saudi mineral exports and broaden their global footprint. 🔆 The agreement was announced during a roundtable organized by the bank in collaboration with the Ministry of Industry and Mineral Resources in Geneva, titled "Saudi Arabia: A Crossroads for International Trade in Goods," attended by Khalid bin Saleh Al-Mudaifer, Vice Minister for Mining Affairs. 🔆 Eng. Saad Alkhalb, CEO of the bank, stated that this agreement represents a significant step towards enhancing the status of Saudi mineral exports and expanding their geographical scope. He emphasized the bank's commitment to supporting initiatives aimed at achieving the aspirations of the Kingdom's Vision 2030 in strengthening the mining sector and maximizing its impact on both the national and global economy. 🔆 This strategic partnership is expected to open new investment and trade opportunities, contributing to the development of the national economy and diversification of income sources. #SaudiExports #InternationalTrade #MiningIndustry #Glencore #SaudiVision2030 #GlobalMarkets #ExportFinance #EconomicPartnership #NonOilExports #TradeAgreements

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Interesting read: In 2024, the UAE leads as the top destination for high-net-worth individuals. Economic stability, favorable tax policies, a thriving real estate market, and exceptional quality of life drive this success. The Emirates’ strategic vision and innovation ensure it remains a premier hub for global wealth and investment.

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EW Partners: $600M Investments in Saudi Arabia with Potential Market Listings 🔆 ewpartners: Our investments in Saudi Arabia exceed $600 million, with potential for listing some of our companies on the Saudi stock market. @Jessica Wong, the founder and managing partner of EW Partners, revealed that the company's investments in Saudi Arabia surpass $600 million. The company established its platform in Riyadh six years ago as a hub for the entire region, and its fund currently manages several high-growth products. In an interview with Argaam during the Fintech 24 Conference in Riyadh, Wong mentioned that their first flagship product is a $400 million Digital Innovation Fund, which has backed 18 innovative ventures over the last four years, including the Saudi Cloud Computing Company (SCCC) and Sahm Capital Financial. She also hinted at the possibility of listing some of these companies on the Saudi stock market. Wong emphasized the company's strong focus on supporting Saudi Vision 2030 through its partnership with local stakeholders. EW Partners is committed not only to creating jobs but also to fostering talent through cross-industry knowledge exchange programs. She further noted the massive potential for growth in Saudi Arabia, particularly as traditional industries accelerate their shift toward digital transformation. The demand for tech-driven innovation is seen as the greatest opportunity. Wong highlighted that building an advanced digital infrastructure in the Kingdom will further propel innovation and economic diversification. EW Partners is an international investment platform with headquarters in Saudi Arabia and China, backed by major sovereign wealth funds in the Middle East. It leads the charge in economic transformation and diversification across the Middle East and North Africa (MENA) region. #SaudiArabia #Investment #DigitalTransformation #Innovation #Fintech #Vision2030 #EconomicDiversification #Technology #CloudComputing #Jobs #Entrepreneurship #MENA #Business #Investments #FutureofWork

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