Middle East ETP News
you are currently viewing::Saudi Tadawul profit surges 60% on higher trading valueMarch 3, 2025-Saudi Tadawul Group, the owner and operator of the kingdom's stock exchange, reported a 59 percent jump in 2024 profit, as annual trading value and listing services revenues rose by 38 percent and 27 percent, respectively. Net profit was SAR622 million ($166 million) compared to SAR390 million in 2023, the company said in a bourse filing on Sunday. The average daily traded value reached SAR7.5 billion last year and 58 new securities were listed, taking the total to 353, the company said. Source: agbi.com |
Growth in the Middle East and North Africa Forecast to Moderately Accelerate in 2025 Amidst Uncertainty
April 23, 2025—According to the World Bank's latest Middle East and North Africa Economic Update, entitled Shifting Gears: The Private Sector as an Engine of Growth in the Middle East and North Africa, the region is estimated to have grown at a modest 1.9 percent in 2024 and growth is forecast to moderately rise to 2.6 percent in 2025.
