萝莉视频

萝莉视频鈥檚 Tadawul dominates Arab exchanges with 62% market share in 2024

萝莉视频鈥檚 Tadawul dominates Arab exchanges with 62% market share in 2024
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Updated 09 March 2025

萝莉视频鈥檚 Tadawul dominates Arab exchanges with 62% market share in 2024

萝莉视频鈥檚 Tadawul dominates Arab exchanges with 62% market share in 2024
  • Arab stock exchanges saw strong growth in 2024, with total trading values rising by 58.1% to surpass $1.03 trillion

RIYADH: 萝莉视频鈥檚 Tadawul reinforced its position as the Arab world鈥檚 leading stock exchange, accounting for 62 percent of the total market capitalization of regional platforms in 2024.

A recent report by the Arab Federation of Capital Markets said Tadawul鈥檚 market capitalization overshadowed other regional exchanges, with the Abu Dhabi Securities Exchange following at a distant 18.6 percent.

The Dubai Financial Market, with a share of 5.6 percent, the Qatar Stock Exchange at 3.9 percent, and Boursa Kuwait, holding 3.2 percent, rounded out the top five.

This dominance comes amid strong performance in the Saudi market, leading the region with the highest turnover ratio of 247.1 percent.

The trading value at Tadawul reached $496.6 billion, significantly outpacing other markets.

The Arab Federation of Capital Markets achieved an 84.4 percent increase in total revenues, from $689,503 in 2023 to $1.2 million in 2024.聽
The FTSE-AFCM Low Carbon Select Index rose 4.9 percent in 2024, indicating increased investor interest in low-carbon companies.

Iraq Stock Exchange鈥檚 ISX60 index experienced a 20.2 percent surge in 2024 to 1,074 points, while Muscat Stock Exchange鈥檚 MSX30 index saw a 1.4 percent increase to 4,577 points.聽

Abu Dhabi Securities Exchange鈥檚 FADGI index witnessed a 1.7 percent decline to 9,419 points, and QSE鈥檚 QE index dipped by 2.4 percent in 2024 to 10,571 points.

Arab stock exchanges saw strong growth in 2024, with total trading values rising by 58.1 percent to surpass $1.03 trillion. The Egyptian Exchange led the way with a substantial 210.3 percent increase in trading value, reaching $324.4 billion.聽

Other exchanges also saw positive results, such as the Casablanca Stock Exchange, which grew by 55.2 percent, and the Damascus Stock Exchange, which saw a 163.3 percent increase.聽

Some platforms, including the Palestine Exchange, which saw a 56.4 percent decline in trading value, faced challenges.聽

Overall, trading volumes across the region grew by 21.3 percent, and the number of trades increased by 35.9 percent, reflecting a dynamic financial landscape with varying performances across different markets.

The S&P Pan Arab Composite Index rose by 1.9 percent year-on-year in December, while the Amman Stock Exchange index posted a modest 2.4 percent growth. The Casablanca market saw its MASI index jump by 22.2 percent, demonstrating strong performance in the Moroccan market.聽

The Damascus Stock Exchange index registered the largest increase at 65.7 percent, and the Saudi Exchange index saw the smallest growth at 0.6 percent during this period.


Manufacturing, mining sectors drive Saudi industrial growth to 3.1 percent: GASTAT

Manufacturing, mining sectors drive Saudi industrial growth to 3.1 percent: GASTAT
Updated 7 sec ago

Manufacturing, mining sectors drive Saudi industrial growth to 3.1 percent: GASTAT

Manufacturing, mining sectors drive Saudi industrial growth to 3.1 percent: GASTAT

RIYADH: 萝莉视频鈥檚 Industrial Production Index expanded by 3.1 percent year on year in April, driven by strong growth in the manufacturing, mining, and quarrying industries, official data showed. 

According to preliminary data from the General Authority for Statistics, the Kingdom鈥檚 IPI advanced to 108.6 in April, representing a 0.6 percent rise compared to the previous month. 

The latest IPI figures reinforce the progress of 萝莉视频鈥檚 economic diversification journey, which aims to reduce the Kingdom鈥檚 decades-long dependence on crude revenues. 

鈥淧reliminary results indicated a 3.1 percent increase in the IPI in April 2025 compared to the same month of the previous year, supported by the rise in mining and quarrying activity, manufacturing activity and water supply, sewerage and waste management and remediation activities,鈥 the analysis stated.

GASTAT revealed that the sub-index of manufacturing activities advanced by 7.4 percent in April compared to the same month in 2024. 

The authority added that the index of oil activities saw an annual rise of 4.3 percent in the fourth month of the year, while non-oil activities edged up by 0.1 percent. Compared with March, oil activities rose by 1.6 percent, whereas non-oil activities declined by 2 percent.

GASTAT added that the growth in the manufacturing sector was driven by an increase in the production of coke and refined petroleum products, which grew by 22.6 percent year on year in April. 

The chemical manufacturing sector also contributed to the rise, increasing 9.1 percent annually. 

On a monthly basis, the sub-index of manufacturing activity witnessed a rise of 0.5 percent, driven by a 5.8 percent increase in the production of coke and refined petroleum products. 

The expansion of the manufacturing sector highlights the evolving structural transformation of the Saudi economy, with the Kingdom positioning itself as a key player in the global industrial landscape. 

In April, the sub-index of mining and quarrying activities increased by 0.2 percent compared to the same month in 2024. 

鈥溌芾蚴悠 increased its oil production to 9.01 million barrels per day in April 2025 compared to 8.99 million barrels per day in April 2024,鈥 said GASTAT. 

On a monthly basis, the sub-index of mining and quarrying activity increased by 0.5 percent in April. 

According to the report, the electricity, gas, steam, and air conditioning supply sector registered an annual decrease of 0.2 percent but saw a monthly rise of 4.3 percent. 

GASTAT further said that water supply, sewerage, and waste management activities increased by 8.8 percent year on year in April, while it declined by 0.7 percent compared to the previous month. 

Compared to March, the index for oil activities increased by 1.6 percent in April, while non-oil activities dropped by 2 percent. 

The Industrial Production Index measures changes in industrial output based on the International Standard Industrial Classification framework, covering mining, manufacturing, utilities, and waste management sectors.


Strategic reforms and cultural depth are driving Uzbekistan鈥檚 tourism boom, says official聽

Strategic reforms and cultural depth are driving Uzbekistan鈥檚 tourism boom, says official聽
Updated 19 min 58 sec ago

Strategic reforms and cultural depth are driving Uzbekistan鈥檚 tourism boom, says official聽

Strategic reforms and cultural depth are driving Uzbekistan鈥檚 tourism boom, says official聽

TASHKENT: As Uzbekistan undergoes an economic transformation, tourism has emerged as both a cultural ambassador and a powerful growth engine.

At the forefront is Umid Rustamovich Shadiyev, chairman of the Tourism Committee under the Ministry of Ecology. 

Formerly Uzbekistan鈥檚 Permanent Representative to UNESCO, Shadiyev brings both diplomatic experience and a deep understanding of the nation鈥檚 rich heritage. 

Arab News spoke with Shadiyev during the Tashkent International Investment Forum 2025, a flagship platform bringing together global investors, policymakers, and innovators to explore Uzbekistan鈥檚 investment landscape. 

Now in its fourth edition, the forum has become a cornerstone of the country鈥檚 reform agenda, highlighting strategic sectors such as energy, infrastructure, agriculture, and tourism. 

This year鈥檚 event welcomed over 2,500 delegates from 70 countries, with tourism receiving special focus as a driver of inclusive and sustainable development. 

Saudi-Uzbek tourism ties deepen 

The conversation turned to 萝莉视频, where tourism is undergoing a historic transformation under Vision 2030. Shadiyev praised the Kingdom鈥檚 diversification efforts, calling it 鈥渁 new center of global tourism.鈥 

Uzbekistan sees an opportunity for synergy, and a memorandum of cooperation in tourism was signed in 2022, followed by joint forums and high-level meetings in 2023 and 2024. 

鈥淥ur relationship with 萝莉视频 is growing stronger each year,鈥 said the official. 

The results are visible. Saudi tourist arrivals in Uzbekistan rose from 1,731 in 2022 to over 4,100 in 2024, reflecting growing interest in cultural, gastronomic, and mountain tourism. 

鈥淭here鈥檚 huge potential in developing family-oriented tours, heritage trails, and collaborative media campaigns,鈥 Shadiyev noted.

Tourism university exchanges, journalist visits, and influencer collaborations are also being explored. 

In 2025, Uzbekistan is emphasizing sustainable tourism and aims to increase the average stay of foreign visitors to 10 to 12 days. Strategic partnerships 鈥 such as with 萝莉视频 鈥 are seen as central to achieving this goal. 

Tourism emerges as economic pillar 

鈥淭ourism is currently one of the key sectors of Uzbekistan鈥檚 economy,鈥 Shadiyev noted. 鈥淚n 2024, we saw a significant leap forward: the export of tourism services increased by 1.6 times, reaching $3.5 billion.鈥  

This performance is backed by a rise in entrepreneurship, with more than 2,000 new tourism businesses launched in the past year alone. From boutique hotels to eco-lodges and cultural tour operators, a new generation of investors is responding to supportive government policies and the sector鈥檚 strong profitability. 

The transformation is evident across the country. Over the past eight years, Uzbekistan has attracted $6.5 billion in tourism-related investments and added 130,000 new hotel beds. 

鈥淭hese achievements reflect our commitment to building a world-class tourism ecosystem,鈥 Shadiyev said. 

A major milestone came in April, when over 1 million foreign tourists visited Uzbekistan in a single month 鈥 a national record. 

Shadiyev attributes this growth to visa policy reforms, infrastructure upgrades, and active global engagement. 鈥淲e鈥檙e not only opening our doors wider; we鈥檙e creating lasting experiences for visitors,鈥 he said. 

Looking ahead, Uzbekistan aims to further increase both international arrivals and tourism export volumes in 2025. The government is systematically working toward these goals by investing in digital transformation, human capital, and diversified tourism offerings. 

Four seasons, one destination 

Positioned at the crossroads of the Great Silk Road, Uzbekistan has long served as a bridge between East and West. Shadiyev highlighted the country鈥檚 unique geographic and cultural positioning: 鈥淲e鈥檙e the heart of Central Asia 鈥 no regional tour is complete without including Uzbekistan.鈥  

What makes Uzbekistan truly special, he said, is its year-round appeal. In spring, visitors celebrate Navruz, the festival of renewal, and explore blooming gardens, vibrant bazaars, and the historic cities of Tashkent, Samarkand, Bukhara, and Khiva.

Summer brings tourists to mountain resorts and natural lakes, rich fruit harvests, and traditional crafts festivals. 

Winter offers skiing and tranquil nature retreats, while autumn is ideal for cultural immersion and warm Uzbek hospitality.

鈥淓very season offers a new story, a new flavor,鈥 Shadiyev said.  

The country鈥檚 legacy is underscored by its many UNESCO World Heritage Sites, including Samarkand, Bukhara, and Khiva. Uzbekistan is also witnessing a boom in niche tourism markets, including ziyarat, or pilgrimage tourism, ecotourism, domestic travel, and culinary tours. 

Uzbekistan鈥檚 rise on the global travel radar is also backed by international accolades.

The country was named the Most Desirable Emerging Destination by Wanderlust, UK; won the tourism in the CIS award from Russian Traveler; and was featured among the Top 25 Destinations of 2025 by both BBC Travel and The New York Times.  

Gulf travelers drawn to shared culture 

When asked about Uzbekistan鈥檚 appeal to Arab travelers, particularly from the Gulf region, Shadiyev emphasized deep-rooted cultural and spiritual ties. 

鈥淥ur shared Islamic heritage and atmosphere of religious respect make Uzbekistan especially attractive to Gulf visitors,鈥 he said. 

Khiva鈥檚 designation as the 2024 Tourism Capital of the Organization of Islamic Cooperation reflects this connection. 

Other key events include the Economic Cooperation Organization鈥檚 tourism forum in Shakhrisabz, which spotlighted opportunities in religious and cultural travel. 

Uzbekistan is enhancing its appeal through substance and strategy. 

A 30-day visa-free regime now applies to citizens of 萝莉视频, the UAE, and Qatar, as well as those of Oman, Bahrain, and Kuwait.

Direct flights from Gulf capitals are expanding, and tour operators are curating experiences tailored to Arab travelers. 

The country offers a rich mix of gastronomy 鈥 including signature dishes like plov, manti, and shurpa 鈥 as well as ethno-tourism experiences in traditional villages, and a vibrant calendar of music, art, and food festivals.

Uzbekistan is also rolling out a UN tourism platform and a unified tourist card integrating visa services, tickets, and discounts. 

鈥淲e鈥檙e not just promoting Uzbekistan; we鈥檙e building a seamless visitor experience,鈥 Shadiyev added. 

Vision rooted in heritage and openness 

As the interview concluded, Shadiyev returned to a theme central to Uzbekistan鈥檚 tourism push: openness. 鈥淲e are a country that welcomes the world 鈥 with history in our stones and hospitality in our hearts,鈥 he said. 

The Tashkent International Investment Forum served as the perfect setting for this conversation, reflecting Uzbekistan鈥檚 economic momentum and its growing network of global partnerships 鈥 none more vibrant than those flourishing through tourism. 

As Shadiyev put it, quoting an old proverb: 鈥淚t鈥檚 better to see something once than hear about it a hundred times.鈥


Oil Updates 鈥 prices rise as US-China talks counter OPEC supply worries

Oil Updates 鈥 prices rise as US-China talks counter OPEC supply worries
Updated 34 min 55 sec ago

Oil Updates 鈥 prices rise as US-China talks counter OPEC supply worries

Oil Updates 鈥 prices rise as US-China talks counter OPEC supply worries

SINGAPORE: Oil prices climbed on Tuesday as investors awaited the outcome of US-China talks that could pave the way for easing trade tensions and improve fuel demand.

Brent crude futures rose 22 cents, or 0.3 percent, to $67.26 a barrel by 09:45 a.m. Saudi time. US West Texas Intermediate crude was up 18 cents, or 0.3 percent, at $65.47.

On Monday, Brent had risen to $67.19, the highest since April 28, buoyed by the prospect of a US-China trade deal.

US-China trade talks were set to continue for a second day in London as top officials aimed to ease tensions that have expanded from tariffs to rare earth curbs, risking global supply chain disruptions and slower growth.

Prices have recovered as demand concerns have faded with the trade talks between Washington and Beijing and a favourable US jobs report, while there are risks to North American supply due to wildfires in Canada, Goldman Sachs analysts said.

US President Donald Trump said on Monday that the talks with China were going well and he was 鈥渙nly getting good reports鈥 from his team in London.

A trade deal between the US and China could support the global economic outlook and boost demand for commodities including oil.

Elsewhere, Iran said it would soon hand a counter-proposal for a nuclear deal to the US in response to a US offer that Tehran deems 鈥渦nacceptable,鈥 while Trump made clear that the two sides remained at odds over whether the country would be allowed to continue enriching uranium on Iranian soil.

Iran is the third-largest producer among members of the Organization of the Petroleum Exporting Countries and any easing of US sanctions on Iran would allow it to export more oil, weighing on global crude prices.

Meanwhile, a Reuters survey found that OPEC oil output rose in May, although the increase was limited as Iraq pumped below target to compensate for earlier overproduction and 萝莉视频 and the UAE made smaller hikes than allowed.

OPEC+, which pumps about half of the world鈥檚 oil and includes OPEC members and allies such as Russia, is accelerating its plan to unwind its most recent layer of output cuts.

鈥淭he prospect of further hikes in OPEC supply continues to hang over the market,鈥 Daniel Hynes, senior commodity strategist at ANZ, said in a note.

鈥淎 permanent shift to a market driven strategy (in OPEC) would push the oil market into a sizeable surplus in H2 2025 and almost surely lead to lower oil prices.鈥


UAE shares end higher as outcome of US-China trade talks awaited

UAE shares end higher as outcome of US-China trade talks awaited
Updated 09 June 2025

UAE shares end higher as outcome of US-China trade talks awaited

UAE shares end higher as outcome of US-China trade talks awaited

LONDON: Stock markets in the UAE ended higher on Monday, in step with Asian peers, as investors awaited the outcome of US-China trade talks in London in the hope that a deal could boost the global economic outlook.

Top US and Chinese officials will sit down in London on Monday for talks aimed at defusing the high-stakes trade dispute between the two super powers that has widened to export controls over goods and components critical to global supply chains.

Dubai鈥檚 benchmark index hit its highest levels since 2008 and settled up 1 percent, with almost all sectors in positive territory.

Tolls operator Salik Company gained 2.3 percent and Deyaar Development surged 14.6 percent.

In Abu Dhabi, the index was up for a third straight session and gained 0.1 percent, lifted by a 1.6 percent rise in blue-chip developer Aldar Properties and a 1.8 percent advance in Abu Dhabi鈥檚 flagship energy firm Abu Dhabi National Energy Company.

Most stock markets in the Gulf and Egypt including Saudi, Qatar, Kuwait are closed on Monday due to a public holiday.


Saudi commercial bank profits jump 16% in April, topping $2bn before zakat, tax

Saudi commercial bank profits jump 16% in April, topping $2bn before zakat, tax
Updated 09 June 2025

Saudi commercial bank profits jump 16% in April, topping $2bn before zakat, tax

Saudi commercial bank profits jump 16% in April, topping $2bn before zakat, tax
  • Year-to-date earnings reached SR32.97 billion, an annual rise of 20%
  • Banks getting balance sheets ready for next investment wave

RIYADH: 萝莉视频鈥檚 banking sector extended its winning streak in April, posting SR7.77 billion ($2.07 billion) in pre-zakat and tax profits, a 16 percent increase compared to the same month last year.

According to the Saudi Central Bank, also known as SAMA, this brought year-to-date earnings to SR32.97 billion, an annual rise of 20 percent, keeping the Kingdom firmly on course for another record-breaking period.

The sustained momentum is attributed to a robust mix of state spending on giga-projects, resilient consumer demand, and still-elevated interest rates.

Financing volumes continue to climb, driven primarily by corporate borrowers across a growing range of industries, including manufacturing, utilities, insurance, and private education. 

Speaking at the inaugural 24 Fintech conference in September, Finance Minister Mohammed Al-Jadaan said the Kingdom had licensed 224 fintech firms by the second quarter of 2024. File/SPA

Contractors are also racing to secure long-term credit for giga-projects such as NEOM, Diriyah, and the Jafurah gas field.

A wider Gulf picture

Strong as those local figures are, the broader region is also gaining momentum. A Kamco Invest report released in May showed that Gulf banks collectively earned a record $15.6 billion in the first quarter of 2025, an 8.6 percent increase from a year earlier.

Financial institutions in the UAE posted the largest absolute increase, adding $639.6 million, while Saudi lenders recorded the fastest annual growth at 17.2 percent.

Kamco added that fee income is rising, costs are under control, and loan-loss provisions fell sharply during the period, cushioning a small dip in net interest income.

Investor appetite is visible in market valuations. Forbes Middle East鈥檚 鈥30 Most Valuable Banks 2025鈥 March list includes 10 Saudi lenders with a combined market cap of about $269 billion鈥 roughly one-third of the entire ranking.

Al Rajhi Bank led the pack at $105.6 billion, with Saudi National Bank following at $54.7 billion.

Contractors are racing to secure long-term credit for giga-projects such as NEOM, Diriyah, and the Jafurah gas field. NEOM

Global Finance named Saudi Awwal Bank the Kingdom鈥檚 best lender in its May 鈥淲orld鈥檚 Best Banks in the Middle East 2025鈥 release, highlighting its HSBC-backed mobile app upgrades, Visa Direct payments, and one-stop small and medium-sized enterprises lending platform.

Cleaning the books and raising cash

Banks are also getting balance sheets ready for the next investment wave.

Bloomberg reported in March that lenders are exploring sales of older non-performing loans to specialist investors to free up capital for upcoming mega project drawdowns.

They鈥檙e also tapping capital markets. By June, they had issued over $5.6 billion in Additional Tier-1 bonds, already a full-year record and the world鈥檚 second-largest AT1 issuance in 2025, according to Bloomberg.

The spree includes Al Rajhi Bank鈥檚 $1.25 billion deal in April, Banque Saudi Fransi鈥檚 $650 million perpetual at 6.375 percent in May, Saudi Awwal Bank鈥檚 $650 million inaugural issue, and Alinma Bank鈥檚 $500 million of sustainable sukuk, all heavily oversubscribed.

Saudi National Bank was ranked in the Forbes Middle East鈥檚 鈥30 Most Valuable Banks 2025鈥 March list. Shutterstock

By tapping eager investors now, while margins remain healthy and global demand for Gulf paper is strong, lenders are bulking up capital buffers and keeping loan-to-deposit ratios in check. That leaves them better prepared to fund the fast-rising credit needs of projects like NEOM and Diriyah without tripping liquidity alarms later in the year.

Fintech role

Fintech is reshaping Saudi banking from the ground up. The Saudi Central Bank鈥檚 Open Banking Framework 鈥 most recently updated in September to cover payment-initiation services 鈥 sets common technical rules that let lenders and start-ups plug their systems together safely and at speed.

Speaking at the inaugural 24 Fintech conference in September, Finance Minister Mohammed Al-Jadaan revealed that the Kingdom had licensed 224 fintech firms by the second quarter of 2024, up from fewer than 100 just three years earlier.

One of the newest players is Riyadh-based Stitch, which closed a $10 million seed round on May 28. The company offers a single set of application-programming interfaces that lets banks, fintechs and even non-financial brands bolt on real-time payments and open-banking functions far faster than older systems.

Early adopters already include Lulu Exchange and point-of-sale platform Foodics. The founders say the fresh cash will go toward doubling the engineering team and expanding the product suite.

萝莉视频鈥檚 sustained momentum is attributed to a robust mix of state spending on giga-projects, resilient consumer demand, and still-elevated interest rates. File/AFP

Looking ahead

Riyad Capital鈥檚 first-quarter preview, released in April, expects another double-digit profit rise this year, about SR19 billion for the listed banks it tracks, as loan growth stays strong and rate cuts arrive slowly.

S&P Global, in its 萝莉视频 Banking Sector Outlook 2025 report, says a 10 percent increase in lending should outweigh a 20- to 30-basis-point dip in margins, keeping sector returns on assets near 2.1 percent to 2.2 percent.

Funding is the main watchpoint. Moody鈥檚 shifted its system outlook to stable on Feb. 25, saying strong credit growth is tightening liquidity, but capital buffers remain solid.

For now, asset-quality risks remain low. S&P expects non-performing loans to edge up to just 1.7 percent by the end of 2025, while loan-loss provisions are projected to stay around 50 to 60 basis points. Banks鈥 total capital ratios, hovering near 19 percent, provide a solid buffer to absorb potential shocks from falling oil prices or rising private-sector leverage.

Saudi lenders are still the region鈥檚 earnings workhorse. Profits are rising, market values are high, and fresh money 鈥 from bond buyers to venture capitalists 鈥 is flowing in. If they can keep gathering deposits quickly enough to fund a fast-growing loan book, the Kingdom鈥檚 banks look set to stay ahead of their Gulf neighbors in both profit and ambition well into next year.