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Press Dossier

By Date

04/09/2023

	KSrelief signs $5m deal to provide clean drinking water in Somalia The King Salman Humanitarian Aid and Relief Center on Sunday signed a $5 million agreement with a Somali civil society organization to supply clean drinking water to drought-affected communities, the Saudi Press Agency reported.
	Public Investment Fund acquires Hadeed from SABIC for $3.33bn The Public Investment Fund on Sunday announced the signing of a share purchase agreement to acquire a 100 percent shareholding in the Saudi Iron & Steel Co., also known as Hadeed, from the Saudi Basic Industries Corp.
	No audit for Saudi firms with revenues under $2.7m Saudi Arabia has stepped up its efforts to boost entrepreneurship in the country, with the Commerce Ministry exempting micro and small businesses with annual revenues below SR10 million ($2.66 million) from auditor’s requirements.
	Oman’s refineries and petroleum industries report 13.5% growth in July In a significant development, Oman’s refinery and petroleum production saw a 13.5 percent uptick at the end of July 2023, according to a report by the country’s National Centre for Statistics and Information.
	ACWA Power signs financing and security agreements worth $678m for Rabigh-4 IWP Saudi Arabia will soon have a better grip over water scarcity challenges, with ACWA Power on Sunday announcing that it signed financing and security agreements for Rawabi Water Desalination Co. valued at SR2.05 billion ($678 million).
	Qatar’s post-FIFA tourism thrives with over 91% surge in July visitors Qatar continues to build on its post-FIFA World Cup tourism momentum, with July reporting a 91.4 percent year-on-year surge in visitors, reaching an estimated 288,000, as revealed by the latest official data.
	Kuwait appoints Fahd Al-Jarallah as finance minister - KUNA Kuwait on Sunday appointed Fahd Abdulaziz al-Jarallah as finance minister, the state news agency said.

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