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Press Dossier   By Date  06/09/2023
Central bank governors have big role in economic integration, says Gulf Cooperation Council chief
Jassem Albudaiwi, the secretary-general of the Gulf Cooperation Council, said that the GCC’s Committee of Central Bank Governors has a significant and prominent role to play in achieving economic integration and interconnection between member states, especially in terms of the contributions of the financial and banking fields.
Saudi Tadawul Group, Shanghai Stock Exchange sign agreement to boost cooperation
In an effort to bolster cooperation and promote mutual development, the Saudi Tadawul Group and the Shanghai Stock Exchange have signed a memorandum of understanding.
Closing bell: Saudi Arabia’s benchmark index slips slightly to 11,411
Saudi Arabia’s Tadawul All Share Index continued its downward trend for the third consecutive day, as it slipped slightly on Tuesday by 19.89 points, or 0.17 percent, to close at 11,410.98.
Saudi Arabia and Italy sign 21 cooperation agreements across various sectors
In a bid to further deepen economic and trade ties, Saudi Arabia and Italy signed 21 cooperation agreements across various fields at a summit in Milan, according to the Saudi Press Agency.
Saudi stc Group pays $2.25bn for 9.9% share of Spanish company Telefonica
Saudi Arabia’s stc Group has agreed to buy a 9.9 percent stake in Spanish business Telefonica for €2.1 billion ($2.25 billion), through an acquisition of shares and financial instruments.
UAE’s non-oil private sector growth remains steady as PMI hits 55
The non-oil private sector in the UAE witnessed strong growth in August, with firms expressing increased confidence about the future outlook, an economy tracker showed.
UAE announces $4.5bn finance initiative for African clean energy
The UAE will give $4.5 billion to Africa’s clean energy initiatives, COP28 President-designate Sultan Al-Jaber said on Tuesday as he urged the continent to set out long-term transition plans.
Free zone corporate tax simplified in Kaplan's free tutorial
In recent years, the UAE has implemented a series of tax reforms to align with international markets and diversify its revenue streams.
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