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Press Dossier   By Date  12/04/2025
Symbols of power: Saudi Arabia and UAE stamp their marks on global finance
In a display of economic ambition, Saudi Arabia and the UAE have unveiled new currency symbols for the riyal and dirham, marking a pivotal moment in their quest for global recognition.
Closing Bell: Saudi main index closes in green at 11,502
Saudi Arabia’s Tadawul All Share Index rose on Thursday, gaining 405.89 points, or 3.66 percent, to close at 11,502.54.
Saudi Arabia climbs to 13th spot in Kearney’s FDI Confidence Index
Saudi Arabia rose to 13th place in Kearney’s 2025 Foreign Direct Investment Confidence Index, its highest-ever ranking, reflecting stronger investor sentiment amid ongoing economic reforms and diversification efforts.
Navigating the chaos: How GCC’s trade war survival plan could take shape
The Gulf bloc must fast-track diversification, strengthen regional integration and deepen global ties in Asia, Africa and Latin America to cushion against the long-term impact of newly imposed US tariffs, a top risk strategist has told Arab News.
ITFC inks $45m energy deal with Comoros
The International Islamic Trade Finance Corporation has signed a €40 million ($45.43 million) Murabaha financing agreement with the African nation of Comoros to support its energy sector, the Saudi Press Agency reported.
Saudi Arabia introduces 5% tax on real estate transactions
Saudi Arabia has introduced a 5 percent Real Estate Transaction Tax, effective from April 10, as part of its economic diversification efforts.
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