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SAUDI ARABIA EMARATES BAHRAIN KUWAIT OMAN QATAR

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Press Dossier

By Date

16/09/2023

	Capital Market Authority refers 25 suspects to prosecutor amid stock market violations Saudi Arabia’s financial watchdog has referred 25 suspects to the Kingdom’s public prosecutor after the share prices of 84 listed companies were manipulated.
	Electric vehicles cost set to match fuel cars by 2027: report The cost of electric vehicles is expected to match that of fuel-powered cars of similar size and configuration by 2027, according to a new report from research firm Gartner Inc.
	Digital banking enhanced in Saudi Arabia thanks to new agreements with Ministry of Investment Saudi Arabia can expect a sea change in its digital banking services after the Ministry of Investment signed memorandums of understanding with Al-Rajhi Bank, Alinma Bank, and Banque Saudi Fransi.
	Saudi Aramco to enter South American retail market with 100 percent Esmax acquisition Saudi-based Aramco, one of the world’s leading integrated energy and chemicals companies, has agreed to purchase a 100 percent equity stake in Esmax Distribuscion SpA from Southern Cross Group, a Latin America-focused private equity company.
	Saudi and Omani firms partner to boost 3D printing in real estate Saudi research and development firm Forming Future Co. has joined forces with two subsidiaries of Oman’s ITHCA Group to advance 3D printing technology within the real estate sector.
	Qatar registers $876m in online payments in August In a significant development highlighting the acceleration of digital payments, Qatar Central Bank revealed that online transactions in August touched 5.46 million and totaled 3.19 billion Qatari riyals ($876 million).
	UAE: Smart gates, ban on some trucks; how new law will make roads safer The UAE has recently set at 65 tonnes the maximum permissible weight of heavy vehicles that can ply along national roads. The new federal law, announced on September 4, will take effect starting October 1.

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