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Press Dossier   By Date  17/09/2023
Standard & Poor’s confirms Saudi Arabia’s credit rating at A/A-1, stable outlook
Standard & Poor’s (S&P) confirmed its credit rating for Saudi Arabia in local and foreign currencies to “A/A-1” with a stable outlook in its recently issued report, Saudi Press Agency reported on Saturday.
Saudi firms dominate venture investment activity
Saudi firms have taken the venture ecosystem by storm with startup activity dominating activity in recent weeks.
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.
UAE flights: Travel deals start from Dh78 for ‘spontaneous travellers’
‘Spontaneous’ UAE residents can clinch travel deals for as little as Dh78 to Kuwait; Dh158 to Jordan; Dh318 to Italy and Dh365 to Greece in September.
Kuwait and Hungary to seal investment protection deal
Hungarian Deputy Minister of Defense Tamás Vargha shared with Kuwait Times an upcoming milestone in Hungary’s economic diplomacy as the country prepares to sign an investment protection agreement with Kuwait in the coming year.
Fitch affirms Kuwait at ‘AA-‘; outlook stable
Hungarian Deputy Minister of Defense Tamás Vargha shared with Kuwait Times an upcoming milestone in Hungary’s economic diplomacy as the country prepares to sign an investment protection agreement with Kuwait in the coming year.
UAE supports GCC trade, industry, investment integration and non-oil growth
The UAE appreciates the key role played by the GCC's sub committees, especially those concerned with consolidating trade, industrial and investment cooperation to create new paths that support joint GCC action in all areas of common interest, a UAE minister has said.
UAE set for 6% non-oil GDP growth in 2023: S&P
Non-oil growth and, consequently, credit growth in the UAE and Saudi Arabia remain robust despite the headwind caused by higher interest rates and Opec oil production cuts that constrain near-term growth prospects for most GCC economies.
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