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Press Dossier

By Date

19/03/2025

	How Saudi banks’ solid risk management counters liquidity pressures Saudi Arabia’s banking sector demonstrated resilience in 2024, supported by strong asset quality, improved cost efficiency, and disciplined credit management, according to Alvarez & Marsal.
	Tabuk entrepreneurs, freelancers receive $61.2m from Social Development Bank in 2024 Entrepreneurs and freelancers in Tabuk received over SR230 million ($61.2 million) in funding from the Social Development Bank in 2024, boosting established businesses and independent work in the region.
	Closing Bell: Saudi main index closes in red at 11,792 Saudi Arabia’s Tadawul All Share Index slipped on Tuesday, as it shed 90.64 points or 0.76 percent to close at 11,792.40.
	PIF-backed AviLease delivers three A320neo aircraft to SDH Wings AviLease, an aircraft leasing firm owned by the Public Investment Fund, has delivered three Airbus A320neo aircraft to SDH Wings.
	GCC banks poised for growth in 2025 amid economic shifts The banking sector in the Gulf Cooperation Council is set for robust growth in 2025, supported by economic diversification efforts and favorable global financial conditions.
	UAE: Will employees face legal trouble for refusing a job offer after accepting it via email? I received a job offer from a Dubai-based company that I accepted via email. I did not sign anything but emailed the company to say I was accepting it. Now, I have received a better offer from another company that I really want to accept. Will I face any legal trouble if I decline the first offer now?
	UAE approves new rules for lawyers, legal consultants defining licensing, training law The UAE Cabinet has approved laws governing and organising the legal profession and consultancy. The regulation, announced on Wednesday, addresses some provision to structure and modernise the legal industry.
	$1.06bn deal signed to launch new logistics zone in Riyadh’s Falcon City A new SR4 billion ($1.06 billion) logistics zone will be created within Falcon City in northern Riyadh, after a deal between Saudi firms SAL and Sela Co.

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SAUDI LAWS

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