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Press Dossier   By Date  25/09/2023
Saudi economy joins trillion-dollar club: FSC
Saudi Arabia has reached a significant milestone as its gross domestic product crossed the coveted 1 trillion-dollar mark for the first time, revealed the umbrella body of the Kingdom’s business community.
Saudi Arabia’s financial markets exceed 2022 strategic plan targets
Reflecting robust economic growth, Saudi Arabia’s financial markets reported a remarkable performance by the end of 2022, surpassing the strategic plan goals for 2022 in a number of indicators.
Oman’s Q2 GDP falls 9.5% to $26.3bn due to drop in oil activities
Oman’s gross domestic product registered a 9.5 percent decline in the second quarter of 2023 compared to the same period last year, primarily attributed to a drop in oil-related activities.
Middle East to bolster global hospitality space with $1.9tn worth of projects
Hospitality and residential projects worth $1.9 trillion are fueling a transformation of the Middle East, according to a report released ahead of a major industry conference.
Kuwait-China MoUs have positive impact on Kuwait, says FM
Memoranda of understanding signed by Kuwait and China during His Highness the Crown Prince Sheikh Mishal Al-Ahmad Al-Jaber Al-Sabah’s visit to China will have positive impact on development in Kuwait
World central banks pause as soft-landing appears imminent
The US Federal Reserve left its benchmark interest rate unchanged at the target range of 5.25 percent to 5.50 percent, as widely expected by the market. The central bank signaled borrowing costs will likely stay higher for longer after one more hike this year.
DGCA’s projects division earns ISO
The Directorate General of Civil Aviation announced on Saturday that the division of projects management earned the ISO certification for the section’s successful administration. Saad Al-Otaibi
Study to allow expats to change jobs without employer’s consent
A top official at the Public Authority of Manpower said the authority is considering allowing expat workers to transfer to a new employer without the prior consent of the current employer in case they violate terms of the job contract.
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