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Press Dossier   By Date  27/03/2025
Closing Bell: Saudi main index closes in green at 11,970
Saudi Arabia’s Tadawul All Share Index rose on Wednesday, gaining 263.98 points, or 2.26 percent, to close at 11,970.19.
Tesla to launch in Saudi Arabia in April
US-based electric vehicle manufacturer Tesla will begin its operations in Saudi Arabia next month, the company has announced.
Jewelry spending fuels Saudi POS surge for 2nd consecutive week
Saudi Arabia’s point-of-sale transactions climbed 6.3 percent to SR14.4 billion ($3.8 billion) in the week ending March 22, with jewelry once again leading the growth.
Emirates NBD teams up with BlackRock to expand private market access
Dubai’s Emirates NBD has partnered with US-based investment firm BlackRock to launch a dedicated platform aimed at giving its wealthy clients greater access to private markets and alternative assets.
CMA proposes easing investor criteria for Nomu to boost participation, liquidity
Saudi Arabia’s Capital Market Authority has proposed easing investor criteria for Nomu, the Kingdom’s parallel market, aiming to expand participation and improve liquidity.
86% of software development teams in UAE will use AI agents within two years
UAE leaders expect their teams will increasingly focus on working with business stakeholders, editing code written by AI
UAE: Ras Al Khaimah real estate transactions surge 25,000% in 7 years
The real estate market in Ras Al Khaimah has grown significantly, with transaction volumes increasing by nearly 250 times or 25,000 per cent over the past seven years, according to the latest data from the Ras Al Khaimah Statistics Centre.
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