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Press Dossier   By Date  28/01/2025
Now foreigners can invest in Makkah, Madinah property
Foreigners can now invest in Saudi-listed companies owning real estate in Makkah and Madinah, following a landmark decision by the Saudi Capital Market Authority.
Asir region offering further $5.3bn in investment opportunities: top official
Saudi Arabia’s Asir region is working on securing a further SR20 billion ($5.3 billion) in private investments as part of its transformation into a year-round tourism destination, with significant projects already underway.
Saudi Arabia raises local workforce quotas across key sectors
Saudi professionals in dentistry, pharmacy, accounting, and technical engineering will soon see expanded job opportunities as the Kingdom rolls out new Saudization targets under its Vision 2030 plan.
Saudi Arabia’s National Housing Co. sees robust sales in 2025 amid lower interest rates
The CEO of National Housing Co. stated that lower interest rates in 2025 are expected to help the company exceed its 2024 achievements, with the reduced rates likely to boost sales.
Closing Bell: Saudi main index sheds, Nomu gains
Saudi Arabia’s Tadawul All Share Index dropped on Monday, losing by 13.27 points, or 0.11 percent, to close at 12,372.89.
Riyadh Air secures license for advanced flight simulator
Saudi Arabia’s Riyadh Air has obtained a General Authority of Civil Aviation license for its first Boeing 787-9 full-flight simulator, a key step in its preparations for a 2025 operational launch.
Oman, India revise deal to avoid double taxation
Oman and India have finalized an updated protocol to prevent double taxation and curb financial evasion related to income taxes, further bolstering their economic ties.
Saudi Arabia, Italy strengthen economic ties with 26 MoUs
Saudi Arabia and Italy have signed 26 memoranda of understanding between public and private sector institutions, further enhancing their bilateral relations.
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