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Press Dossier   By Date  28/09/2023
Saudi Arabia’s overall unemployment rate drops to 4.9% in Q2
Saudi Arabia’s Vision 2030 has started paying dividends, with the Kingdom’s overall unemployment rate declining to 4.9 percent in the second quarter of this year, a dip of 0.2 percentage points compared to the previous three months, official data showed.
Saudi development fund signs $10m deal with AIIB to support infrastructure programs
The Saudi Fund for Development has signed a $10 million contribution agreement with the Asian Infrastructure Investment Bank to bolster the financial institution’s newly established programs, as reported by the Saudi Press Agency.
Closing bell: TASI edges up 1.5% to close at 11,077
Saudi Arabia’s Tadawul All Share Index closed at 11,076.94 points on Wednesday, marking an increase of 158.70, or 1.45 percent.
Saudi tourism strategy bearing fruit as revenue hits $9.8bn in Q1 of 2023, says official
As the world emerges from the shadows of the COVID-19 pandemic, Saudi Arabia is unveiling its true potential as a world-class tourist destination.
Accor, Fenix Companies Group sign deal for hotel project in Turkiye
Hospitality group Accor has partnered with Fenix Companies Group for a hotel project in Turkiye that is scheduled to open in 2025.
Dubai slashes public debt by $7.89bn
The Public Debt Management Office of Dubai’s Department of Finance announced that it expects a reduction of about 29 billion dirhams ($7.89 billion) in public debt by the end of the year.
High oil prices set to spur GCC Islamic banks’ asset growth
High oil prices and ambitious economic diversification agendas of the GCC countries will help Islamic banks across the region to sustain strong business activity over the next 12-18 months, with their profitability continuing to exceed that of their conventional peers, analysts at Moody’s said.
UAE: Global oil prices rise over $12 a barrel in September; will local prices go up in October?
The UAE is set to revise retail petrol and diesel prices for October soon to bring the local fuel prices in line with the global rates.
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