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Press Dossier   By Date  30/09/2023
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 businesses expect low levels of security threats in 2024: report
Driven by the increased use of advanced technologies, most large companies in Saudi Arabia expect low levels of security threats in 2024, a threat assessment investigation has revealed.
UAE, Egypt central banks enter into currency swap
Financial trade between the UAE and Egypt is expected to surge after the monetary authorities of the two nations signed a currency swap agreement.
Closing bell: Saudi main index slips 21 points to 11,056
Saudi Arabia’s Tadawul All Share Index slipped on Thursday, losing 20.98 points, or 0.19 percent, to close at 11,055.96.
Islamic banks set to flourish in GCC: Moody’s
Against the backdrop of Gulf Cooperation Council countries’ economic diversification efforts, Islamic banks are poised to outperform their conventional counterparts in profit margins, as per a recent report by Moody’s Investors Service.
UAE-Thailand economic agreement to strengthen bilateral trade, says envoy
Trade and economic relationships between the UAE and Thailand are poised for significant growth as both nations prepare to sign a Comprehensive Economic Partnership Agreement amid ongoing negotiations, according to a senior envoy.
QatarEnergy inks $3.9bn deal with Hyundai for 17 LNG carriers
QatarEnergy has signed a contract with South Korea’s Hyundai Heavy Industries to construct 17 new liquefied natural gas carriers, marking the beginning of the second phase of the energy firm’s maritime fleet expansion program.
Saudi fund commits $140m for infrastructure projects in Bahamas and Mauritius
The Saudi Fund for Development has inked two loan agreements totaling $140 million, catalyzing progress in the infrastructure projects of the Bahamas and Mauritius.
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