Press Dossier   By Date  16/03/2023
UAE passes draft law banning personal advertising for medical professionals
Members of the Federal National Council (FNC) approved a draft law that prohibits medical professionals in the country (except doctors and pharmacists) from publishing any personal advertising materials, or direct or indirect advertisements promoting themselves on any media platform.
UAE: Al Ansari announces IPO price range starting at Dh1; subscription begins today
Al Ansari Financial Services on Thursday announced details for its initial public offering (IPO), setting the price range between Dh1 and Dh1.03 per share.
Tourism Development Fund signs deal with Al Nahla Group to develop destinations in Saudi Arabia
Tourism in Jeddah, Taif, and Madinah is set to receive a boost after an agreement was struck between the sector’s development fund and Saudi firm Al Nahla Group to create new projects.
King Abdullah Financial District inks 3 MoUs during PIF Private Sector Forum, CEO reveals
King Abdullah Financial District has signed Memorandums of Understanding with Saudi private enterprises in the fields of digital payments, telecommunications, and entertainment during the Public Investment Fund's Private Sector Forum.
UAE raises $300m from second auction of T-bonds
The UAE has raised 1.1 billion dirhams ($300 million) from the second auction of conventional dirham-denominated treasury bond issuance, as the second-largest economy in the Middle East region continues to diversify its funding base.
Saudi Arabia eyes global money market to boost investment into economy
High on its economic diversification agenda, Saudi Arabia is looking to tap into the global financial market to attract investment in its economy with new initiatives, according to a top minister.
Closing bell: TASI tanks 159 points as oil slide sparks selloff
Saudi Arabia’s Tadawul All Share Index fell 158.67 points — or 1.55 percent — to close at 10,048.50 on Wednesday as Brent crude fell 4 percent, hitting its lowest in over a year.
Over 1,000 teachers to be terminated
Informed sources said the Education Ministry informed over 1,000 teachers of both genders they will be terminated at the end of the academic year, with more teachers to be laid off.
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