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SAUDI ARABIA EMARATES BAHRAIN KUWAIT OMAN QATAR

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Press Dossier

By Date

27/03/2023

	UAE approves Dh299 million housing support for citizens The Sheikh Zayed Housing Programme (SZHP), an initiative under the Ministry of Energy and Infrastructure (MoEI), has issued 432 decisions for housing aid valued at Dh298.7 million.
	OIC, Burkina Faso sign deal on women’s empowerment, childcare The Organization of Islamic Cooperation signed an agreement with the government of Burkina Faso to implement a project for women’s empowerment and childcare in areas where there are refugees and displaced people.
	Saudi Arabia allocates over $80bn for water projects Saudi Arabia has allocated a budget of more than $80 billion to implement hundreds of water projects in the coming years, revealed a top minister.
	Telecom operator Zain KSA posts record profit of $147m in 2022 Profits of Zain KSA, formally known as Mobile Telecommunication Co. Saudi Arabia, reached a record high of SR550 million ($146.7 million) in 2022.
	Closing bell: Saudi benchmark index continues upward movement on promising market conditions Saudi Arabia’s Tadawul All Share Index continued its upward trajectory on Sunday as it went up by 12.97 points or 0.93 percent to close at 10,459.36. The promising market conditions resulted in a rise in investor confidence, pushing the market up.
	Saudi REDF deposits over $246m in Sakani accounts for housing projects Saudi Arabia’s Real Estate Development Fund deposited more than SR925 million ($246.2 million) in the accounts of Sakani beneficiaries in March 2023.
	Gold prices record gains for 4th week Gold recorded positive gains for the fourth week in a row, closing at $1.978 an ounce, despite the slight decline witnessed at the end of last Friday’s trading.
	5,000 expats abroad for more than six months lose iqamas The interior ministry has rejected renewal applications of residency permits of 5,000 expatriates for staying abroad for more than six months, as they submitted their renewal applications online, stating they had to remain abroad due to sickness, family situations and financial inability, among other reasons.

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