Press Dossier   By Date  27/08/2022
UAE stocks gain Dh8.3 billion on Friday
The UAE financial markets on Friday posted gains of around Dh8.3 billion in market cap driven by upbeat sentiments at the realty, banking and telecom sectors and cash inflows by institutions and individuals alike.
Rua Al Madinah project to add $37m to GDP, will create 93,000 jobs: CEO
The Rua Al Madinah project launched by Crown Prince Mohammed bin Salman will add SR140 million ($37.25 million) to Saudi Arabia’s gross domestic product upon its completion, according to its CEO.
KSA records 21% growth in residential real estate transactions in Q2: CBRE
Saudi Arabia recorded SR36 billion ($9.58 billion) worth of transactions in the residential real estate sector in the second quarter of 2022, recording a 21.4 percent increase over the same period last year, the latest market report by the global real estate adviser CBRE revealed.
Saudi Fund for Development signs agreement to finance a health project in Cameroon
The Saudi Fund for Development signed an agreement with the Cameroonian government to finance the construction of the Mbalmayo Regional Hospital Project, by providing a $12 million soft development loan.
Ma’aden signs 4 MoUs to double phosphate fertilizer and ammonia exports to India
Ma’aden, a Saudi-owned mining company, signed four Memorandums of Understanding (MoUs) to double exports of phosphate products and ammonia to India starting 2023, the Saudi Press Agency (SPA) reported.
Court bars ex-MP Dahoum from running in elections
The administrative court on Thursday barred former opposition MP Bader Al-Dahoum from running in the upcoming elections after rejecting his petition to reenlist him on the election rolls.
CBK to test first product for open banking
Keen to enable new fintech and support open banking to help bring about innovative business models in the field of financial services, the Central Bank of Kuwait (CBK) has given the green light to test a first-of-its kind product within the regulatory sandbox.
Saudi aviation chiefs welcome 80 new air routes connecting Kingdom to world destinations
Saudi aviation officials on Thursday welcomed the announcement of more than 80 new air routes connecting the Kingdom to destinations around the world.
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