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Press Dossier   By Date  29/08/2022
Why UAE residents don't have enough savings despite paying little to no taxes
Residents of UAE benefit from very low to no taxes however, most of them are still unable to save.
Gulf buy now, pay later firm Tamara says it raised $100 million
Gulf buy now, pay later (BNPL) firm Tamara said on Monday it raised $100 million in a second round of fundraising from investors including Sanabil Investments, which is owned by Saudi Arabia’s sovereign wealth fund PIF.
SAMA assets reach SR2tn in July for the first time since February 2017
Total assets of the Saudi Central Bank, also known as SAMA, surpassed the SR2 trillion ($535 billion) in July for the first time since February 2017.
Saudi banks’ July claims on private sector edge up 0.3%: SAMA
Saudi Arabia’s commercial banks’ claims on the private sector edged up 0.3 percent in July compared to June, according to data published on the Saudi Central Bank’s website on Sunday.
Female workforce participation rises to 33.6% in Saudi Arabia in Q1 2022: Report
Saudi Arabia’s total female workforce participation rose to 33.6 percent in the first quarter of 2022 from 20.5 percent in the same period in 2019, when most countries globally saw a decline in female participation, according to a report released by the Small and Medium Enterprises Authority, also known as Monsha’at.
Saudi M3 money supply decelerates in July: SAMA
The rate of change in Saudi M3 monetary aggregate decelerated in July to 8.1 percent year-on-year from 8.9 percent in June, according to data published on Saudi Central Bank’s website on Sunday.
Decree sets snap parliamentary polls for September 29
An Amiri decree was issued yesterday setting September 29 as the date for the snap polls that were called after dissolving the national assembly last month in a bid to end non-stop political disputes between the house and the government.
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