Press Dossier   By Date  14/05/2024
Oman’s public debt slightly declines to $39bn
Oman’s public debt stood at 15.1 billion Omani rials ($39.23 billion) by the end of March, marking a slight decrease from 15.3 billion rials at the close of 2023.
Saudi benchmark index closes in green with $1.8bn trade volume
Saudi Arabia’s Tadawul All Share Index wrapped up Monday’s trading session at 12,259.60 points, witnessing an increase of 42.55 points, or 0.35 percent.
Saudi Arabia leads GCC IPO market with 594% surge in proceeds: Markaz
Saudi Arabia led the Gulf Cooperation Council initial public offering market with an annual 594 percent surge in the first quarter of 2024, according to Kuwait Financial Centre.
Emirates Group books $5.1bn profit
Dubai’s Emirates Group announced annual profits of $5.1 billion on Monday, a rise of 71 percent, as the airline company set a new record for the second year in a row. Citing strong customer demand, it said group profits for the past two years hit $8.1 billion, surpassing the losses seen during pandemic-hit 2020-2022.
Zain Group reports Q1 2024 revenue of $1.5 billion, net profit of $95 million
Zain Group, a leading provider of innovative technologies and digital lifestyle communications operating in eight markets across the Middle East and Africa, announced its consolidated financial results for the first quarter (Q1) ended March 31, 2024, with the company serving 42.4 million customers.
UAE: 50 fines issued against real estate agents, 7 licences suspended for violating rules
Several real estate agents were fined, and brokerage licenses were suspended for non-compliance with real estate rules and regulations in Abu Dhabi.
Saudi Arabia’s Asir region partners with Almosafer to boost tourism potential
Saudi Arabia’s Asir region is edging closer to becoming a premier global tourism destination, thanks to a new partnership with fellow Kingdom-based travel company Almosafer.
Saudi EXIM Bank and SNB sign 2 agreements to boost non-oil exports
Saudi exporters are set to gain better access to credit facilities and risk coverage with the signing of two agreements between leading banks designed to boost non-oil exports.
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