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 Press Dossier   By Date  20/05/2024
Saudi banks’ money supply surges 8% in March to reach $753bn
Saudi banks’ money supply rose 8 percent in March, as compared to the same month last year, to reach SR2.82 trillion ($753 billion), official data showed.
Sky’s the limit: Saudi Arabia’s Future Aviation Forum 2024 will help fuel Kingdom’s Vision 2030
Aviation leaders and key figures from across the globe will convene in Riyadh for the Future Aviation Forum 2024, a three-day event highlighting the strides in global air travel innovation, coinciding with Saudi Arabia’s ambition to generate $100 billion from the sector by 2030.
Saudi Arabia prioritizes real estate sector with 18 legislative initiatives to drive growth
The Saudi government is prioritizing the real estate sector, enacting over 18 pieces of legislation to drive its growth and significantly boost its gross domestic product.
Saudi aviation sector contributes $21bn to GDP: GACA
Saudi Arabia is experiencing steady growth in its aviation sector, contributing $21 billion to the Kingdom’s gross domestic product in 2023 and solidifying its position as a global tourism hub.
Closing Bell: Saudi main index edges down to close at 12,198
Saudi Arabia’s Tadawul All Share Index slipped on Sunday losing 0.06 points to close at 12,198.38.
UAE banks set to achieve strong results despite likely rates cut
Banks in the UAE will continue to achieve strong results during this year, supported by prevailing high interest rates despite an expected trend of reduction, rating agencies said.
UAE: Can employers ban employees from joining rival firms, force them to leave country?
I work in a mainland IT company in Dubai. I am switching the job because of a better package and joining the current employer’s competitor. My existing employer came to know that I would be joining his competitor. Now he is playing delaying tactics by not accepting the resignation letter. I fear he will delay my due also. If I file a case against him, can he put a ban and I won’t be able to switch the job and have to leave the country?
Deal signed to advance Saudi cultural preservation, scientific research
The King Fahd National Library and King Abdulaziz Complex for Endowment Libraries signed a deal covering scientific programs, studies, research and cultural exchange on Sunday.
The Arab Energy Fund and Dussur sign $200m MoU to boost greenfield energy projects
Greenfield energy projects are set to receive a boost, as The Arab Energy Fund has signed a $200 million funding agreement with the Saudi Arabian Industrial Investments Co.
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