Press Dossier   By Date  01/04/2021
Dh2.88 billion cash dividends proposed by consumer services companies for 2020
The consumer services companies listed in the UAE capital markets have proposed up to Dh2.8 billion in cash dividends for 2020, latest data shows.
UAE banking sector may remain less volatile in 2021
The UAE banking sector is expected to remain less volatile in 2021 compared to last year, but banks might witness the deterioration of their asset quality after the completion of the Central Bank of the UAE’s deferral program in June 2021, according to Alvarez & Marsal.
Saudi unemployment falls on economic stimulus
Saudi jobless numbers fell in the last quarter of 2020, new figures showed.
Saudi Arabia sees increase in airline capacity, as travelers anticipate summer season
Saudi Arabia has recorded a 15.4 percent week-on-week increase in airline capacity over the last week of March, flight intelligence company OAG said.
Foreign investment licenses in Saudi Arabia rise 60% in the last quarter of 2020
Saudi Arabia issued 466 investment licenses to foreign investors in the fourth quarter of 2020, a 60 percent jump on a year earlier, Asharq Business reported, citing Saudi government data.
Saudi Arabia achieves new milestone in banking sector
Today marks a legal milestone in the merger of National Commercial Bank and Samba Financial Group under the name of Saudi National Bank (SNB). As the execution of mergers and acquisition transactions are complex and time-consuming, the legal date of April 1 will be followed by continuous efforts to combine the entities.
SABIC boss says ‘Shareek’ will help chemicals giant double capacity as companies line up to strike deals
SABIC CEO Yousef Al-Benyan said that a new government initiative to promote the private sector would help it double its capacity within the next 10 to 15 years.
Kuwait cautiously optimistic that oil demand will improve
Kuwait’s Oil Minister Oil Mohammad Abdulatif Al-Fares expressed “cautious optimism” on Wednesday that the global oil demand will improve as COVID-19 vaccination programs gather pace and industrial output recovers.
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