Press Dossier   By Date  02/09/2021
Free day pass for flydubai passengers
Passengers flying with budget carrier flydubai will receive a complimentary one-day ticket for Expo 2020 Dubai.
ITFC signs $15m deals with Uzbekistan banks
The International Islamic Trade Finance Corp. on Wednesday in Tashkent signed $15 million financing agreements with banks of Uzbekistan along with a program to help the country’s financial institutions transform along international lines.
Mubadala signs JV for industrial properties across the US
Abu Dhabi sovereign wealth fund Mubadala has created a joint venture with US real estate developer Crow Holdings to build or acquire $1 billion of industrial properties across the US.
Saudi Batic extends deal to acquire 35.8% of Smart Cities Solutions
Saudi Batic Investment and Logistics Co. has extended a sale and purchase agreement to acquire 35.8 percent equity in Smart Cities Solutions for Communications and Information Technology for one month until Sept. 30.
Tadawul’s biggest losers record up to 10 years without a profit
Two companies have not made a quarterly profit in the past 10 years, according to fresh analysis of the Saudi Stock Exchange by Argaam.
Saudi banks are closing more branches even as consumer lending is up
Saudi banks are closing more branches Kingdom-wide even as these lenders hand out more loans for consumers, official central bank data showed.
Kuwait’s new airport terminal to create 15,000 jobs for Kuwaitis
Kuwait International Airport’s new terminal will provide 15,000 job opportunities for young Kuwaiti nationals, Minister of Public Works Rana Al-Fares revealed on Wednesday. The construction of the first phase out of three of Terminal 2 reached 54 percent in August, Fares told KUNA.
Kuwait seeks foreign investors for power projects
Kuwait will invite partners to help develop several power projects over the next 20 years. The projects include two more adjuncts to the Al-Zour power plant, as well as power plants in Khairan, Shaqaya and Dibdiba.
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