Press Dossier   By Date  04/01/2021
Gold scales eight-week high, here are today's prices in UAE
Gold prices started the new year on a high by notching an eight-week peak after surpassing the key $1,900 level on Monday, as a surge in Covid-19 cases and prospects of tougher coronavirus control measures lured investors to the safe-haven metal.
Investors bet on Dubai's strong recovery in 2021
High net worth investors and analysts are betting on a strong recovery in Dubai’s economy for 2021, led by strategic sectors such as retail, hospitality, tourism, transport and logistics, and following the arrival of Covid-19 vaccine, as well as a rebound in the global economy and reforms announced during the pandemic.
UAE stocks gain, Saudi slips on first trading day of 2021
Stock markets in the UAE closed higher on Sunday, starting 2021 on a positive note on hopes that the rollout of a coronavirus vaccine will lift economic activity, while Saudi Arabian shares fell on uncertainty about the outlook for oil prices this year.
UAE’s SNOC announces start of gas production at Mahani field in Sharjah
UAE’s Sharjah National Oil Corporation (SNOC) and partner ENI announced on Sunday the start of gas production at the recently discovered Mahani field in Sharjah, UAE state news agency WAM reported.
HR ministry records 14,000 violations in Riyadh in 2020
The Saudi Ministry of Human Resources and Social Development (HRSD) has announced that 14,000 violations and 9,500 warnings were documented by its inspection department in Riyadh last year.
Alhokair Group was the top gainer, rising 9.9%
Saudi Arabia’s benchmark Tadawul All Share Index (TASI) fell 0.9 percent, or 77 points, to close at 8,613 points on Sunday, the first trading day of 2021.
SAMA governor wins FT-backed magazine’s Central Banker of the Year for the Middle East
Ahmed Al-Kholifey, governor of the Saudi Central Bank (SAMA), has been awarded Central Banker of the Year for the Middle East 2020 by The Banker magazine in London.
Saudi CB grants Zain fintech subsidiary ‘Tamam’ first consumer micro-financing license in region
Zain Group, a leading mobile telecom innovator in seven markets across the Middle East and North Africa announces that Tamam Financing Company (Tamam), the financial technology (fintech) subsidiary of its operation in Saudi Arabia has been officially licensed by the Saudi Central Bank (SAMA) to provide micro-financing services to consumers across the Kingdom.
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