Press Dossier   By Date  04/03/2024
Saudi Arabia extends voluntary oil cut of 1m barrels per day until mid-2024
Saudi Arabia announced on Sunday it would extend oil supply cuts through June as part of a bid to prop up prices.
Saudi banks’ money supply surges 10% to reach $726bn in January
Saudi Arabia’s money supply surged 10 percent in January to reach SR2.72 trillion ($726 billion), the central bank data showed.
Saudi ‘Sah’ savings product second round opens, offering 5.63% return
Saudi residents can once again boost their savings rates with the commencement of the second round of subscriptions for the savings product “Sah” on March 3.
Number of registered nonprofit organizations in Saudi Arabia hits 4,656
The total number of registered nonprofit organizations in Saudi Arabia has reached 4,656 with the addition of 85 new firms in the sector in February, official data showed.
Closing bell: Saudi main index slips to close at 12,555
Saudi Arabia’s Tadawul All Share Index slipped on Sunday, losing 75.66 points, or 0.60 percent, to close at 12,555.20.
Zain KSA achieves record annual revenue of SAR 9.9 billion in 2023
Zain Group announced its operation in Saudi Arabia (Zain KSA) recorded all-time high financial results for the year 2023, reporting an annual revenue of SAR 9.9 billion, an impressive annual 9 percent growth.
Zain, Samsung sign strategic MoU
Zain announced it has signed a memorandum of understanding with global partner Samsung at the Mobile World Congress (MWC 2024) in Barcelona, Spain.
Up to Dh500,000 fine in UAE for misleading residents with false advertisements
A stern warning has been issued against misleading consumers through false advertisements and promotions in the UAE. Offenders violating the law could face imprisonment and fines of up to Dh500,000 under Article 48 of Federal Decree-Law No. 34 of 2021 on Combatting Rumours and Cybercrimes.
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