Press Dossier   By Date  05/09/2021
UAE private firms' hiring at over 3-year high as economy rebounds
According to a monthly survey released on Sunday, non-oil private sector companies in the UAE hired people at the fastest pace in the past over three and a half years in August as the economy rebounds strongly and companies report strong sales.
Dubai: Will gold price hit $1,850 this week?
Gold prices can rise to $1,850-70 an ounce if it sustains a break above $1,830 following disappointing US jobs data and the continued weakness of the dollar, say analysts.
Amazon to put UAE businesses on cloud nine
Dubai corporate sector will be major beneficiary of cloud infrastructure development by Amazon Web Services (AWS) and it will boost trade and investment as well as attract global talent into the country, experts say.
$1.2bn of agreements signed at Islamic Development Bank conference in Uzbekistan
The Islamic Development Bank on Saturday signed a grant agreement worth $265,000 to provide technical assistance to Uzbekistan for the establishment of a legal framework for Islamic banking and finance.
PIF-owned SRC signs $533m refinancing agreement with GOSI
The Saudi Real Estate Refinance Co. (SRC), a wholly owned company of the Public Investment Fund, on Saturday signed a new agreement worth SR2 billion ($533 million) with the General Organization for Social Insurance of Saudi Arabia (GOSI) to refinance the GOSI-backed Masakin Program portfolio.
Saudi, Omani investors mull setting up joint petrochemical firm in Oman
Saudi and Omani businessmen are considering setting up a joint venture specialized in petrochemical and chemicals, Argaam cited a report carried by Oman News Agency.
Saudi Arabia’s PIF and Tadawul Group plan voluntary carbon trading platform for MENA region
Saudi Arabia’s Public Investment Fund in collaboration with the Saudi Tadawul Group has announced plans to establish an exchange for carbon offsets and credits within the MENA region as part of efforts to combat climate change.
Saudi PIF to become largest shareholder in Emaar the Economic City after debt swap
Saudi Arabia’s Public Investment Fund will own a 25 percent stake in Emaar the Economic City after the sovereign wealth fund took over debt in the company previously held by the Ministry of Finance that was then converted to shares.
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