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 Press Dossier   By Date  07/04/2021
IMF upgrades UAE, global economic growth forecast
The International Monetary Fund (IMF) on Tuesday revised upward the UAE and global economic growth forecast for 2021, thanks to massive vaccination efforts as well as $1.9 trillion US stimulus package which will strengthen recovery in the second half of this year.
IsDB lists $2.5 billion sukuk on Nasdaq Dubai
Nasdaq Dubai, the region’s international financial exchange, announced on Monday the listing of $2.5 billion sustainability sukuk by the Islamic Development Bank (IsDB), boosting the total value of Islamic bond listings in Dubai to $77.8 billion.
Saudi NEOM megacity project signs deal for largest fish farm in the region
NEOM, the Saudi megacity development project, has signed an agreement with Tabuk Fish Company that includes plans for a fish farm with a production capacity of 70 million eggs. This would make it the biggest hatchery in the MENA region.
French companies committed to increase, diversify investments in Saudi Arabia
With direct investment amounting to more than €3.7 billion ($4.37 billion), France is one of the largest investors in Saudi Arabia. Projects relating to the Vision 2030 program to diversify the Saudi economy offer yet more opportunities for strengthening the bilateral partnership. France is keen to share its expertise in such fields as energy, water, transport, new technology, and aerospace.
Saudi National Renewable Energy Program targets $15.9 billion project pipeline
Saudi Arabia's National Renewable Energy Program is targeting SR60 billion ($15.9 billion) worth of project investments, according to a report issued by Riyadh Chamber, SPA reported.
Saudi Arabia to localize 100,000 tourism jobs
Saudi tourism officials are working on a plan to localize 100,000 jobs in the sector before the end of this year, as part of the Kingdom’s 2030 vision.
Saudi competition regulator approves 22 acquisitions in Q1
The General Authority for Competition in Saudi Arabia approved 22 applications for corporate acquisitions in the first quarter of the year, Asharq Business reported.
ACCI, DIFC Courts sign MoU to support businesses in the UAE
The Ajman Chamber of Commerce and Industry (ACCI) and the Dubai International Financial Centre (DIFC) Courts have signed a Memorandum of Understanding with a vision to promote collaboration, knowledge sharing, and information exchange on matters of common interest, in order to support the UAE business community.
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