Press Dossier   By Date  12/01/2022
GCC consumers are more upbeat about future economic situation
GCC consumers have become more optimistic about the future economic situation in the region, despite slight declines in consumer confidence surrounding business and employment as result of the ongoing challenges of the pandemic.
Khalifa Fund partners with eBay to support Abu Dhabi SMEs export goods worldwide
The Khalifa Fund for Enterprise Development has partnered with eBay as the latest partner of the e-Empower initiative, under the Abu Dhabi Inspires programme.
New law to regulate possession of private property for public use
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and the Ruler of Dubai, issued a law on the expropriation of property for public use in the Emirate of Dubai.
Saudi Arabia to establish first private equity fund for $26m dedicated to tourism investing
Saudi Arabia's Tourism Development Fund, signed an agreement with investment solutions firm Derayah Financial to establish a SR100 million ($26 million) private close-ended equity fund.
Saudi Central Bank updates crowdfunding rules
Saudi Central Bank, also known as SAMA, has updated the rules for separating the funds of participants in the financing process and the funds of a crowdfunding facility.
Tajik ambassador highlights visa waiver resolution
Tajikistan introduced entry visa exemption for citizens of 52 countries, including Kuwait, through a resolution issued on Oct 26, 2021, which became effective on Jan 1, 2022. Tajik Ambassador to Kuwait Dr Zubaydullo Zubaydzoda confirmed the initiative as the first of its kind since Tajikistan gained independence.
Cabinet reviews recommendations to develop Khaitan’s infrastructure
The Cabinet was briefed during its weekly meeting on Monday chaired by His Highness the Prime Minister Sheikh Sabah Al-Khaled Al-Hamad Al-Sabah with the recommendation of the Public Services Committee on the results of the coordination meeting between the Public Corporation for Housing Welfare and government agencies regarding the development and modernization of the infrastructure of blocks 1 and 2 in Khaitan.
KGOC sings MoU with Saudi Arabian Chevron to export excess gas
Kuwait Gulf Oil Company (KGOC) and Saudi Arabian Chevron signed yesterday a memorandum of understanding to export spare gas from joint Wafra operations.
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