Press Dossier   By Date  13/01/2021
Record low interest rates, liquidity to propel sukuk issuances to $155b in 2021
An impending upturn in economic conditions in the GCC, Malaysia and Indonesia, on the back of record-low interest rates and abundant liquidity will spur the global sukuk market buoyancy with the value of total issuances forecast to reach $140 billion to $155 billion in the next 12 months, S&P Global Ratings said on Tuesday.
Dubai Economy issues 42,640 new licenses in 2020
Dubai Economy on Tuesday announced that it registered a four per cent growth in new licences last year despite the Covid-19 pandemic and slowdown in the global economy.
Dubai to see 20,000 food venues operating before October 2021
The total number of food establishments operating across Dubai will reach 20,000 before October this year, new data has revealed.
Saudi labor law amendments to support private sector development, says minister
The proposed amendments to the labor law will contribute to developing, supporting, and reforming the labor market, promoting the private sector and creating an ideal business environment, Ahmed Al-Rajhi, Minister of Human Resources and Social Development, said on his official Twitter account.
Saudi Cabinet approves amendments to contractors authority, trademark law of GCC
The Saudi Cabinet, headed by Custodian of the Two Holy Mosques King Salman bin Abdulaziz, approved on Jan. 12 amendments to the organization of the Saudi Contractors Authority, SPA reported.
‘Uber of Saudi Arabia’s online gifting industry’ sees 1,500% surge in orders during pandemic
Resal – a startup often referred to as “the Uber of Saudi Arabia’s online gifting industry” – reported a 1,500 percent year-on-year increase in sales last year, as workers stuck at home as a result of the coronavirus disease (COVID-19) pandemic embraced e-commerce portals.
Saudi Arabia expected to lead regional IPO market in 2021
Saudi Arabia is set to lead the regional initial public offering (IPO) market in 2021, with authorities believed to be viewing over 15 potential listing applications, according to a report issued by the Kuwait-based KAMCO Investment Co.
Sultan Haitham appoints son Theyazin as Oman’s first Crown Prince
The eldest son of Sultan Haitham Bin Tareq of Oman, Theyazin, has become the Sultanate’s first Crown Prince following constitutional amendments approved by Sultan Haitham.
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