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 Press Dossier   By Date  16/08/2021
Salama reports Dh40.29 million net income for H1
Islamic Arab Insurance Company, listed as Salama on the DFM, on Sunday reported a net income of Dh40.29 million for the first half of 2021 and said the company maintained momentum in achieving its strategic objectives, with solid performance in improving core business profitability and investment income, which increased by 87.53 per cent to Dh31.91 million during the January-June 2021 compared to Dh17.01 million in the same period last year.
Aman posts highest H1 net profit in a decade
Dubai Islamic Insurance & Reinsurance Company, popularly known as Aman, on Saturday announced its highest first-half profit in a decade and attributed the record performance to the company’s board three-year growth strategy.
Aramco joins PIF-backed consortium to finance Saudi Arabia’s biggest solar project
A consortium led by developer ACWA Power has reached financial closure for the 1,500-megawatt Sudair solar plant, a key project in Saudi Arabia’s renewable energy push.
MODON signs 10,300 deals to boost industries
The Saudi Authority for Industrial Cities and Technology Zones (MODON) signed 10,300 investment contracts in 2020, Argaam reported.
Saudi stock market index records highest closing since January 2008
Saudi Arabia’s Tadawul All-Share Index (TASI) rose 0.25 percent to 11,352 points on Sunday, recording the highest close since January 2008.
Saudi inflation to ease in Q3 2021, says SAMA
The Saudi Central Bank (SAMA) expects inflation to drop in the third quarter of the year, reported Argaam.
Kuwait mulls KD 1,000 visa fee for 60+ residents
Today is the first anniversary of a controversial decision by the Director of Public Authority for Manpower (520/2020) on the rules and procedures for granting work permits, which included a ban on issuing permits to those who reach the age of 60 and do not hold a university degree. But the Cabinet is strongly behind a humanitarian solution to the problem that was created by the abovementioned decision, according to government sources.
Kuwait to put up causeway islands for investment
A circular issued by the Cabinet revealed the project to invest in Jaber Causeway sites (two islands and two banks) that will be offered by the finance ministry. The investment period must be for 35 years, and the municipality should approve the land use and area usage percentages.
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