Press Dossier   By Date  24/12/2020
Dubai economy forecast to grow by 4% in 2021
Dubai is expected to grow by four per cent next year following a quick economic recovery due to effective policy measures introduced by the government to contain the Covid-19 pandemic, says a report.
Dubai Economy sharpens focus on Circular Economy
Dubai Economy is strengthening its initiative launched earlier this year to bring together key industry sectors and stakeholders in an all-encompassing journey towards transitioning Dubai into a circular economy in line with the vision of the leadership and strategic plans of the government.
DIEDC’s initiatives in 2020 open promising opportunities
The Dubai Islamic Economy Development Centre (DIEDC) recently held its fourth and final board meeting for 2020, and approved the centre’s work plan for 2021.
Dubai Economy signs MoU with Empay
Dubai Economy has signed a memorandum of understanding with the Emirates Payment Services to enable payments relating to commercial licences through the Empay smart application, the world’s first contactless instant credit lifestyle payment ecosystem.
Kingdom to Saudize 30% of accounting jobs
Saudi Arabia is planning to Saudize 30 percent of accounting jobs, Ahmad Al-Rajhi, minister of human resources and social development, said.
Saudi fund issued $1.33bn to support private sector during COVID-19
The Saudi Industrial Development Fund (SIDF) launched initiatives to the tune of more than SR5 billion ($1.33 billion) in order to support the Kingdom’s efforts to reduce the financial impact of the coronavirus disease (COVID-19) pandemic on the private sector.
Kuwait oil price down 50 cents
The price of Kuwaiti oil went down 50 cents to $49.41 per barrel on Tuesday after it was at $49.91 pb the day before, said the Kuwait Petroleum Corporation (KPC) yesterday.
Fitch Ratings affirms KIB’s long-term IDR at ‘A+’ with a stable outlook
Fitch Ratings, one of the leading global credit ratings agencies, has affirmed Kuwait International Bank (KIB)’s Long-term Issuer Default Rating (IDR) at ‘A+’ and viability rating (VR) at “bb-“, with a stable outlook.
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