Press Dossier   By Date  25/02/2024
More jobs, lower bank fees: How UAE's exit from FATF 'grey' list will benefit residents
Lower bank fees, smoother foreign currency transactions and increased trade and investment resulting in more employment opportunities, are among the benefits following UAE’s removal from Financial Action Task Force (FATF) ‘grey’ list, experts told Khaleej Times.
New unified Gulf tourism visa to bolster Saudi economy
In November 2023 the Gulf Cooperation Council approved a landmark unified tourist visa set to launch between 2024 and 2025.
Saudi Arabia seeing rising interest in credit ratings amid broader investments and economy diversification: Moody’s exec
Saudi Arabia is seeing a growing interest in credit ratings, mainly driven by expanding global investments, regulatory reforms, and economic diversification, according to Moody’s.
Saudi civil aviation delegation visits Chinese aircraft manufacturing company, economic zone
A high-ranking delegation from Saudi Arabia’s civil aviation sector has visited the headquarters of the Commercial Aircraft Corporation of China in Shanghai, the Saudi Press Agency reported on Saturday.
Kingdom arrests 19,431 illegals in one week
Saudi authorities arrested 19,431 people in one week for breaching residency, work and border security regulations, the Saudi Press Agency reported on Saturday.
Saudi Fund for Development, Tunisia sign $55m loan agreement to support transport sector
Saudi Fund for Development CEO Sultan bin Abdulrahman Al-Marshad signed a soft loan agreement worth $55 million with Tunisian Minister of Economy and Planning Feryel Ouerghi. The loan will finance the renewal and development of the railway network for phosphate transportation in Tunisia.
Saudi, French FMs discuss bilateral ties on G20 sidelines
Saudi Foreign Minister Prince Faisal bin Farhan met on Thursday with his French counterpart Stephane Segournet on the sidelines of the G20 foreign ministers’ meeting in Rio de Janeiro.
20% higher returns: Why UAE homeowners are listing properties for short-term rentals
Short-term rentals are emerging as a major second income for UAE residents as they are high in demand and offer much higher returns. Industry executives say that many first-time property owners are listing their properties for short-term rentals to earn a second income.
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