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 Press Dossier   By Date  27/08/2020
Worst behind as recovery gains ground
Economists say that the worst is behind us as recovery gains ground - steadily, albeit at a slow pace - with GCC countries emerging from the deepest part of the contraction due to Covid-19 in the second quarter on the easing of virus containment measures and higher oil prices.
Most Gulf bourses fall as financial shares drag; Saudi up
Most major stock markets in the Gulf ended lower on Wednesday, pressured by losses in financial shares, although the Saudi index bucked the trend to close higher.
Top 10 UAE banks post 21.2% surge in profit
The top 10 UAE banks posted a 21.2 per cent jump in their net profits for the April-June quarter as a result of lower provisioning and increased cost efficiency, a report by a leading professional services firm said on Wednesday.
Saudi investor takes chunk of US synthetic pet food maker
Saudi entrepreneur Prince Khaled bin Alwaleed bin Talal is boosting his involvement in a US company that claims to have produced the world’s first animal-free, cultured chicken meat protein for pet food.
Turqi Al-Nowaiser, Saudi Public Investment Fund executive
Turqi Al-Nowaiser joined the Public Investment Fund (PIF) as head of the international investments division in 2016. He leads the fund’s international investment strategy across a range of asset classes, including public markets, private markets, real estate and infrastructure.
Kuwaiti professor urges oil investment in Africa markets
Economics Professor at Kuwait University from the College of Business Administration Dr Anwar Al-Shriaan called on Kuwait to invest in oil within promising emerging markets such as Africa, by establishing refineries and petrochemical factories, in order to maximize the state’s income.
Residencies, visas extended for 3 more months
The Ministry of Interior has officially announced today that it will extend expired residency and visit visas for an additional three months starting from September 1, 2020 for those currently inside Kuwait.
Expat workers over 60 without degrees can stay till year’s end
The Public Authority for Manpower has decided to limit the renewal of work permits of expats aged 60 and above till the end of this year, except for those who hold university degrees.
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