Press Dossier   By Date  29/02/2024
Tourism Development Fund signs MoU with Dan Company for Saudi Arabia agritourism projects
The Tourism Development Fund has signed a memorandum of understanding with Dan Company, a subsidiary of Saudi Arabia’s sovereign wealth fund Public Investment Fund, to support investments in the Kingdom’s agritourism sector.
Saudi Cabinet approves new railway law
Saudi Arabia’s Cabinet approved on Tuesday new regulations that govern the railways in the Kingdom.
Deal signed to document heritage of Saudi nature reserve
The Imam Turki bin Abdullah Royal Nature Reserve Development Authority signed a memorandum of understanding with the King Abdulaziz Foundation for Research and Archives to document the heritage of the reserve, the Saudi Press Agency reported on Tuesday.
Kuwait to hold polls April 4
The Cabinet decided on Tuesday to hold snap parliamentary elections on April 4, which coincides with the last 10 days of the holy fasting month of Ramadan, government spokesman Amer Al-Ajmi said.
Egypt Kuwait Holding achieves net profits of $179m; total revenue $801m for 2023
Egypt Kuwait Holding (EKH) closed FY2023 with revenues of $801 million, surpassing pre-Ukraine war historical averages.
NBK-Egypt reports EGP 4.021bn (KD 41.4m) in net profit in FY 2023
National Bank of Kuwait - Egypt (NBK-Egypt) has announced net profits of EGP 4.021 billion (Equivalent to KD 41.4 million) for the financial year 2023, a significant increase from the EGP 1.826 billion (equivalent to KD 30.7 million) reported in 2022, showcasing an impressive annual growth rate of 120.21 percent.
BP plans to invest $1.5bn in Egypt gas projects
BP is preparing to invest about $1.5 billion to develop gas projects and drilling in Egypt over the next three to four years, the company said on Wednesday.
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