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Press Dossier   By Date  03/09/2024
Closing Bell: Saudi main index closes in red at 12,167
Saudi Arabia’s Tadawul All Share Index dipped on Monday, losing 21.93 points, or 0.18 percent, to close at 12,167.47.
Saudi Arabia’s industrial sector sees $10bn investment in early 2024: Knight Frank
Factories in Saudi Arabia attracted a total capital of SR38.6 billion ($10.2 billion) in the initial months of this year, reflecting a notable increase in investment compared to 2023.
Saudi Arabia forms new business council to strengthen ties with Eastern Europe
Economic relations between Saudi Arabia and Eastern Europe are set to strengthen with the launch of a regional business council aimed at unlocking promising investment opportunities.
Bahrain to impose 15% profit tax on large multinational firms
Multinational firms operating in Bahrain will now face a 15 percent tax on profits generated within the kingdom if their global revenues exceed €750 million ($830 million).
Saudi Arabia reconstitutes Shura Council, Council of Senior Scholars: Royal Decree
King Salman issued two royal decrees on Monday that reconstitute the Kingdom’s Council of Senior Religious Scholars and the Shura Council, the Saudi state news agency SPA announced.
Revamped Saudi investment law to boost non-oil revenues, attract foreign investors
Saudi Arabia’s recent move to update its investment law is set to have a major impact on non-oil revenues and attract foreign investment by aligning with international best practices.
Qatar issues new law to localize private sector jobs
Qatar has issued a new law to nationalize private sector employment and ensure job security for its nationals, the Qatar News Agency reported.
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