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Press Dossier   By Date  02/06/2024
Saudi Arabia’s cosmic aspirations fueling economic prosperity beyond earth
Space exploration has transitioned from being solely government-driven to becoming an essential element of our everyday lives, significantly enhancing our quality of life.
Saudi startups take lead in MENA funding space
Saudi Arabia’s startup ecosystem has affirmed its leading position in the funding space, capturing over 53 percent of the region’s venture debt financing in 2023, according to MAGNiTT’s latest report.
NBK pioneers sustainable finance with $500m debut green bonds
National Bank of Kuwait (NBK) has successfully priced its first $500 million green bonds under its Global Medium Term Note program.
Al Ahli Bank of Kuwait – Egypt records EGP 3.185 billion net profit in Q1 2024
Al Ahli Bank of Kuwait - Egypt (ABK-Egypt) recorded breakthrough financial results for Q1 2024, achieving a significant increase in Net Profit by 189 percent, which stood at EGP 3.185 billion compared to EGP 1.102 billion over the same period in 2023.
Ministry unveils link for licenses
The Minister of Social Affairs, Family Affairs, and Childhood and the Minister of State for Youth Affairs, Dr. Amthal Al-Huwailah, unveiled the Ministry’s intention to issue licenses for private nurseries electronically via an application automatically connected to the Sahel application on Thursday.
Kuwait, China ink agreement
Kuwait’s Foreign Minister Abdullah Al-Yahya met on Friday with the China’s Foreign Minister Wang Yi in the China’s capital, Beijing.
Saudi authorities arrest 16,161 illegals in one week
Saudi authorities arrested 16,161 people in one week for breaching residency, work and border security regulations, the Saudi Press Agency reported on Saturday.
ACWA Power signs deal for major green hydrogen project in Tunisia
Saudi-listed ACWA Power, the world’s largest private water desalination company and a leader in energy transition, has signed an agreement with the Tunisian government for a project that will produce up to 600,000 tons per year of green hydrogen in three phases, for export to Europe.
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