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Press Dossier   By Date  06/08/2024
Saudi non-oil business activity steady with July PMI at 54.4
Saudi Arabia’s non-oil private sector showed robust growth in July, driven by sustained demand amid heightened competitive pressures, according to an economy tracker.
Saudi bank loans increase by 11% to hit $734bn
Saudi Arabia’s banking sector loans increased to SR2.75 trillion ($733.82 billion) in June, marking an annual 11.35 percent rise, official data showed.
Bahrain’s Q1 real GDP up 3.3% year-on-year, government report says
Bahrain’s economy grew 3.3 percent year-on-year in the first quarter of 2024, according to a quarterly economic performance report by the Ministry of Finance, citing preliminary data from the Information & eGovernment Authority.
Saudi Arabia sees nearly 50% surge in investment licenses in Q2 amid rising investor confidence
Saudi Arabia issued 2,728 investment licenses in the second quarter of this year, a 49.6 percent increase year on year, underscoring its growing appeal as a business destination.
Closing Bell: Saudi Arabia’s benchmark index ends lower at 11,504
Saudi Arabia’s Tadawul All Share Index dipped on Monday, losing 249.91 points, or 2.13 percent, to close at 11,504.46.
Gulf Bank holds its earnings webcast for first half of 2024
Gulf Bank held its investors webcast on Wednesday (31, July 2024) to present and discuss the Bank’s financial performance for H1 2024.
Ministry of Finance and KNET ink e-payment services deal
The Kuwaiti Ministry of Finance on Monday signed a three-year contract for electronic payment services with the Joint Automated Banking Services Company (KNET) to create a safe financial environment for collecting government service fees electronically.
Up to Dh200,000 fine in UAE: How employees can file case against employer for unfair practices
I work for a mainland company in the UAE and I am planning to file a labour case against my employer for unfair practices. Can you walk me through the procedure and process on how it works?
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