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SAUDI ARABIA EMARATES BAHRAIN KUWAIT OMAN QATAR

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Press Dossier

By Date

13/08/2024

	Saudi Arabia’s point-of-sale spending reaches $14bn in June Saudi Arabia’s point-of-sales spending reached around SR52.76 billion ($14.05 billion) in June, registering a 1.75 percent rise compared to the same month last year, the latest data revealed.
	Closing Bell: Saudi main index closes in red at 11,740 Saudi Arabia’s Tadawul All Share Index dipped on Monday, losing 31.03 points, or 0.26 percent, to close at 11,740.66.
	Saudi Industry Ministry boosts non-profit sector with new services Saudi Arabia has enhanced the role of the non-profit sector in its industrial and mining fields by introducing new electronic services and a detailed operational plan for 2024.
	Saudi Arabia’s Dammam Port set to boost Far East connectivity with MSC’s new service Saudi Arabia’s King Abdulaziz Port in the Eastern Province is set to strengthen its ties with the Far East following the introduction of the Mediterranean Shipping Co.’s new service.
	Oman’s real estate trading exceeds $3.66bn in first half of 2024 Oman’s real estate sector saw a total trading value of 1.40 billion Omani rials ($3.63 billion) in the first half of the year, marking a 0.5 percent increase from the same period in 2023.
	Air Arabia reports H1 net profit of Dh693 million Air Arabia (PJSC), the Middle East and North Africa's first and largest low-cost carrier (LCC) operator, on Monday announced strong financial and operational results for the second quarter and first half of 2024, as the airline continued to expand its network, further solidifying its leadership position in the market.
	FTA’s home-construction tax refunds surge 32.4% to Dh2.45 billion The Federal Tax Authority (FTA) has approved 30,920 applications for Value Added Tax (VAT) refunds to Emirati citizens worth Dh2.54 billion in the first half of 2024, up 32.45 per cent compared to the same 2023 period.
	Up to Dh1 million fine: UAE issues new law to regulate employee relationships The UAE Government announced fines ranging up to Dh1 million on Monday after a Federal Decree-Law was issued, amending specific provisions of the Federal Decree-Law on the Regulation of Employment Relationships.
	Dubai inflation eases to 3.32% in July, lowest level of 2024 Dubai’s inflation rate eased to 3.32 percent in July, down from 3.85 percent in June, marking the lowest level since the beginning of the year, official figures showed.

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