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Press Dossier   By Date  09/09/2024
Saudi Arabia scraps export customs fees, cuts import charges
Saudi Arabia will eliminate fees for all customs services related to exports and cut import service fees to 0.15 percent of the goods’ value starting Oct. 6, according to an official release.
Closing Bell: Saudi main index slips to close at 11,982
Saudi Arabia’s Tadawul All Share Index slipped on Sunday, losing 117.19 points, or 0.97 percent, to close at 11,982.30.
Saudi debt market liquidity soars to $666m in 2023
The liquidity of Saudi Arabia’s debt market surged to SR2.5 billion ($665.9 million) in 2023, a significant increase from SR800 million in 2019, according to Mohammed El-Kuwaiz, chairman of the Capital Market Authority.
Emaar The Economic City launches $2.32bn capital optimization plan
Saudi master developer Emaar The Economic City, the firm behind King Abdullah Economic City, has unveiled an SR8.7 billion ($2.32 billion) capital optimization plan aimed at restructuring its financial framework.
Amman Chamber of Industry exports dip to almost 4% in 8 months
Exports from the Amman Chamber of Industry have decreased by 3.94 percent during the first eight months, reaching 4.55 billion Jordanian dinars ($6.42 billion), compared to the same period in 2023.
Oman’s credit grows to $81.6bn in July, up 3.8% yearly
Oman’s total outstanding credit from other depository corporations reached 31.4 billion Omani rials ($81.6 billion) by June, reflecting a 3.8 percent year-on-year increase, according to official data.
Saudi telecom firm Mobily signs 6-year deal to boost operational efficiency
Saudi Arabia’s telecommunication company, Mobily, is set to enhance its operational efficiency with a new six-year contract, which represents over 5 percent of its total revenues for 2023.
GCC, Indonesia begin free trade agreement negotiations
The Gulf Cooperation Council and Indonesia are set to begin the first round of negotiations for a free trade agreement in Jakarta, the Saudi Press Agency reported.
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