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Press Dossier   By Date  27/06/2024
Saudi Islamic banks positioned for robust growth amidst economic expansion: Fitch Ratings
Saudi Islamic banks are poised to maintain a robust performance this year and in 2025, buoyed by non-oil economic growth and favorable operating conditions, a new report stated.
Saudi POS spending stabilizes at $2.2bn despite sectoral declines
Saudi Arabia’s point-of-sale spending came in at SR8.34 billion ($2.22 billion) from June 16 to 22, official figures revealed — with 30.3 percent of the total coming in the Kingdom’s capital city.
Saudi mining bodies among winners in 5th exploration licensing round
Six mining companies have been approved to explore various sites across Saudi Arabia, as the Kingdom pushes ahead with growing the sector.
IsDB inks deal with Kazakhstan to help advance its economy
Infrastructure projects in Kazakhstan will receive support from the Islamic Development Bank after a deal was signed in Vienna.
Saudi Arabia advances renewable goals with 5,500 MW solar PPAs
Saudi Arabia is set to add 5,500 megawatts of solar energy following the signing of three deals by its principal buyer, advancing its strategy to enhance renewable sources.
Closing Bell: TASI ends in red, closes at 11,656 points
Saudi Arabia’s Tadawul All Share Index fell on Wednesday, losing 74.42 points, or 0.63 percent, to close at 11,656.35.
NBK urges to use official websites, apps when making bill payments
As part of its active efforts to enhance financial awareness and inclusion among all sectors of society, National Bank of Kuwait (NBK) continues to promote the “Let’s Be Aware” campaign launched by the Central Bank of Kuwait, in collaboration with local banks and Kuwait Banking Association (KBA)
Kuwait Airways, Thai Airways deal to boost tourism
Kuwait Airways announced on Tuesday the signing of a codeshare agreement with Thai Airways, which will allow the code to be used for flights between Kuwait and Bangkok and from Kuwait to many destinations across Europe, starting on Wednesday.
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