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Press Dossier   By Date  07/07/2024
Saudi banks’ aggregate profit hits 14-month high; mortgage lending up
RIYADH: Saudi banks aggregate profit reached a 14-month high of SR7.33 billion ($1.96 billion) in May, marking an annual 16 percent rise, newly released data has revealed.
Saudi Arabia keen to get more women in the workforce
RIYADH: Tourism and hospitality in Saudi Arabia are experiencing a remarkable transformation driven by the increased participation of women, thanks to inspirational leaders and strong government action.
Jinko Solar wins L&T supply contract for NEOM project
Jinko Solar, a leading solar and energy storage company based in China, has announced that it has secured a contract from Indian engineering and construction giant Larsen & Toubro (L&T) for supply of solar modules for one of its premium projects at the Saudi futuristic city NEOM.
Mabanee inks Kuwait luxury resort management deal
Leading Kuwaiti developer Mabanee has signed a KD5.1 million ($17 million) contract with Touristic Enterprises Company for the operation and managment of a resort in Kuwait city.
Unique partners with OPT for unmanned vehicle services in Middle East
Unique Group, a global innovator in subsea technologies and engineering, has announced its partnership with Ocean Power Technologies, a leader in innovative and cost-effective low-carbon marine power, data and service solutions, to deploy its existing WAM-V Unmanned Surface Vehicles in the UAE and other countries in GCC region.
UAE announces participation in Expo 2025 Osaka in Japan
The UAE Pavilion at Expo announced their participation in Expo 2025 Osaka in Japan, which will commence in April 2025 under the theme “Designing Future Society for Our Lives”.
UAE-led operation deals serious blow to transnational environmental crime, with $32 million worth of items seized, 25 suspects arrested
Sheikh Ahmed Bin Saeed Al Maktoum, Emirates Group Chairman and Chief Executive, on Friday announced senior appointments to support the organisation’s growth and strengthen its leadership bench.
Saudi Arabia updates controls for exempting returned goods from customs duties
RIYADH — The Zakat, Tax and Customs Authority has announced updated controls for exempting returned goods from customs duties. These updates clarify the requirements for exempting returned goods and streamline customs procedures for goods temporarily exported for manufacturing or repairs abroad.
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