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SAUDI ARABIA EMARATES BAHRAIN KUWAIT OMAN QATAR

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Press Dossier

By Date

15/08/2024

	Saudi POS spending hits $3bn; education sector leads the way Saudi Arabia’s point-of-sale spending totaled SR13.09 billion ($3.48 billion) for the week of Aug. 4 to 10, marking a decline from the previous week’s SR14.7 billion, the official data showed.
	Closing Bell: Saudi main index closes in green at 11,849 Saudi Arabia’s Tadawul All Share Index rose on Wednesday, gaining 52.81 points, or 0.45 percent to close at 11,849.65.
	STA, Visa join hands to launch Tourism Data Lab in Saudi Arabia Saudi Arabia is making significant strides in enhancing its tourism sector with the launch of a Tourism Data and Campaigns Management Hub.
	UAE’s Etihad Rail launches sustainable finance framework in green push Etihad Rail, the developer and operator of the United Arab Emirates’ rail network, has launched a sustainable finance framework to support its green investments in transportation and infrastructure, it said on Wednesday.
	Mawani, Aljeri launch $43m logistics zones in Jeddah and Dammam Two new logistics zones, spanning 150,000 sq. meters, will be established at Jeddah Islamic Port and King Abdulaziz Port in Dammam with a SR160 million ($42.6 million) investment.
	Taqa’s H1 net income surges 12.3% to Dh4.4b Abu Dhabi National Energy Company (Taqa) reported on Wednesday a 12.3 per cent year-on-year increase to Dh4.4 billion in net income for the first half of 2024.
	Up to Dh1-million fine: UAE labour law changes crack down on fake Emiratisation A new amendment introduced to the UAE labour law specifies heftier penalties for fake Emiratisation, a legal expert has said. Announced earlier this week, the law specifies fines ranging from Dh100,000 to Dh1 million for "fraudulent labour acts".
	ACWA Power signs deal for Indonesia’s first floating solar PV project Saudi-listed ACWA Power has signed a power purchase agreement with Indonesia’s state-owned PT Perusahaan Listrik Negara for its inaugural floating solar photovoltaic project in the country.

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