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Press Dossier   By Date  24/09/2024
Saudi cement sales rise 2% to reach 10.85m tonnes
Cement sales in Saudi Arabia saw an annual increase of 1.8 percent in the second quarter of 2024, reaching 10.85 million tonnes, according to recent data.
Qatar’s sukuk issuance expanded by 122% in H1: Fitch Ratings
Qatar’s sukuk issuances surged by 122 percent in the first half of this year compared to the same period in 2023, reaching $500 million, according to a new analysis.
UAE treasury bonds and sukuk programs raise $6.8bn, strengthening investment appeal
The UAE Ministry of Finance reported raising 25 billion dirhams ($6.8 billion) through government bonds and dirham-denominated Islamic Treasury Sukuk Programs, launched in 2022.
Oman oil company OQEP sets price range for upcoming IPO on Muscat Exchange
Omani state-run oil and gas company OQ Exploration and Production has announced the price range for its upcoming initial public offering on the Muscat Stock Exchange, setting shares between 0.37 ($0.96) and 0.39 Omani rial per share.
Boursa Kuwait, UN SSE to hold workshop on sustainability disclosure standards
Boursa Kuwait and the United Nations Sustainable Stock Exchanges (UN SSE) initiative will organize a workshop on the latest sustainability disclosure standards for market participants and interested parties on Tuesday (September 24, 2024), in collaboration with the International Financial Reporting Standards (IFRS) Foundation and the World Bank’s International Finance Corporation (IFC).
KIB boosts banking culture at PIFSS
Kuwait International Bank (KIB) announced the setup of a special booth at the Public Institution for Social Security (PIFSS) with the aim of raising banking awareness and financial literacy among the institution’s employees and visitors alike.
NBK MONEY MARKETS REPORTUS Fed starts its rate cutting cycle
The Federal Reserve enacted its first interest rate cut since the early COVID-19 pandemic, reducing benchmark rates by 0.5 percentage points to a range of 4.75 percent- 5 percent. This decision, driven by softening inflation and labor market concerns, aligns with recent market expectations.
KSrelief, WFP sign $4.5m agreement to help children, mothers in Somalia
Saudi aid agency KSrelief and the World Food Programme have signed a $4.5 million cooperation agreement to help fight malnutrition in drought-affected areas of Somalia.
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