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Press Dossier   By Date  18/09/2024
Saudi Ma’aden acquires SABIC’s 21% shareholding in Bahrain’s Alba
Saudi Arabian Mining Co. has signed an agreement to acquire Saudi Basic Industries Corp.’s 20.62 percent shareholding in Aluminium Bahrain, or Alba, as it continues to pursue regional growth opportunities.
Saudi Arabia raises $690m in sukuk issuances in August
Saudi Arabia’s National Debt Management Center has completed its riyal-denominated sukuk issuance for September at SR2.603 billion ($690 million).
Saudi Arabia’s PIF revolutionizing e-mobility sector with $39bn investments: PwC official
Saudi Arabia’s sovereign wealth fund is spearheading the growth of the e-mobility sector in the Kingdom with a planned $39 billion investment, according to an expert.
UAE banking sector’s liquid assets surpass $218bn: CBUAE
The UAE banking sector’s liquid assets reached 801.52 billion dirhams ($218.2 billion) by the end of the second quarter of 2024, reflecting a 20.2 percent year-on-year increase, official data showed.
Wizz Air expects 15-20% growth in passenger volume next year thanks to Mid East routes
Wizz Air expects 15-20 percent growth in passenger volume next year, its CEO told Reuters, with new low-cost routes to the Middle East, such as from Europe to the UAE, adding an extra boost.
Saudi crown prince to deliver annual royal address at Shoura Council on Wednesday
Saudi Crown Prince Mohammed bin Salman will deliver an annual royal address to inaugurate the first year of the ninth session of the Shoura Council on Wednesday.
UAE and Australia finalize trade deal to boost exports and investment
Australia has finalized a Comprehensive Economic Partnership Agreement with the UAE, which could boost its exports by A$678 million ($458 million) annually.
Saudi Arabia’s EV auto show kicks off with major fleet decarbonization agreements
The first day of the Riyadh EV Auto Show saw significant progress in Saudi Arabia’s journey toward sustainable transport, with major fleet decarbonization agreements being signed.
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