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Press Dossier   By Date  04/09/2024
Saudi Arabia’s non-oil sector growth resumes as PMI rises to 54.8
Saudi Arabia’s non-oil sector registered its first growth since February on Riyad Bank’s Purchasing Managers’ Index, as the Kingdom’s overall score saw a monthly rise of 0.4 points.
Virgin Atlantic to launch daily Riyadh-London route in March 2025
UK carrier Virgin Atlantic is set to introduce a direct flight between Riyadh and London starting March 2025, following a new agreement with Saudi Arabia’s Air Connectivity Program.
Tawuniya signs raft of deals at 24 Fintech as CEO unveils strategic vision for digital era
Saudi insurance company Tawuniya signed a host of new agreements at the 24 Fintech conference in Riyadh as its CEO revealed the firm is looking to make more investments.
Saudi Arabia’s POS transactions surge 20%, driven by telecoms growth
Saudi Arabia’s point-of-sale transactions registered a weekly increase of 20.4 percent between Aug. 25 and 31, with the telecommunication sector leading the growth.
UAE’s non-oil private sector rebounds in August: PMI report
The UAE’s non-oil private sector regained momentum in August, with the Emirates’ Purchasing Managers’ Index rising to 54.2, up from an almost three-year low of 53.7 in July.
Saudi Public Investment Fund begins selling green sukuk and bonds
Saudi Arabia’s sovereign wealth fund is preparing to issue a benchmark-sized three-year sukuk and a green bond maturing in 2032, Reuters reported, citing bank documents.
Kuwait, UAE boost bilateral ties
UAE President Sheikh Mohamed bin Zayed Al-Nahyan received Kuwaiti Foreign Minister Abdullah Al-Yahya on Monday, where the Kuwaiti diplomat conveyed greetings from HH the Amir Sheikh Mishal Al-Ahmad Al-Jaber Al-Sabah to the Emirati president and the brotherly Emirati people for more progress and prosperity.
Kuwait, UAE hold official talks, sign several MoUs
Kuwait and the United Arab Emirates held on Monday the fifth session of the joint supreme committee between the two countries in the Emirati capital, Abu Dhabi.
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