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Press Dossier   By Date  28/07/2024
Saudization initiative transforming the workforce and bolstering economic prosperity, experts say
The Kingdom’s Saudization initiative is not merely a policy but a transformative strategy aimed at reshaping the national workforce and bolstering economic prosperity.
Saudi banks in strong position to harness the benefits of economic diversification
Saudi banks will see their client base expand and earnings increase thanks to government-backed economic diversification efforts that are driving innovation and boosting productivity, according to a new report.
Saudi Arabia’s GACA, SAMI come away from Farnborough Airshow with deals, agreements
Saudi Arabia’s General Authority of Civil Aviation built good investment opportunities with British companies after visiting the Farnborough International Airshow, which concluded on Friday, its president said on Saturday.
Saudi authorities arrest 21,103 illegals in one week
Saudi authorities arrested 21,103 people in one week for breaching residency, work and border security regulations, the Saudi Press Agency reported on Saturday.
ABK announces 22% increase in net profit to KD 29.06mn for H1 2024
Al-Ahli Bank of Kuwait (ABK) proudly announced its robust financial results for H1 2024, once again affirming its position as a leading financial institution.
Gulf Bank records KD 28.2 million in net profit for first half of 2024
Gulf Bank K.S.C.P. announced its financial results for the first half ending June 30, 2024. The Bank reported a net profit of KD 28.2 million, a decline of KD 7.6 million or 21.3 percent compared to 2023 first half net profit of KD 35.8 million.
S&P affirms Burgan Bank’s ‘BBB+/A-2’ credit ratings with a ‘stable’ outlook
Burgan Bank announced that Standard & Poor’s Global Ratings (S&P) has affirmed its long-term and short-term issuer credit ratings at “BBB+/A-2” with a “stable” outlook, reflecting its expectations that the Bank’s financial profile will remain broadly solid.
Kuwait posts KD 1.6bn deficit
Kuwait public finances have returned to the red after posting a budget deficit of KD 1.6 billion in the fiscal year 2023/2024 which ended on March 31, the finance ministry said on Wednesday.
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