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Press Dossier   By Date  23/06/2024
SAMA’s new initiatives propel KSA’s financial landscape forward
As Saudi Arabia strides forward with its Vision 2030 objectives, the Kingdom’s central bank is at the forefront, driving a host of pivotal initiatives and greenlighting various enterprises in 2024.
Gulf economies set to flourish on oil output increase, interest rate cuts
Growth of the Gulf economies is projected to pick up from September thanks to anticipated interest rate cuts and an increase in oil output, according to new data.
Dyna.Ai sets its focus on Saudi Arabia’s fintech sector
Saudi Arabia’s financial technology sector is attracting a new breed of artificial intelligence startups aiming to take part in the already booming industry.
Middle East has 1,400 GW of offshore wind potential: GWEC
Significant investment is needed to unlock the potential 1,400 gigawatts of offshore wind energy in the Middle East and North Africa, an analysis has found.
Dh13.8 billion in new savings deposits in UAE banking sector during Q1-24
Savings deposits in the UAE’s banking sector, excluding interbank deposits, attracted about Dh13.8 billion during the first quarter of this year, according to the latest statistics from the Central Bank of the UAE.
Power woes persist in Kuwait
Malfunctions at the main power transformer in Khaldiya caused power cuts in parts of block 3 in the area Saturday, the Ministry of Electricity, Water and Renewable Energy said.
Saudi Arabia offers 5th round of ‘Sah’ savings product with 5.55% return
Saudi Arabia has opened its fifth round of the subscription-based savings product, Sah, for June, offering a 5.55 percent return, encouraging financial stability and growth among citizens.
Saudia tops Kingdom’s airlines in May for passenger satisfaction and resolution: GACA
Saudi Arabia’s flagship carrier, Saudia, registered the fewest complaints among the Kingdom’s airlines and documented a 95 percent resolution rate, according to official data.
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