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Press Dossier   By Date  22/06/2024
Saudi Arabia’s M&A volume hits $955m in Q1, fueled by chemicals sector
Saudi Arabia led the Middle East in mergers and acquisitions in the chemicals sector in the first quarter of 2024, with $500 million worth of deals, according to recent data.
Al Habtoor Group initiates arbitration against Marriott over management agreement termination
Business giant Al Habtoor Group has filed an arbitration case against Marriott International, the Dubai-based conglomerate confirmed to Arab News.
Credit facilities for UAE’s business and industrial sectors exceed $206.2bn
The cumulative credit balance in the UAE’s business and industrial sectors rose to 757.4 billion dirhams ($206.2 billion) in the first quarter of the year, up from 741.8 billion dirhams at the end of 2023.
Saudi Arabia and Switzerland strengthen economic ties at 4th Financial Dialogue in Zurich
Saudi Arabia and Switzerland are poised to deepen cooperation in finance and economics as top officials convened for the 4th Saudi-Swiss Financial Dialogue in Zurich.
Kuwait’s Al-Zour Refinery’s output hits 615k bpd
The fully operational output of Kuwait’s Al-Zour Refinery has reached 615,000 barrels per day, in line with the country’s plan to boost oil refining capacity.
Kuwait faces power crunch
The ministry of electricity and water and renewable energy resorted to programmed power cuts on Thursday for the second day running as government departments took a number of precautionary measures to save energy.
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