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Press Dossier   By Date  25/05/2024
Saudi Arabia’s non-oil exports up 3.3%: GASTAT
Saudi Arabia’s non-oil exports saw an annual rise of 3.3 percent in the first quarter of 2024, fueled by an increase in the value of re-exports, according to official data.
Point-of-sale spending in Saudi Arabia hits record $16bn, SAMA reveals
Food and beverages transactions helped drive point-of-sale payments in Saudi Arabia to a record SR59.68 billion ($15.91 billion) in March, official data has revealed.
Saudi Arabia issues 54 industrial licenses in March
Saudi Arabia maintained the issuance of over 300 industrial licenses in the first quarter of 2024, consistent with the previous year, official data has revealed.
Startup Wrap – regional startup activity flourishes
The startup ecosystem in the Middle East and North Africa region saw a flurry of activity as venture investments and acquisitions bloom.
MoI: ‘Unprecedented’ crackdown on residency violators after amnesty
Interior ministry officials have warned that the ministry will launch an “unprecedented” campaign against residency violators when an ongoing three-month amnesty expires on June 17.
Zain Group holds extraordinary general assembly with a quorum exceeding 81%
Zain Group on Wednesday held an Extraordinary General Assembly with a quorum exceeding 81 percent that witnessed the Assembly’s approval of the Board of Directors’ recommendation to approve the amendment of Article 15 of the Company’s Articles of Association in accordance with the requirements of Article 2-2 of Module Fifteen “Corporate Governance”.
Burgan Bank signs deal with TCS BaNCS
In continued efforts to enhance and fortify its technology infrastructure, Burgan Bank announced signing an agreement with market-leading Tata Consultancy Services to upgrade its core banking system by implementing the TCS BaNCS suite of products.
Kuwait investments in Africa valued at $28 billion
The dean of the African diplomatic corps and Ambassador of the Republic of Togo, Mohamed Ouro, praised on Wednesday the pioneering role undertaken by the Kuwait Fund for Arab Economic Development and aid for development in 51 African countries.
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