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Press Dossier   By Date  18/07/2024
Saudi economic growth to outstrip global average in 2025: IMF
RIYADH: Saudi Arabia’s economic growth is expected to outpace the global average in 2025 according to the latest International Monetary Fund study.
Saudi Cabinet approves establishment of national minerals program
RIYADH: Saudi Arabia is set to launch a new national minerals program, further strengthening its position as a regional and global center for the mining and metals sector.
Saudi weekly POS spending hits $3bn, driven by hotel sector surge
RIYADH: Saudi Arabia’s point-of-sale spending totaled SR11.9 billion ($3.19 billion) from July 7 to 13, driven by a 3.8 percent weekly surge in hotel sector transactions, official data showed.
Global gas demand to rise by 2.5% in 2024, says IEA
RIYADH: Global gas demand is expected to rise by more than 100 billion cubic meters or 2.5 percent this year, driven by continued expansion in fast-growing Asian markets, according to an analysis.
Gold at record high as rate cut bets fuel demand
Gold prices rose to an all-time peak on Wednesday, driven by mounting hopes of a US interest rate cut in September after recent comments from Federal Reserve officials.
ADGM announces fee revision for commercial licences starting 2025
Abu Dhabi Global Market (ADGM) has announced significant revisions to its licencing fee schedule as part of its transitional arrangements for Al Reem Island businesses.
Ajman’s DoF, FAB to enhance digital govt service experience
The Department of Finance in Ajman (DoF) has signed a service agreement with First Abu Dhabi Bank (FAB) to augment a unified digital payment platform for Ajman’s government, SADAD Ajman and its digital wallet.
Boubyan Bank’s net profits grow 20% to KD 50 million for H1 2024
Boubyan Bank has announced KD 61 million in operating profits for the first half of this year as the bank recorded KD 50 million in net profits at a growth rate of 20 percent compared with last year, while the earnings per share amount to 11.1 fils.
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