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Press Dossier   By Date  21/12/2024
SAMA cuts benchmark interest rate to 5% in line with US Federal Reserve move
Saudi Arabia’s central bank lowered its benchmark interest rate to 5 percent, its third cut this year, aligning with the US Federal Reserve’s decision to reduce rates by 25 basis points.
Fitch revises Oman’s outlook to positive, downgrades Egypt’s economic outlook
Fitch Ratings has revised Oman’s long-term foreign currency issuer default ratings to positive from stable and affirmed the IDR at BB+, driven by the availability of fiscal tools to combat future shocks.
Saudi Arabia emerging as global cybersecurity guardian: digital experts
From protecting its growing digital infrastructure to exporting cybersecurity technologies and expertise, Saudi Arabia is emerging as a key player in addressing global cyber threats.
Saudi Arabia drives MENA e-commerce growth during festive season: report
Saudi Arabia played a pivotal role in driving a 44 percent increase in e-commerce orders across the Middle East and North Africa region during the 2024 festive season, according to a joint study by Flowwow and Admitad.
Closing Bell: Saudi main index ends week in red; trade volume nears $3bn
Saudi Arabia’s Tadawul All Share Index closed in red on Thursday, losing 68.61 points, or 0.57 percent, to settle at 11,892.44.
CITRA, Google ink land lease deal
The Communication and Information Technology Regulatory Authority on Wednesday signed a land leasing contract with international conglomerate Google.
Cabinet approves MoU with China to accelerate Mubarak Al-Kabeer Port
To accelerate the construction of the Mubarak Al-Kabeer Port, the Cabinet approved a draft decree on Wednesday related to the memorandum of understanding (MoU) between Kuwait and China, outlining their cooperation to complete the project.
NEOM signs JV agreement to accelerate construction automation
NEOM has entered into a joint venture agreement with Samsung C&T Corp. to advance the development and deployment of construction automation technology in Saudi Arabia.
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