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Press Dossier   By Date  14/05/2023
IsDB agrees 7 deals to fund water, food projects in Afghanistan
The Islamic Development Bank has agreed to provide funding for seven new welfare schemes under the Afghanistan Humanitarian Trust Fund.
Saudi Arabia arrests 11,549 illegals in one week
Saudi authorities arrested 11,549 people in one week for breaching residency, work and border security regulations, according to an official report.
Dubai residential market transactions hit new high in 2023: CBRE report
Dubai’s residential real estate market recorded its highest ever number of transactions in the first four months of 2023, according to a report by a global consultancy firm.
Aviation hubs in UAE, Saudi Arabia to drive passenger traffic recovery in Mideast
Key aviation hubs in the UAE and Saudi Arabia are forecast to drive a full recovery of passenger traffic in the Middle East in 2024, with the region set to grow by 4.2 percent annually through to 2040, speakers at the Global Airport Leaders Forum said.
KPC, Shell ink MoU to exchange expertise
Kuwait Petroleum Corporation and the international Shell energy company have signed a memo for exchanging know-how and expertise in various divisions of the fossil fuel sector.
Al-Terkait: Al-Safat Investment, Cap Corp merger promising step with positive effect
Al-Safat Investment Company’s Chairman of the Board of Directors Abdullah Hamad Al-Terkait said during the company’s general assembly meeting Thursday that the merger between Al-Safat Investment Company and Cap Corp Investment Company is a “promising step that will leave a positive effect”.
Emirates Group unveils record $3 billion profit
Emirates Group announced a record $3 billion annual profit on Thursday, hailing a “full recovery” for the Dubai-based carrier after last year’s losses due to the pandemic.
Zain Group Q1 2023 net profit soars 15% to reach $177 million
Zain Group, a leading provider of innovative technologies and digital lifestyle communications operating in seven markets across the Middle East and Africa, announces its consolidated financial results for the first quarter (Q1) ended March 31, 2023. Over the past 12 months, Zain added 2.2 million active customers, a 4 percent increase to serve 53 million customers.
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