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Press Dossier   By Date  16/04/2024
World Bank raises Saudi Arabia’s 2025 GDP growth forecast to 5.9%
The World Bank has raised its expectations for Saudi Arabia’s economic growth to 5.9 percent in 2025 from 4.2 percent predicted earlier in January.
Saudi housing program Sakani benefits over 32,000 families in Q1
As many as 32,343 Saudi families benefitted from Sakani’s housing options during the first quarter of 2024, marking an annual 15 percent increase.
GCC oil companies’ capex to grow by 5% to reach $115bn in 2024
The capital expenditures of national oil companies in the Gulf Cooperation Council are likely to grow by 5 percent in 2024 as compared to the previous year and are expected to reach $115 billion, according to a report.
Qatar inflation dips 1.4% in March: official data
A fall in food and beverage prices helped drive Qatar’s inflation down 1.4 percent in March as compared to the previous month, official data showed.
Saudi inflation eases to 1.6% thanks to food price changes: GASTAT
Saudi Arabia’s inflation eased to 1.6 percent in March, down from 1.8 percent the previous month, driven by changes in the food and beverage sector.
Budget Saudi Arabia to buy 70% stake in UAE freight firm Overseas Development
Saudi car rental firm United International Transportation Co. is set to acquire a 70 percent stake in the UAE’s freight forwarder Overseas Development through a recent deal.
UAE: Can a wife work but stay under her husband's sponsorship?
Question: My wife resides in Dubai under my sponsorship. On her visa, it states 'housewife; not allowed to work'. She has received a job offer, but we want to keep her sponsorship the same as the benefits that my firm offers dependents, which are far better. What can we do? Can she work on the same visa? What are the rules and procedures?
ROSHN Group, Dar Al Arkan sign $57m deal
ROSHN Group, Saudi Arabia’s leading national real estate developer, signed a SR215 million ($57.3 million) sale and purchase agreement with partner developer Dar Al Arkan, the Saudi Press Agency reported.
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