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Press Dossier   By Date  18/02/2023
Kuwait Visa app soft-launched
The interior ministry announced on Thursday the soft launch of the Kuwait Visa app, which will eventually be used as the only means to verify expatriates’ visa status before entering the country.
Oil prices remain volatile on Russian cuts and US SPR release
After declining consistently since the start of the month, crude oil prices witnessed a sharp recovery to reach over $85/b following an announcement from Russia to cut crude oil production by 0.5 mb/d in retaliation to the sanctions imposed on the country’s crude oil and refined products.
Bilateral trade between India, UAE exceeds $49 billion after CEPA
CEPA has had a very impressive impact on the UAE-India trade volumes with the bilateral trade between the two countries growing to Dh212.1 billion from Dh166.3 billion compared to the same period last year.
Adnoc to float 4% of its gas business in IPO
Adnoc Gas, the Abu Dhabi National Oil Company’s gas processing firm, on Friday announced its intention to float 4 per cent of its issued share capital on the Abu Dhabi Sotck Exchange.
Luxury goods retailer Chalhoub Group signs partnership with Saudi telecommunications firm stc
Luxury goods retailer and distributor Chaloub Group is expanding into Saudi Arabia through sales and distribution across the telecommunications sector after striking a deal with channels by stc.
Saudi Arabia has more than 212 industrial investment opportunities: Minister
Saudi Arabia’s Minister of Industry and Mineral Resources, Bandar Al-Khorayef, has confirmed there are 212 industrial investment opportunities through the Invest in Saudi platform.
Saudi National Debt Management Center closes $980m sukuk issuance for February
Saudi Arabia’s National Debt Management Center has closed the issuance of SR3.65 billion ($980 million) riyal-denominated sukuk for February 2023, according to an official statement.
Closing bell: TASI dips 24 points as investors get cold feet
Saudi Arabia’s benchmark index slipped on Thursday as global inflation indicators showed no signs of abating, and fears of its impact on oil demand cast a shadow on the market.
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