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Press Dossier   By Date  30/05/2023
Investments in Kingdom’s special economic zones reach $12.6bn
Affirming Saudi Arabia’s evolution into a global trade hub, total anchor investments in its four special economic zones reached SR47.2 billion ($12.6 billion) to date, it was disclosed at a forum.
Saudi banks’ profits surge 3.4% in April to $1.55bn
The aggregate profit of banks operating in Saudi Arabia increased by 3.4 percent year on year in April to reach SR5.78 billion ($1.55 billion), according to the latest figures released by the Saudi Central Bank, also known as SAMA.
Closing bell: Saudi stocks remain steady; TASI edges down 0.02%
Saudi Arabia’s Tadawul All Share Index lost 2.38 points or 0.02 percent to close at 11,135.67 on Monday.
New shipping service added to Kingdom’s Dammam port
Traffic at the King Abdulaziz Port in Dammam will soon ease thanks to the addition of Swiss-based Mediterranean Shipping Co.’s new service, the Saudi Press Agency reported.
UAE’s Dana Gas raises its foreign ownership limit to 100%
The UAE’s vision of strengthening its capital markets has become one step closer to reality as Sharjah-based energy company Dana Gas plans to raise its foreign ownership limit to 100 percent.
Expats struggle to obtain driving licenses in Kuwait
One of the biggest challenges that expats face in Kuwait is obtaining a driving license.
Kuwaiti youth call for reforms to fill unemployment, education gaps
In 2017, Kuwait unveiled a new plan to transform the country into a regional financial and cultural hub by 2035 through 164 strategic development programs to attract investment.
NBK-Egypt reports KD 6.9 million in net profits
National Bank of Kuwait-Egypt (NBK-Egypt) reported EGP 652.5 million (Equivalent to KD 6.9 million) in net profits in the three months ended March 31, 2023, compared to EGP 348.7 million (Equivalent to KD 6.7 million) for the same period of the year 2022, recording a growth of 87% YoY.
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