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Press Dossier   By Date  01/06/2023
Adnoc IPO: Logistics & Services shares jump over 50% on listing
Adnoc Logistics & Services, a subsidiary of Adnoc Group, shares jumped over 50 per cent to over Dh3 per share on the first day of trading on the Abu Dhabi Securities Exchange on Thursday.
UAE imposes Dh65.9 million fines on 137 firms for not following anti-money laundering rules
In the first quarter of 2023, the Ministry of Economy imposed fines worth Dh65.9 million on 137 companies operating in the UAE's designated non-financial business or professions (DNFBP) sector, following an inspection of 840 companies for failing to comply with the anti-money laundering and combating the financing of terrorism (AML/CFT) legislation.
Saudi banking sector growth driven by mortgages: report
Saudi Arabia’s banking sector has experienced rapid growth over the past few years, primarily driven by mortgages and thanks to continued government support, according to a new report from S&P Global Ratings.
Number of SMEs in Saudi Arabia rises 4.8% in Q1, exceeds 1.2m
Saudi Arabia is witnessing increased entrepreneurial activity as the total number of small and medium enterprises exceeded 1.2 million in the first quarter of 2023.
SAMA permits 2 fintech firms to offer flexible consumer spending options
Saudi shoppers can soon find more flexible payment options with two more buy now, pay later companies entering the consumer finance market.
UAE’s healthcare sector sets global benchmark in medical services and innovation
The UAE’s healthcare sector continues to lead regionally and globally in medical services and scientific achievements this year, according to a study.
‘Smart system’ for expats eyed
Secretary General of the Supreme Council for Planning and Development Dr Khaled Mahdi said on Wednesday that Kuwait is continuously seeking to overhaul legislations concerning expatriate workers with the aim to set up a “smart system” to regulate bringing in foreign workers.
Tobacco taxes should be mandated in Kuwait: Health official
The new parliament should impose taxes on tobacco and take measures to combat smoking, Director of Mubarak Al-Kabeer health area Waleed Al-Busairi said Wednesday at an event held by the Ministry of Health to raise awareness against growing tobacco.
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