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Press Dossier   By Date  18/03/2024
Closing bell: Saudi main index edges up to close at 12,762
Saudi Arabia’s Tadawul All Share Index rose on Sunday, gaining 39.90 points, or 0.27 percent, to close at 12,762.43.
Fitch affirms Kuwait’s AA- rating with stable outlook
Kuwait’s foreign and local currency sovereign credit ratings have been affirmed at AA- with a stable outlook by Fitch Ratings, driven by strong fiscal and external balance sheets.
Saudi residential mortgage loans jump to 11-month high in January
Banks in Saudi Arabia granted residential mortgage loans worth SR7.54 billion ($2 billion) to individuals in January 2024, marking an 11-month high according to the data issued by the Kingdom’s central bank.
Standard Chartered Bank aims to boost Saudi-China economic ties with strategic expansion
Saudi Arabia offers significant growth potential for foreign banks operating in the Kingdom to meet the increasing demand from Chinese clients, according to a senior banker.
Oman’s general inflation index holds steady at 105.3 in February
Oman’s general inflation index remained stable at 105.3 in February compared to the same period in 2023, according to the latest official data.
Saudi Arabia’s King Salman allocates $800m to social security recipients during Ramadan
Saudi Arabia’s King Salman has ordered the distribution of more than SR3 billion ($800 million) in Ramadan assistance to social security recipients, the Saudi Press Agency reported on Sunday.
Startup Wrap – Regional venture capital activity flourishes in first week of Ramadan
Startups across the Middle East and North Africa experienced a surge in funding, bucking the trend of the typically slower business pace during the holy month.
Dubai: Will customers pay more after 20% new tax on foreign banks?
Analysts hold differing opinions when assessing the impact of the recent announcement of a 20 per cent tax on foreign banks' income in Dubai.
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