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Press Dossier   By Date  22/04/2024
Saudi Arabia accelerates automotive sector localization
RIYADH: Saudi Arabia’s automotive sector localization is fast on track as part of the government’s efforts to achieve its Vision 2030 targets, according to a senior official.
​​UNCTAD sees global growth rate 2.6% in 2024
RIYADH: Global economic growth is anticipated to slow to 2.6 percent in 2024, with the UN Trade and Development agency highlighting an uneven post-pandemic financial recovery among countries.
​​Saudi food security drive receives boost with new Tadco partnership
RIYADH: Saudi Arabia’s food security drive is set to receive a boost as Tabuk Agricultural Development Co., also known as Tadco, signs an agreement to construct high-tech greenhouses.
​​KSA begins 3rd round of 'Sah' savings offerings with 5.59% return
RIYADH: Saudi Arabia has opened its third round of the subscription-based savings product, Sah, for April, offering a 5.59 percent return, encouraging financial stability and growth among citizens.
IMF concerned about debt burden on poor nations
WASHINGTON: Shareholders of the International Monetary Fund agreed this week on the importance of addressing challenges faced by low-income countries, many of which are facing unsustainable debt burdens, IMF Managing Director Kristalina Georgieva said on Friday.
Sharjah Islamic Bank’s Q1 net profit soars 22.5%
Sharjah Islamic Bank (SIB) reported a 22.5 per cent increase in its net profit before tax for the first quarter 2024, which the lender attributed to a revenue boost from multiple new “high profit oriented customised” products.
CBUAE: Banks, finance companies may defer personal and car loans installments for six months to overcome repercussions of weather condition
The Central Bank of the UAE (CBUAE) today issued a notice to all banks and insurance companies to allow the deferral of repayment of instalments of personal and car loans for customers affected by the repercussions of the weather condition for a period of six months.
Hamdan bin Mohammed issues Resolution on the Board of Directors of Dubai Foundation for Women and Children
His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Executive Council of Dubai, issued Executive Council Resolution No. (19) of 2024 forming the Board of Directors of Dubai Foundation for Women and Children, chaired by Ahmed Darwish Al Muhairi.
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