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Press Dossier   By Date  08/02/2025
Saudi e-commerce sales using Mada cards hit $53bn in 2024
E-commerce sales using Mada cards in Saudi Arabia reached SR197.42 billion ($52.64 billion) in 2024, a year-on-year growth of 25.82 percent, according to data from the Kingdom’s central bank.
Closing Bell: Saudi main index edges up to close at 12,433
Saudi Arabia’s Tadawul All Share Index edged up on Thursday, gaining 19.18 points, or 0.15 percent, to close at 12,433.58.
Saudi bank lending hits record $788bn as corporate loans surge
Saudi Arabia’s bank loans surged to SR2.96 trillion ($788 billion) in December, marking a 14.39 percent year-on-year increase, according to official data.
Saudi Arabia explores partnership opportunities with India’s Tata Group
Saudi Arabia is exploring collaboration opportunities with India’s largest business conglomerate Tata Group in multiple sectors, including military, aviation, and electronics.
Oman’s property market expands 29.5% as foreign investment grows
Oman’s real estate sector surged 29.5 percent in 2024, with total transactions reaching 3.3 billion Omani rials ($8.57 billion), driven by foreign investment and government-led reforms.
UAE: Can banks close customers' accounts after multiple bounced cheques?
My two post-dated rent cheques bounced in the past six months because I forgot to maintain the required amount in my account. The landlord told me that my bank account would be closed if a third cheque bounced. Is this true?
Dubai jobs: Can employees claim compensation if terminated within one week of joining?
I recently switched jobs and joined a new company in mainland Dubai. But I was terminated within a week of joining, citing the restructuring of the company. I’m clueless because the previous company is not hiring due to both firms being competitors. Can I take this new company to court and file claims? What are my rights in this case?
Abu Dhabi court cases now resolved in 40 days instead of several months, thanks to smart tech
Smart judicial systems and tight deadlines have shortened court processing to 40 days, a move welcomed by lawyers in Abu Dhabi.
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