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Press Dossier   By Date  14/12/2024
Saudi e-commerce sales using Mada cards hits $5bn milestone
Saudi e-commerce sales using Mada cards reached SR18.34 billion ($4.89 billion) in October – an annual increase of around 37 percent, recent data revealed.
Foreign reserves propel Saudi assets to $435bn
Saudi Arabia’s official reserve assets saw a 2.22 percent year-on-year increase to SR1.63 trillion ($435.41 billion) in October, underscoring the Kingdom’s fiscal resilience.
PIF acquires 15% stake in Heathrow Airport
Saudi Arabia’s Public Investment Fund announced on Thursday it had finalized the acquisition of a 15 percent stake in FGP TopCo, the holding company of Heathrow Airport Holdings.
Closing Bell: Saudi main index sheds 50 points to 12,099
Saudi Arabia’s Tadawul All Share Index continued its downward trend for the second consecutive day on Thursday as it shed 49.86 points or 0.41 percent to close at 12,099.33.
Islamic Trade Finance Corp. allocates $566m to back Uzbekistan’s local banks
Thirteen banks in Uzbekistan have secured a combined $566 million in financing through a key initiative by the International Islamic Trade Finance Corp., a member of the Islamic Development Bank Group.
Saudi Green Building Forum achieves permanent observer status with UNCCD
The Saudi Green Building Forum SGBF has been granted permanent observer status by the United Nations Convention to Combat Desertification.
Ministry takes firm measures to ensure integrity of exams
The Ministry of Education announced that Minister Sayed Jalal Al-Tabtabaei has taken firm and strict measures after discovering serious violations related to the management of exams in a printing press.
Kuwait reviewing visit visa fees
An interior ministry committee is reviewing fees for visit visas with the aim of applying reciprocal treatment with foreign countries and also allowing expats to bring in their relatives for longer periods, the head of the residency and nationality department said.
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