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Press Dossier   By Date  29/09/2024
Saudi banks positioned for 2025 profit growth amid interest rate cuts: Report
Saudi banks are poised for a significant increase in profit margins in early 2025, driven by anticipated interest rate cuts that are expected to position them favorably against their Gulf counterparts.
From cash to clicks: Saudi Arabia’s e-payments revolution
Imagine a bustling Riyadh souk where every transaction is just a tap away — no more searching for loose change or waiting for cashiers. In Saudi Arabia, this digital dream is becoming a reality as the Kingdom experiences a high-tech makeover of its financial landscape.
Saudi Arabia arrests 15,324 illegals in one week
Saudi authorities arrested 15,324 people in one week for breaching residency, work and border security regulations, the Saudi Press Agency reported on Saturday.
Burgan Bank unveils latest invitation-only credit card
In its latest effort to entwine banking excellence with luxury, Burgan Bank announced the launch of its most exclusive and prestigious Visa credit card to date.
Saudi Arabia to drop $100 crude target to win back market share
Saudi Arabia is preparing to abandon its unofficial $100 a barrel oil price target as it gets ready to raise output to win back market share, even if it means lower prices, the Financial Times reported on Thursday.
MoI explains citizenship rules
The Director of the Citizenship Department at the Ministry of Interior, Colonel Abdulrahman Al-Othman, said the decree-in-law amending some provisions of the Amiri Decree (15/1959) regarding the Kuwaiti nationality came after it was studied from all legal aspects and that it aimed at bolstering “the citizenship principle in line with the state general order.
KSrelief signs deal to support WHO’s humanitarian efforts in Ukraine
Saudi aid agency, KSrelief, has signed a $ 2million cooperation agreement with the World Health Organization (WHO) to support the organization’s humanitarian efforts in Ukraine, state news agency SPA reported.
KSrelief signs deal with WHO to support healthcare in earthquake-hit Syria
Saudi aid agency, KSrelief, signed a $4.7 million cooperation agreement on Friday with the World Health Organization (WHO) to support emergency and specialized health services in earthquake-hit areas in northwestern Syria.
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