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Press Dossier   By Date  02/01/2025
Saudi weekly PoS transactions close 2024 with $3.6bn in value: SAMA
Saudi Arabia’s consumer spending soared in the final week of 2024, with point-of-sale transactions climbing 17.2 percent week-on-week to SR13.8 billion ($3.6 billion), official data showed.
UAE stock market cap rose 7.14% in 2024
Dubai and Abu Dhabi have reached a combined market cap of stock markets, reaching 3.90 trillion dirhams ($1.06 trillion) by the end of the year, representing an annual rise of 7.14 percent.
SAMA grants licenses to 2 new fintech firms
Saudi Arabia’s fintech ecosystem is expanding further with the Saudi Central Bank, or SAMA, granting licenses to two new service providers.
Saudi capital market scales new heights in 2024 with bold future ahead
Saudi Arabia’s capital market saw impressive growth in 2024, with record-breaking initial public offerings, significant reforms, and an expanding global presence.
Closing Bell: Saudi Arabia’s key benchmark index begins 2025 with gains
Saudi Arabia’s Tadawul All Share Index began the year on a positive note, gaining 0.34 percent or 40.81 points to close at 12,077.31 points on Wednesday.
Saudi Fund for Development expands global support in final quarter of 2024
Economies worldwide have faced significant challenges in 2024, marked by escalating geopolitical tensions and the ongoing conflicts in the Middle East.
24% have yet to submit biometrics; last day for expats
The deadline for expatriates to register their biometric data ends on Tuesday and the period will not be extended, officials of the General Department of Criminal Evidence said.
People who falsely obtained citizenship must repay benefits
People who had their Kuwaiti citizenship revoked because of obtaining it through fraud and false statements and documents are required to repay all benefits they had enjoyed while holding the citizenship, according to new amendments to the 1959 nationality law.
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