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Press Dossier   By Date  22/12/2024
SAMA cuts benchmark interest rate to 5% in line with US Federal Reserve move
Saudi Arabia’s central bank lowered its benchmark interest rate to 5 percent, its third cut this year, aligning with the US Federal Reserve’s decision to reduce rates by 25 basis points.
20,159 violators of residency, labor laws arrested in Saudi Arabia
The Saudi Interior Ministry conducted inspection campaigns in the Kingdom between Dec. 12-18 to ensure compliance with residency, labor and border security laws.
Burgan Bank Receives CBK’s Approval to Acquire 100% Stake in Bahrain’s United Gulf Bank
Burgan Bank announced that it has obtained the final approval from the Central Bank of Kuwait (CBK) to acquire 100% stake in United Gulf Bank (UGB), a licensed conventional wholesale bank headquartered in Bahrain.
Cabinet approves MoU with China to accelerate Mubarak Al-Kabeer Port
To accelerate the construction of the Mubarak Al-Kabeer Port, the Cabinet approved a draft decree on Wednesday related to the memorandum of understanding (MoU) between Kuwait and China,
Kuwait and Bosnia explore investment opportunities
The Foreign Minister of Bosnia and Herzegovina, Elmedin Konakovic, said that his visit to Kuwait aims at tackling common interests, investment opportunities, and future projects between the two countries.
Harnessing the Sun: Saudi Arabia’s solar revolution
Saudi Arabia is a world leader when it comes to extracting energy sources from the ground, but it is the Kingdom’s drive to harness a power supply in the sky that is attracting attention.
UAE: How many breaks can employees take during work hours?
What does the UAE employment law say about employees taking breaks during work hours?
UAE: Is it mandatory for seller to replace faulty product if it breaks down multiple times?
How do product guarantees/warranties work in the UAE? I bought a laptop recently. It broke down multiple times. And each time, the seller just repaired it and gave it back. However, it is obvious that the product is defective and needs to be replaced. How do I make the seller replace it?
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