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Press Dossier   By Date  23/12/2024
Saudi Arabia accelerates digital transformation with new transport initiatives
Saudi Arabia’s Ministry of Transport and Logistics has taken a significant step forward in its digital transformation with the launch of a new Digitalization and Technical Processing Center, alongside the unveiling of the Unified Documents and Records Platform.
Closing Bell: Saudi main index slips to close at 11,849
Saudi Arabia’s Tadawul All Share Index slipped on Sunday, losing 43.07 points, or 0.36 percent, to close at 11,849.37.
Saudi flyadeal records lowest complaint in November, 99% resolution rate: GACA
Saudi low-cost airline flyadeal recorded the fewest complaints among its competitors in November, with just 11 per 100,000 travelers, and achieved a 99 percent resolution rate, a recent report revealed.
Riyadh leads Saudi real estate surge with 20.8% rise in office rents
The real estate market in Riyadh is experiencing significant growth, with rents for Grade A office spaces rising 20.8 percent year on year in the third quarter of 2024, reaching SR2,131 ($567.31) per sq. meter.
Oman launches food security projects to ensure supply, sustainability
Oman has launched new food security initiatives, partnering with government entities and the private sector to strengthen supply chain operations and enhance sustainability.
UAE, Hong Kong ink deal to expand cross-border debt issuance and investment
The UAE and Hong Kong are set to deepen ties in cross-border debt securities issuance and investment after their central banks signed a memorandum of understanding to enhance connectivity between their financial markets.
UAE’s AD Ports Group doubles credit facility to $2.13bn
The UAE’s Abu Dhabi Ports Group has successfully refinanced and more than doubled its revolving credit facility from $1 billion to $2.13 billion. The move extends the facility’s maturity from 2026 to 2028, with an option for further extension until 2030.
Saudi Arabia seeks to establish specialized courts to resolve business disputes
Saudi Arabia plans to establish specialized courts to address investment disputes, enhance market confidence, and support its Vision 2030 strategy of becoming a global business hub.
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