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Press Dossier   By Date  25/12/2024
Arab markets see 60% surge in trading volumes in November
Saudi Arabia: Trading activity across Arab financial markets surged in November, with volumes jumping nearly 60 percent, driven by strong performance in Iraq and other regional exchanges, a new report showed.
Aramco secures prime ratings for $10bn commercial paper program
Saudi Arabia: Saudi Aramco’s robust financial standing has been reaffirmed by Moody’s and Fitch, with the agencies assigning strong ratings to the energy giant’s newly established $10 billion US Commercial Paper Program.
Saudi Arabia, Iraq eye stronger digital cooperation
Saudi Arabia: Digital partnerships between Saudi Arabia and Iraq are on track to prosper after a top ministerial meeting between the two countries.
Saudi flyadeal records lowest complaint in November
Saudi Arabia: 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.
Ministry warns retailers not to hike prices of 9 basic food items in UAE
United Arab Emirates: The UAE’s Ministry of Economy on Tuesday prohibited the retailers and suppliers from hiking prices of nine basic consumer goods — cooking oil, eggs, dairy, rice, sugar, poultry, legumes, bread, and wheat — in the country. The new pricing policy is scheduled to take effect on Jan.2, 2025.
Bahrain announces 6,900 new housing services for citizens
Bahrain: Bahrain's government has begun implementing the plan to provide 6,900 new housing services for its citizens as well as expansion of the Mazaya programme in 2024 to an additional 1,400 beneficiaries, reported BNA.
UAE non-oil sectors push GDP growth to 4% in 2024: CBUAE
United Arab Emirates: The UAE economy is expected to grow by 4 percent in 2024, driven by robust performance across key non-oil sectors, according to official projections.
Dewa set to implement $1.9bn smart grid project by 2035
United Arab Emirates: Dubai Electricity and Water Authority (Dewa) is set to implement a smart grid project over the next decade as part of its efforts to ensure seamless 24/7 integrated services across the electricity and water network.
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