UAE and Korean Presidents witness signing of Comprehensive Economic Partnership Agreement

President His Highness Sheikh Mohamed bin Zayed Al Nahyan and His Excellency Yoon Suk Yeol, President of the Republic of Korea, today witnessed the signing of a landmark Comprehensive Economic Partnership Agreement between the UAE and the Republic of Korea, paving the way for a new chapter of economic cooperation and mutual growth. The ceremony…

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Boursa Kuwait hosts IR workshops in collaboration with Instinctif Partners

KUWAIT: Boursa Kuwait hosted investor relations workshops in collaboration with Instinctif Partners, a strategic reputation advisory firm based in Europe, the Middle East and Africa, at the bourse’s premises on May 27, 2024, targeting companies listed in the Kuwaiti capital market. The workshops aimed at enriching the awareness and understanding of the latest, best-in-class standards and…

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Royal directives to convert companies into joint stock companies and list them in stock markets

Muscat: Pursuant to the Council of Oman’s keenness to develop the capital market sector, activate its role as funding option, enhance the contribution of commercial companies to the local economy and to augment the market value of Muscat Stock Exchange and to increase the number of companies listed therein, His Majesty the Sultan issued Royal directives…

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Saudi recruiters to face heavy fines for visa violations

RIYADH: The General Directorate of Public Security announced that recruiters who postpone reporting the departures of employees as soon as their entry visas expire will be subject to a fine of about SR50,000 ($13,300), imprisonment for up to six months, and deportation of recruitees if they are expatriates. The directorate called for reporting residency, work…

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Palestinian refugees’ health suffering crushing blow due to Israeli war in Gaza: UNRWA

LONDON: Palestinian refugees in Gaza are experiencing an unprecedented health crisis as a result of Israel’s war on the region, according to the annual UN Relief and Work Agency’s health report released on Tuesday. Palestinian refugees’ health and well-being have suffered a “crushing blow,” the report said, with higher rates of injury, trauma, and mental…

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Saudi Arabia’s top banks see 8% earnings surge to $5bn in Q1 

RIYADH: Saudi Arabia’s top 10 listed banks saw their earnings surge by 8 percent in the first quarter of 2024, reaching SR18.65 billion ($5 billion) compared to the corresponding period of the previous year.  The increase in earnings can be attributed to several factors, including an 11 percent growth in lending and a rising interest…

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