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Press Dossier   By Date  12/06/2025
Saudi Arabia’s ACWA Power plans $5bn investment deal with Uzbekistan
Saudi utility giant ACWA Power is planning to invest $5 billion in Uzbekistan, affirming its status as the leading foreign investor in the Central Asian nation’s energy sector, according to a top official.
Saudi e-commerce sales via Mada cards jump 57% in April to reach $6.2bn
Saudi Arabia’s e-commerce sales using Mada cards increased by 57 percent in April compared to the same month last year, hitting SR23.27 billion ($6.2 billion).
Saudi Arabia adds MEDEX service to Jeddah Port, linking 12 global hubs
Saudi Arabia has expanded its maritime connectivity with the addition of the MEDEX shipping service at Jeddah Islamic Port, linking the Kingdom to 12 regional and international ports.
Abu Dhabi expects more rapid growth for its financial center
The rush of financial firms setting up in Abu Dhabi to tap the emirate’s wealth funds and Middle East markets will continue at pace, the official in charge of expanding its financial hub has predicted.
Closing Bell: Saudi main index holds steady at 11,005
Saudi Arabia’s Tadawul All Share Index gained 0.49 points on Wednesday, closing at 11,005.02.
Saudi, Dutch deal to enhance farm services
Saudi Arabia’s National Co. for Agricultural Services, known as AgriServ, and the Netherlands’ Delphy signed a cooperation agreement during the recent GreenTech exhibition in Amsterdam.
Kuwait implements mandatory exit permit for expatriate workers
Kuwait on Wednesday imposed for the first time an exit permit for private sector expatriate workers, which must be obtained prior to travel and with the full consent of sponsors or employers. The decision takes effect from July 1, according to the Public Authority of Manpower.
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