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Press Dossier   By Date  30/04/2024
Closing Bell: TASI closes in green; Saudi banks profits up
Saudi Arabia’s Tadawul All Share Index wrapped up Monday’s trading session at 12,369.46 points, witnessing an increase of 137.92 points, or 1.13 percent.
Saudi Central Bank and BIS co-host meeting on reserve management in Riyadh
The evolving global landscape presents new challenges and opportunities for central bank reserve managers, the governor of Saudi Arabia’s apex financial institution explained at a high-level meeting.
IsDB, SFD, Arab Coordination Group join hands to raise $500m for education initiatives
A global partnership involving the Islamic Development Bank will inject $500 million into educational initiatives across member countries of the Organization of the Islamic Cooperation.
Dubai Financial Market posts 171% rise in profit for first quarter
The Dubai Financial Market on Monday announced that it posted a net profit of Dh95.6 million before tax for the first quarter of 2024, a rise of 171 per cent as compared to the same period last year.
Islamic finance industry projected to grow in 2024-2025
The Islamic finance industry is projected to grow globally in 2024-2025 with total assets likely to witness single-digit growth driven by economic diversification efforts, a report said.
Dubai Real Estate Brokers Program attracts 25 strategic partnerships
Dubai’s property market is set to grow, with the Real Estate Brokers Program securing 25 partnerships with brokerage companies and developers in the private sector.
Dubai ruler approves new $35bn airport terminal
Dubai’s ruler Sheikh Mohammed bin Rashid Al-Maktoum approved a new passenger terminal in Al Maktoum International airport worth 128 billion dirhams ($34.85 billion), he said on Sunday in a post on X.
SFD, AfDB sign deal to finance development initiatives in Africa
Emerging African economies are poised to receive a funding boost for growth initiatives following a deal involving the Saudi Fund for Development, aiming to foster sustainable progress.
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