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Press Dossier   By Date  03/06/2025
Middle East airlines to lead global profit margins in 2025, IATA says
Middle East airlines are forecast to post the world’s highest net profit margin in 2025 of 8.7 percent, outpacing global peers, according to the latest industry report.
Rising demand sends Riyadh mall rents up by 4% in a year
Saudi Arabia’s capital is spearheading the Kingdom’s retail transformation, with mall rents up by 4 percent in a year and 2.2 million sq. meters of shop space to be developed by 2030.
Closing Bell: Tadawul closes higher on Monday as TASI edges up; Nomu surges over 300 points
Saudi Arabia’s Tadawul All Share Index closed slightly higher on Monday, gaining 24.82 points, or 0.23 percent, to reach 10,850.09.
Oman’s electrical machinery exports surge 141% in Q1 as industrial policy drives growth
Exports of electrical machinery and equipment from Oman surged by 141 percent in the first quarter of 2025, reaching 128 million Omani rials ($332.8 million) compared to 53 million rials in the same period of 2024, according to official data.
Qatar and Kuwait sign tax agreement to boost economic ties
Qatar and Kuwait have signed an agreement to eliminate double taxation and prevent tax evasion and avoidance, aiming to enhance economic coordination and commercial ties.
Kuwait moves to align tax, investment policies with Qatar, Saudi Arabia
The Kuwaiti Ministry of Finance signed two separate agreements on Sunday with its counterparts in Saudi Arabia and Qatar. The agreements aim to support regional financial cooperation and enhance economic integration among Gulf Cooperation Council (GCC) countries.
NBK signs agreement with AIU to enhance career development
The National Bank of Kuwait signed a Memorandum of Understanding (MoU) with the American International University to provide collaborative and innovative training programs and professional development workshops.
Al-Tijaria, CSCEC sign strategic MOU with to collaborate on govt-tendered projects
The Commercial Real Estate Company (Al-Tijaria), one of Kuwait’s leading real estate companies, has signed a Memorandum of Understanding (MOU) with China State Construction Engineering Corporation Ltd (CSCEC), a global construction giant based in China, to jointly explore and collaborate on a range of strategically selected development projects tendered by governmental authorities in Kuwait.
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