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Press Dossier   By Date  22/11/2023
Saudi Arabia and China sign currency swap agreement worth $6.9bn
The Saudi Central Bank, also known as SAMA, and the People’s Bank of China have signed a local currency swap agreement worth SR26 billion ($6.93 billion) as collaboration between the countries continues to strengthen.
Japanese travel company signs memorandum of understanding with Saudi Tourism Authority
HIS, a Tokyo-based travel company, has signed a memorandum of understanding with the Saudi Tourism Authority to boost tourism in the Kingdom.
Saudi EXIM and Banque Saudi Fransi collaborate to enhance SME export funding
Small and medium-sized enterprises involved in exports can expect easy access to funding, following a collaboration between the Saudi EXIM Bank and Banque Saudi Fransi.
Saudi Arabia’s NDMC closes November sukuk issuance at $710m
Saudi Arabia’s National Debt Management Center has closed the November issuance of its riyal-denominated sukuk program, with a bid amount totaling SR2.66 billion ($710 million), representing a decline of 33.16 percent compared to October.
Oman LNG to sell 1m tons of gas annually to UK’s BP for 9 years
British multinational oil and gas company BP is on track to receive 1 million tons of Omani liquefied natural gas annually starting in 2026 amid a new agreement.
Closing Bell: Saudi main index steady at 11,129, Nomu surges
Saudi Arabia’s Tadawul All Share Index stayed steady on Tuesday, increasing slightly by 10.16 points or 0.09 percent to close at 11,129.10.
Bahrain’s Gulf Hotels Group announces expansion into Saudi Arabia
Bahrain’s Gulf Hotels Group is set to expand into Saudi Arabia by opening a representative office in Riyadh, aiming to capitalize on the Kingdom’s growing tourism market.
GCC economy set to grow 3.7% in 2025: World Bank
The Gulf Cooperation Council economy is estimated to grow by 3.6 percent in 2024 and 3.7 percent in 2025, according to the World Bank.
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