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Press Dossier   By Date  29/10/2024
Closing Bell: Saudi main index slips to close at 12,053
Saudi Arabia’s Tadawul All Share Index dipped on Monday, losing 15.82 points, or 0.13 percent, to close at 12,053.15.
Saudi Arabia nears cashless society with 98% contactless payment: Visa executive
Saudi Arabia has achieved 98 percent adoption of contactless payments for in-person transactions, a leap from just 4 percent in 2017, according to a top Visa executive.
Saudi private sector investments in Africa to reach $25bn: finance minister
Saudi private sector investments in Africa are expected to reach $25 billion in the next 10 years as economic and trade cooperation between the Kingdom and the continent strengthens, said a top minister.
Saudi ACWA Power’s investment in Africa reaches $7bn, CEO says
Saudi ACWA Power has invested $7 billion in Africa to date, according to the electric power generation company’s CEO.
ACWA Power reaches 50 MW at South Africa’s Redstone solar plant
Saudi utility firm ACWA Power has achieved a milestone of 50 megawatts at its Redstone Concentrating Solar Power plant in South Africa and is set to reach full capacity soon.
Africa’s economic vitality is key to global stability, says Saudi minister
Africa’s economic vitality has a profound impact on global stability, Saudi Arabia’s Minister of Investment Khalid bin Abdulaziz Al-Falih emphasized during a forum ahead of the Future Investment Initiative event.
stc revenues reach KD 261.8m for 9 months of 2024; net profit KD 24.7m
Kuwait Telecommunications Company (stc), a world-class digital leader providing innovative services and platforms to customers and enabling the digital transformation in Kuwait, announced its financial results for the nine months period ended September 30, 2024, highlighting the most significant achievements, financial and operational performance in addition to the social initiatives made by the company during 2024.
ABK reports 19% increase in net profit to KD 38.83 million for 9 months of 2024
Al-Ahli Bank of Kuwait (ABK) proudly announced its robust 9-month 2024 financial results, once again affirming its position as a leading financial institution.
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