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Press Dossier   By Date  23/03/2023
UAE Central Bank moves a step closer to digital currency launch
The Central Bank of UAE (CBUAE) has signed a deal with G42 Cloud and R3 to provide infrastructure and technology to commence implementation of the Central Bank Digital Currency (CBDC) Strategy, one of the nine initiatives of the CBUAE’s Financial Infrastructure Transformation (FIT) Programme.
Dh15,000 fine in UAE: Authority issues warning against selling cigarettes to minors
The sale of cigarettes is strictly monitored in the UAE — and these should never land in the hands of buyers under the age of 18.
Saudi development fund and UNDP discuss developing cooperation
The CEO of the Saudi Fund for Development, Sultan Al-Marshad, met with Nahid Hussein, the resident representative of the UN Development Programme for the Kingdom, and her accompanying delegation in the capital, Riyadh, the Saudi Press Agency reported on Wednesday.
Saudi real estate rental deals up 81% to reach $20.2bn
Saudi Arabia’s residential and commercial rent deals almost doubled in value last year to reach SR76 billion ($20.2 billion) compared to SR41.9 billion in 2021.
Saudi Arabia’s NDMC closes March sukuk issuance at $897m
Saudi Arabia’s National Debt Management Center announced the closure of the Riyal-denominated sukuk program issuance for March with the total bid amount received at SR8.34 billion ($2.2 billion).
Refineries get ‘advanced ranking’
Mina Abdullah and Ahmadi Refineries have got an ‘advanced international ranking’ of risk engineering quality, the Kuwait National Petroleum Company (KNPC) said Wednesday.
Bolster supply chain management to ensure food security: Economist
Food security is in focus recently due to the political and economic situations around the world including the Russia-Ukraine war, financial crises and debates whether to raising the interest rate to control growing inflation.
Boubyan Bank distributes 6% in cash dividends and 6% in bonus shares
Chairman of Boubyan Bank Abdulaziz Abdullah Dakheel Al-Shaya reiterated the bank’s ongoing endeavors to achieve excellent and accelerating growth of financial indicators and market shares in a manner that benefits all its shareholders and the Kuwaiti economy, in addition to focusing on quality customer service and upskilling the bank’s human resources, which turns Boubyan into a banking and digital powerhouse in Kuwait and the region.
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