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Press Dossier

By Date

15/05/2025

	Saudi Arabia weekly POS transactions remain above $3bn: SAMA Saudi Arabia’s point-of-sale transactions remained above SR13 billion ($3.47 billion) for the second week in a row, according to the latest official figures.
	ACWA Power expands Saudi-US energy cooperation with $500m deals Saudi Arabia’s ACWA Power has signed new agreements worth $500 million with several US firms, further solidifying its strategic ties with the country and expanding the scope of joint energy projects to over $6 billion.
	Oman, Japan sign deal to tackle environmental issues Oman’s Environment Authority and Japan’s Ministry of the Environment have signed a bilateral agreement aimed at enhancing cooperation on environmental issues and advancing sustainable development, according to the Oman News Agency.
	Saudi wealth fund signs $11bn deals to boost financial markets Saudi Arabia’s Public Investment Fund has signed a series of landmark agreements with leading US financial institutions worth a combined potential investment of up to $11 billion, signaling a major push to strengthen and diversify the Kingdom’s capital markets as part of Vision 2030.
	Saudi Arabia signs deals worth more than $300 billion with US, crown prince confirms Saudi Arabia has signed deals with the US worth more than $300 billion, Crown Prince Mohammed bin Salman said at the Saudi-US Investment Forum in Riyadh on Tuesday.
	No more Emirates ID cards? UAE to launch digital ID system using facial recognition The UAE is set to roll out an alternative digital identification system that will eliminate the need to present physical Emirates ID cards to access key services. The system, expected to launch within a year, will use facial recognition and biometric identification to streamline service access across various sectors.
	UAE approves new rules for lawyers, legal consultants defining licensing, training law The UAE Cabinet has approved laws governing and organising the legal profession and consultancy. The regulation, announced on Wednesday, addresses some provision to structure and modernise the legal industry.
	Dubai: Sheikh Hamdan appoints 6 new officials at key government entities The Dubai Crown Prince announced several new appointments in key government entities of Dubai on Wednesday.

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