Business

Saudi Arabia witnessed a 38 percent rise in real estate transactions during the first half of the year, reaching 106,700 deals with a total value of around SR127.3 billion ($33.9 billion), according to Knight Frank. A report by the…
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Saudi Arabia’s National Housing Co. reported a fourfold increase in residential sales for the first half of the year, reaching SR13.5 billion ($3.59 billion), with over 13,000 units sold. This growth, highlighted by a significant…
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Turkiye announced agricultural production support payments for 2025-2027, according to a presidential decision published in the country’s official gazette on Thursday. Barley, safflower, sunflower for oil, wheat, canola, lentil, grain…
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Saudi Arabia and Poland have established a joint business council for the 2024-2028 term to boost trade and investment between the two countries. The Kingdom’s General Authority for Foreign Trade has finalized the formation of the…
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The Saudi Arabian Oil Co., also known as Saudi Aramco, has raised the official selling prices for propane in September by $15 per tonne from the previous month, according to an official statement. The company also increased butane prices…
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Listed companies in Saudi Arabia saw a modest increase in net profit by 2.6 percent year on year, reaching $39.1 billion in the second quarter of 2024, according to a report. The latest study from Kuwait-based asset management company…
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German food-ordering giant Delivery Hero is preparing an initial public offering of its Emirati subsidiary Talabat on the Dubai stock exchange in the fourth quarter of this year. Delivery Hero may pursue a listing by selling a portion of…
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Saudi Arabia’s point-of-sale transactions dipped to SR11.6 billion ($3.09 billion) between Aug. 18 and 24, reflecting a 14.1 percent decrease from the previous week, official data showed. According to the latest figures from the Saudi…
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Egypt has uncovered a significant new oil deposit in the Western Desert, which officials believe could substantially boost the country’s energy production. The discovery, made in the West Fewebs-1 area of the Kalabsha Development Area,…
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Islamic banks in the UK saw their assets surge 26 percent in 2023 to $8.2 billion, reinforcing the country’s position as a key Western hub for Shariah-compliant banking. Fitch Ratings, in its latest report, expects the UK’s Islamic…
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