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Saudi Arabia’s REGA sees more than 96k registered properties in 2023
Saudi Arabia’s Real Estate General Authority has announced significant strides in its property unit division and technological advancements through its Mullak electronic platform.
The organization achieved a notable milestone during 2023…
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Saudi venture capital space records unprecedented growth in 2023
Saudi Arabia’s startup ecosystem flourished in 2023 with the venture capital sector reaching new heights.
The entrepreneurial environment in the Kingdom charted a new course for economic prosperity, positioning Saudi Arabia as a leading…
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Saudi Real Estate Refinancing Co. responsible for $13 billion additional liquidity in housing sector
Saudi Arabia’s secondary market for residential real estate financing has received SR50 billion ($13 billion) from the company tasked with transforming the sector, Arab News has been told.
The Saudi Real Estate Refinancing Co., SRC,…
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$53m manufacturing plan announced at Saudi Arabia dates conference
More than 25 local and international agreements were signed at the recent International Dates Conference and Exhibition in Riyadh.
Investment plans to establish a SR200 million ($53 million) manufacturing facility and SR70 million…
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GCC and South Korea sign historic free trade agreement to enhance economic ties
The Gulf Cooperation Council and South Korea are set to bolster their economic ties with a new free trade agreement.
The deal, inked in Seoul by Jassim Mohammed Al-Budaiwi, the secretary-general of the GCC, and Ahn Duk-geun, the East…
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UAE unveils governance overhaul to boost family businesses
Family businesses in the UAE are poised for a boost as the Ministry of Economy introduces a unified registry and implements four new cabinet resolutions to enhance governance and competitiveness.
The initiative also aims to ensure the…
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Saudi fintech platform closes $15m series A funding round
Saudi digital lending platform Tameed, specializing in Shariah-compliant financing for small and medium enterprises, has successfully closed a series A funding round, raising SR56.75 million ($15 million).
Led by Alromaih Group in…
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Qatar signs 5-year crude sales deal with Shell in Singapore
Qatar has entered into a significant agreement to supply Shell in Singapore with up to 18 million barrels of oil annually for a period of five years, marking the Gulf state’s inaugural five-year crude sales deal.
QatarEnergy announced…
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SAMA’s total assets in November reach $485.64tn
The total assets of the Saudi Central Bank, also known as SAMA, in November rose by 3.25 percent as compared to the previous month to reach SR1.821 trillion ($485.64 trillion), data issued by the apex bank showed on Thursday.
The bank's…
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Egypt seals 29 deals in 2023 to search for oil and gas
Egypt’s petroleum sector made huge strides in 2023 with the signing of 29 agreements valued at $1.2 billion for oil and gas exploration.
The Ministry of Petroleum and Mineral Resources revealed in a statement that it granted $61 million…
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