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Saudi Arabia’s non-oil economy to expand by 4% annually until 2030: Moody’s
Saudi Arabia’s economic diversification efforts are set to continue to bear fruit as the Kingdom’s non-oil economy is projected to expand between 3 percent and 4 percent each year until 2030, according to an expert at Moody’s Analytics.…
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BlackRock to invest up to $400m in Dubai decarbonization firm Positive Zero
BlackRock has agreed to invest up to $400 million in Dubai-based decarbonization company Positive Zero through a diversified infrastructure fund, Positive Zero said in a statement on Monday according to Reuters.
The investment will help…
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Industry leaders to discuss future of aviation industry in Riyadh
Thought leaders and stakeholders of the global aviation industry are set to converge on Riyadh for the second Saudi Airport Exhibition to discuss emerging trends and pressing issues facing the sector.
The event, to be held on Dec. 19-20…
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BNPL platform Tamara becomes 1st Saudi fintech unicorn after $340m funding round
Buy now, pay later platform Tamara has become the first Saudi fintech startup to reach a $1 billion valuation after raising $340 million in its series C funding round, according to a statement.
Led jointly by SNB Capital and the Public…
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Saudi, Korean industry ministers sign MoU to expand industrial cooperation
Saudi Arabia marked a milestone in its ongoing bilateral trade discussions with South Korea as the Kingdom’s industry minister met with his Korean counterpart in Seoul.
Saudi Industry and Mineral Resources Minister Bandar Alkhorayef met…
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Jeddah airport tops Saudi Arabia’s November performance rankings: GACA
Saudi Arabia’s King Abdulaziz International Airport outperformed other airports in the Kingdom for overall performance in November, official data showed.
According to the General Authority of Civil Aviation, Jeddah’s KAIA achieved a…
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Oman, India deepen economic ties through multiple MoUs
The economic and trade relations between Oman and India are set to strengthen further as both nations recently signed multiple agreements and memorandums of understanding across various sectors.
The deals were formalized during the visit…
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Turkiye’s lira bonds set to yield promising returns, central bank governor says
Turkiye is urging foreign investors to consider government bonds that offer yields in Turkish lira as the country approaches the end of its tightening monetary cycle, according to the central bank’s chief.
Turkish Central Bank Gov.…
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Sultan Haitham in Delhi as India, Oman pursue free trade deal
Prime Minister Narendra Modi held talks on Saturday with the ruler of Oman, Sultan Haitham bin Tariq, as the two countries pursue a free trade agreement.
Sultan Haitham is on a three-day visit to New Delhi, which started on Friday. It is…
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True value of Expo 2030 boost laid out in new report
Saudi Arabia’s successful bid for Expo 2030 is going to provide an economic boost to the Kingdom that lasts far beyond the event itself, according to a new report.
Research by Al-Rajhi Capital shows that while travel, tourism, and…
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