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Global hospitality leaders eye investment opportunities at Abu Dhabi summit
The global hospitality sector is set to witness a significant influx of investment as key industry players from over 50 countries convene at the Future Hospitality Summit in Abu Dhabi from Sept. 25-27.
Centered around the theme “Focus on…
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Saudi airline passenger complaints drop 11.8% in August: GACA
As part of ongoing efforts to enhance efficiency and competitiveness in Saudi Arabia’s aviation sector, the number of passenger complaints among carriers in August dropped by 11.8 percent compared to the same month last year.
Data…
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Red Sea International Airport becomes operational
The Red Sea International Airport became operational with the touchdown of the first Saudia flight early on Thursday, according to the Red Sea Global.
In a statement, the multi-project developer behind the world’s most ambitious…
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Saudi Arabia’s merchandise exports steady at $24.34bn in July: GASTAT
Amid global economic headwinds, Saudi Arabia showcased resilience in its trade performance, as the Kingdom’s overall merchandise exports were steady in July hitting SR91.3 billion ($24.34 billion), down just 0.4 percent compared to June,…
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Kenya extends oil supply agreement with three Gulf companies
Kenya has extended an oil supply deal with three Gulf-based companies, which is designed to manage demand for dollars, the energy regulator said on Tuesday.
The East African nation entered the deal with Saudi Aramco, Abu Dhabi National…
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Banks’ ‘net zero’ pledges must align with temperature limits: US Treasury
The US Treasury on Tuesday released new principles for “net-zero” financing commitments from banks and asset managers on Tuesday, saying they should align with goals to limit the global average temperature increase to 1.5 degrees Celsius…
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Egypt to boost oil and gas production with new Zohr gas field wells
Egypt is set to bolster its oil and gas production with plans to drill multiple new wells in the Zohr gas field throughout 2024 and 2025, according to a statement from the government.
The move aims to ramp up output, improve operational…
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Standard & Poor’s confirms Saudi Arabia’s credit rating at A/A-1, stable outlook
Standard & Poor’s (S&P) confirmed its credit rating for Saudi Arabia in local and foreign currencies to “A/A-1” with a stable outlook in its recently issued report, Saudi Press Agency reported on Saturday.
The agency explained…
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Saudi firms dominate venture investment activity
Saudi firms have taken the venture ecosystem by storm with startup activity dominating activity in recent weeks.
Saudi Aramco’s $500 million venture capital subsidiary Wa’ed Venture made global headlines as it co-led a $52 million series…
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Capital Market Authority refers 25 suspects to prosecutor amid stock market violations
Saudi Arabia’s financial watchdog has referred 25 suspects to the Kingdom’s public prosecutor after the share prices of 84 listed companies were manipulated.
The Capital Market Authority revealed the offenses go back as far as 2019, and…
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