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Saudi Arabia and Brazil sign 25 deals at investment forum
Officials from Saudi Arabia and Brazil signed 25 agreements to enhance cooperation across various sectors during an investment forum held in Sao Paulo on Monday.
The agreements, signed between both countries’ government agencies and…
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Saudi Arabia’s ship traffic rises by 8.06%
Affirming Saudi Arabia’s ongoing efforts to become a global logistics hub, the ship traffic in the Kingdom’s ports rose by 8.06 percent to 14,266 vessels in 2022 compared to the year before, according to official data released by the…
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Luberef’s profit soars 21.68% to $240m in H1
Driven by higher base oil crack margins, the net profit of Saudi Aramco Base Oil Co., also known as Luberef, surged 21.68 percent to SR900.52 million ($240 million) in the first half of 2023 compared with SR740.10 million in the same period…
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Oman’s aviation sector recovers to 70% of pre-pandemic levels
Oman’s aviation sector is getting closer to breaking its pre-pandemic records as airport operations recovered by 70 percent compared to 2019 levels.
Nayef Al-Abri, president of the country’s Civil Aviation Authority, said in a statement…
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Moroccan economy grew 1.3% in 2022, against 8% in 2021: central bank
The Moroccan economy registered growth of 1.3 percent in 2022, slowing down from the 8 percent growth registered in 2021, the central bank said late on Saturday.
Abdellatif Jouahri, Governor of Bank Al-Maghrib presented the figures to…
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Top Bangladesh business leaders set to explore Saudi markets
Top business leaders from Bangladesh are preparing to visit Saudi Arabia to explore the Kingdom’s markets and enhance commercial ties between the two countries, the delegation’s head said.
Opportunities for cooperation have been on the…
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Saudi Central Bank and Hong Kong Monetary Agency sign deal to share expertise
Saudi Arabia’s financial system is to benefit from Hong Kong’s expertise thanks to a new deal signed between the Kingdom’s central bank and the Asian powerhouse.
Ayman Al-Sayari, governor of the Saudi Central Bank which is also known as…
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Qatar’s trade surplus touches $4.77bn in June
Qatar’s trade surplus remained broadly stable in June, reaching 17.4 billion Qatari riyals ($4.77 billion), reflecting a slight dip of 4.4 percent from the previous month.
The trade surplus decreased by 42.3 percent compared to June last…
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FDI into Saudi Arabia grows 10.2% to $2.1bn: economy ministry
Saudi Arabia attracted SR8.1 billion ($2.1 billion) in foreign direct investment in the first quarter of 2023, marking a 10.2 percent growth year on year, showed a government report.
The figure for the first three months of 2023 also…
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Saudi Arabia establishes International Center for AI Research and Ethics
In a bid to accelerate the growth of advanced technologies like artificial intelligence, Saudi Arabia’s Prime Minister and Crown Prince Mohammed bin Salman has approved the establishment of the International Center for Artificial…
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