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Saudi banks’ money supply increases 9% in June to reach $773bn
Saudi banks’ money supply rose 9 percent in June compared to the same month of 2023 to reach SR2.9 trillion ($773 billion), official data showed.
According to figures released by the Saudi Central Bank, also known as SAMA, the increase…
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US-Bangla Airlines given approval to operate regular Dhaka-Jeddah flights
Saudi Arabia is expanding its global air connectivity by allowing US-Bangla Airlines to operate seven weekly flights between the Kingdom and Bangladesh starting August 1.
The General Authority of Civil Aviation, through its air transport…
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Arab countries responsible for 96.3 percent of Japan’s oil imports in June
Japan imported 62.54 million barrels of oil in June, of which the Arab share was 96.3 percent or 60.26 million barrels, according to figures released by the Agency of Natural Resources and Energy of Japan’s Ministry of Economy, Trade, and…
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Kuwaiti lenders Boubyan Bank and Gulf Bank weigh merger
Kuwaiti lenders Boubyan Bank and Gulf Bank are weighing a merger to create a single Islamic bank with $53 billion in assets as part of a plan to fuel growth and expansion.
The boards of Boubyan Bank and Gulf Bank have approved the…
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Qatar records budget surplus of $713m in Q2
Qatar recorded a budget surplus of 2.6 billion riyals ($713.31 million) in the second quarter of 2024, the Finance Ministry said on Wednesday, adding it would use it to reduce public debt.
The Gulf state, among the world’s biggest…
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Saudi-S. Korea firms sign 10 agreements at high-level business forum
Saudi and South Korean companies signed 10 agreements spanning construction, energy and health sectors on the sidelines of a business forum in Seoul on Tuesday.
Contracting, sustainability, and food were also covered by the deals, inked…
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Consumer confidence in Saudi economy among highest globally: Survey
Consumer confidence in Saudi Arabia ranks among the highest globally, with 95 percent of respondents believing the country is heading in the right direction, according to a new survey.
The latest Ipsos Primary Consumer Sentiment Index…
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IMF approves $820m disbursement to Egypt
The International Monetary Fund has approved the disbursement of approximately $820 million to Egypt following the completion of the third review of the country’s extended arrangement.
The IMF approved an expanded $8 billion support…
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Saudi Arabia’s Tabuk region holds investment opportunities worth $13bn: Al-Falih
The investment opportunities in Saudi Arabia’s Tabuk region are currently estimated at SR50 billion ($13.3 billion), according to the Kingdom’s Minister of Investment, Khalid Al-Falih.
At a meeting organized by the Tabuk Chamber and the…
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Saudi Arabia rises to 4th in WEF skilled employees index
Saudi Arabia has now risen to fourth place in the World Economic Forum’s rankings for finding skilled employees, climbing three positions and demonstrating significant global progress, the Saudi Press Agency reported.
According to WEF…
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