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Datacom aims to ride Saudi Arabia’s tech wave
Technological infusion across all sectors has boosted Saudi Arabia’s position as a catalyst of change, attracting players from all over the globe.
Datacom, under the leadership of CEO Dawood Moya, aims to be a significant contributor to…
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Finance minister, SAMA governor participate in G20 ministerial meeting in Rio de Janeiro
The Saudi Minister of Finance and the governor of the Saudi Central Bank (SAMA) concluded their participation in the third G20 Finance Ministers and Central Bank Governors Meeting, which was held on Thursday and Friday in Rio de Janeiro.…
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Saudi Arabia joins 80 countries in historic deal on e-commerce
About 80 countries including Saudi Arabia reached a historic agreement on Friday on rules governing global digital commerce, including recognition of e-signatures and protection against online fraud.
“We negotiated the first global rules…
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Saudi Arabia, Brazil eye stronger economic ties with joint projects
Following high-level meetings, trade relations between Saudi Arabia and Brazil have been lauded for their “remarkable development.”
The efforts of Saudi Arabia to strengthen economic ties were highlighted in Sao Paulo, Brazil, where…
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Saudi airline flynas to buy 160 Airbus planes
Saudi low-cost airline flynas has signed a deal to purchase 160 Airbus aircraft, doubling the volume of its orders to 280 planes.
The “landmark agreement,” signed at the UK’s Farnborough International Airshow, includes an order of 30…
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Saudi Arabia’s non-oil exports hit 2-year high at $7.70bn in May: GASTAT
Saudi Arabia’s non-oil exports hit a two-year high in May, reaching SR28.89 billion ($7.70 billion), an 8.2 percent increase compared to the same month in 2023.
According to the General Authority for Statistics, this also represented a…
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Moody’s affirms Islamic Development Bank’s AAA rating
Moody’s Investor Services has affirmed its AAA credit rating with a stable outlook for the Islamic Development Bank, driven by the financial institution’s robust asset performance.
In a press release, IsDB said that its short-term issuer…
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Saudi Arabia’s Dammam port records 37.4% surge in container handling
Saudi Arabia’s King Abdulaziz Port in Dammam reported a notable 37.4 percent year-on-year increase in container handling during the first half of 2024, indicating strong growth in the maritime sector.
The port managed 1.53 million…
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SAMA chief lauds global efforts to contain inflation
Saudi Central Bank governor praised the “well-calibrated” monetary policies adopted by global financial institutions to tackle inflation and bolster the resilience of the world economy amid diverse challenges.
Ayman Al-Sayari spoke at a…
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NEOM hits milestone with completion of underground parking, light rail systems
Saudi Arabia’s $500 billion megacity NEOM has completed the construction phases of its underground parking and light rail systems, marking a milestone in its ambitious zero-carbon initiative.
Assisted by 10 high-capacity rotary drilling…
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