Business

Saudi Arabia and Turkiye are working to enhance cooperation in the industrial and mining sectors following recent high-level meetings. To boost trade and non-oil exports while attracting high-quality investments, the Kingdom’s Deputy…
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Energy giant Saudi Aramco’s growth capital arm, Wa’ed Ventures, has invested $15 million in chipmaker firm Rebellions, marking the fund’s first investment in a South Korean startup. The funding will enable Rebellions to accelerate the…
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Following meetings between Saudi Arabia’s industry minister and Brazilian companies, the Kingdom aims to boost the localization of vaccines and pharmaceuticals by leveraging Brazil’s expertise. During his discussions with several…
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Government-owned airline flydubai is in early talks with planemakers Boeing and Airbus to place its largest-ever airplane order, CEO Chief Executive Ghaith Al-Ghaith said on Tuesday. “The last order we did was 175 and this (next one) is…
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The unavailability of certain key data has led Fitch Ratings to withdraw from categorizing Lebanon, as the agency no longer has sufficient information to maintain its assessment of the nation. The global credit rating agency has affirmed…
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Qatar Airways on Tuesday ordered 20 Boeing 777X long-haul aircraft worth $8.8 billion at list prices, boosting the US aviation giant at Britain’s Farnborough International Airshow. “Qatar Airways is proud to announce an expansion to the…
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Middle Eastern sovereign investors are following their global counterparts by prioritizing India and other emerging markets amid concerns over geopolitical tensions, an analysis said. In its latest report, Invesco, a US-based investment…
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Saudi giga-project NEOM and hospitality firm Equinox Hotels have announced plans to open a resort on the coast of the Gulf of Aqaba as part of the recently unveiled Magna development. In June, NEOM introduced the luxury destination,…
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Industrial and logistics asset demand in Dubai and Abu Dhabi surged 185 percent year-on-year to 18 million sq. feet in the first half of 2024, a new report showed. In its industrial market review, Knight Frank noted that the sector’s…
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Saudi real estate sector is set to embrace advanced technologies after the National Housing Co. partnered with Korean tech firm Naver Corp. to enhance smart city solutions. The collaboration, formalized in the presence of Housing…
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