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Saudi MSMEs see 16% growth in credit offerings in 1st quarter
Credit facilities provided to micro, small, and medium enterprises in Saudi Arabia saw an annual rise of 16 percent in the first three months of 2024, according to recent data.
Figures from the Kingdom’s central bank, known as SAMA,…
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MAGRABi to expand with 36 new Doctor M stores this year
Middle East eyewear retailer MAGRABi Retail Group is planning to open 36 new stores in 2024, expanding its footprint across the region and meeting increasing consumer demand for eyewear through its lifestyle brand, Doctor M.
In an…
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Federation of Saudi Chambers a catalyst for economic growth and international cooperation, experts…
Reestablishing a business council with Canada after a five-year hiatus is the latest example of the pivotal role the Federation of Saudi Chambers is playing in facilitating international trade, experts have insisted.
On July 7 it was…
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Oil prices rise on cooling US inflation but heading for weekly dip
Oil prices inched up on Friday amid signs of easing inflationary pressures in the world’s biggest oil consumer, the US, though the contracts were headed for a weekly decline, according to Reuters.
Brent crude futures rose 33 cents, or…
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Saudi Arabia listed as 2nd-best country for expats, survey says
Saudi Arabia’s transformational journey has placed it as the second-best country in the world for expats, outperforming the US, the UK, and Belgium, a new survey reveals.
In the latest edition of the Expat Insider survey, the Kingdom…
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Global oil demand continues to slow amid EV boom and economic headwinds: IEA
World oil demand decelerated in the second quarter, with growth easing to 710,000 barrels per day year-on-year, driven by rising adoption of electric vehicles and economic headwinds, an analysis showed.
In its latest report, the…
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New UK government maintains goal of completing GCC FTA by the end of 2024
A free trade deal between the Gulf Cooperation Council and the UK remains on course to be completed by the end of 2024 despite the change of government in London, according to a senior official.
Secretary-General of the GCC Jasem Mohamed…
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Saudi heritage city Diriyah awards $2bn contract for mixed-use district
Saudi heritage city Diriyah has awarded its largest single contract to date for the development of a district featuring educational institutions, cultural venues, and a luxury hotel.
The SR7.8 billion ($2 billion) deal was agreed with a…
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Egypt annual inflation eases to 27.1%
A decrease in food prices contributed to Egypt’s annual consumer price inflation rate reaching 27.1 percent in June, slightly down from 27.4 percent in the previous month, according to data.
The latest report from Egypt’s Central Agency…
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Saudi Arabia’s civil aviation sector sees 17% surge in passenger numbers
Saudi Arabia’s civil aviation sector experienced a 17 percent annual surge to 62 million passengers in the first half of 2024, amidst increasing domestic and international travel demand.
According to official statements from the General…
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