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Jordan Investment Ministry receives Singaporean business delegation
The Jordanian Ministry of Investment on Sunday hosted a meeting between Singaporean business leaders and representatives from Jordan’s government and private sector.
The meeting followed Crown Prince Hussein bin Abdullah’s visit to…
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Saudi Aramco finalizes deal for phase 2 of Jafurah gas field scheme
Saudi Aramco has finalized agreements for the second phase of its Jafurah gas field development and the third stage of the expansion of its master gas system, awarding contracts exceeding $25 billion.
The company has granted 16…
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Saudi Arabia sees 5.6% rise in FDI in Q1 2024
Saudi Arabia saw a 5.6 percent increase in net flow of foreign direct investment in the first quarter of 2024 compared to the previous year, the official data showed.
According to the latest figures from the General Authority for…
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Egypt inks $33bn green ammonia deals with European developers amidst economic drive
Egypt’s sovereign fund has signed four agreements worth $33 billion in the field of green ammonia with European developers, a cabinet statement said on Sunday.
Prime Minister Mostafa Madbouly observed the signing of these agreements…
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IsDB approves $369m for development projects in Turkiye, Turkmenistan, and Suriname
New development projects in Turkiye, Turkmenistan and Suriname will receive a significant boost with a $368.98 million financing package sanctioned by the Islamic Development Bank.
The financing includes $165 million to enhance…
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New shipping service connects Jeddah Islamic Port to 4 cities in China, 1 in Egypt
A new shipping service is set to link Jeddah Islamic Port to four cities in China and one in Egypt, enhancing the Kingdom’s connectivity with global markets.
The Saudi Ports Authority, also known as Mawani, announced the addition of the…
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UAE developers embrace sustainability to boost property values
UAE developers can leverage sustainability to add value to their properties, as new data shows that 70 percent of investors are willing to pay premiums for green facilities.
According to real estate firm Property Finder’s latest paper,…
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GCC banks excel beyond global counterparts, poised for exceptional years ahead: report
A robust oil and gas sector, high interest margins, and fintech innovation will help drive banking sector growth across the Gulf Cooperation Council region in 2024 and beyond, according to a new report.
Analysis by global management…
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Saudi Arabia in good position for sustained economic development, minister tells OPEC Fund
Saudi Arabia’s accumulated savings, rich natural resource base, and state capabilities put it in a good position to pursue sustained economic development, according to the finance minister.
During the OPEC Fund Development Forum and…
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MENA sukuk market surges 48% to $6.2bn: Bloomberg data
Sukuk issuance across the Middle East and North Africa surged 48 percent to $6.2 billion in the first half of 2024, driven by green and social projects, a new analysis showed.
Growth in the Islamic bonds sector has been primarily driven…
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