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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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UK investors urged to enter Saudi sports market, projected to reach $22bn by 2030
UK investors have been encouraged to enter the Saudi sports sector, with an official telling a London event its market value is set to hit SR84 billion ($22.38 billion) by 2030.
During the UK-Saudi Sports Investment and Innovation Forum,…
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Japanese banking firm Mizuho applies to establish regional HQ in Riyadh
Global banking firm Mizuho Financial Group has begun the process of establishing its regional headquarters in Riyadh by submitting an application to the Kingdom’s Ministry of Investment.
The Tokyo-based company confirmed that it has…
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Egyptian fertilizer company turns to hydrogen amidist gas shortage
One of Egypt’s largest fertilizer companies said on June 27 it would partially switch to hydrogen supplies as the country struggles with a shortage of natural gas that has led to widespread blackouts.
Abu Qir Fertilizers — along with…
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Saudi Aramco tops world’s largest oil companies in proven reserves
Saudi Arabia’s energy giant Aramco has topped a list of the world’s largest oil companies in terms of proven reserves, boasting figures 15 times greater than its nearest competitor, according to newly calculated figures.
Statista, a…
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Saudi mining bodies among winners in 5th exploration licensing round
Six mining companies have been approved to explore various sites across Saudi Arabia, as the Kingdom pushes ahead with growing the sector.
The Ministry of Industry and Mineral Resources unveiled the successful bidders for its fifth Round…
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