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Saudi Arabia and Switzerland strengthen economic ties at 4th Financial Dialogue in Zurich
Saudi Arabia and Switzerland are poised to deepen cooperation in finance and economics as top officials convened for the 4th Saudi-Swiss Financial Dialogue in Zurich.
The event, inaugurated by Saudi Arabia’s Finance Minister Mohammed…
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Credit facilities for UAE’s business and industrial sectors exceed $206.2bn
The cumulative credit balance in the UAE’s business and industrial sectors rose to 757.4 billion dirhams ($206.2 billion) in the first quarter of the year, up from 741.8 billion dirhams at the end of 2023.
A release from the Central Bank…
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Half of Saudi Arabia’s World Defense Show 2026 floorspace already snapped up by exhibitors
International exhibitors have already secured half of the space at the World Defense Show set to be held in Riyadh in 2026, demonstrating strong early interest in the biennial event.
The defense and security exhibition, scheduled for Feb…
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Riyadh among top 5 MENA startup ecosystems, report states
Saudi Arabia’s capital Riyadh is among the top five startup ecosystems in the Middle East and North Africa region, according to new data.
The international policy advisory and research organization Startup Genome, in collaboration with…
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Egypt’s exports surge 9.8% to $16.55bn amid global trade expansion
Egypt’s merchandise exports soared by 9.8 percent year-on-year in the first five months of 2024 to reach $16.55 billion, according to a top official.
Exports increased every month over the period, underscoring the north African country’s…
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Saudi Arabia set to welcome 300 millionaires in 2024: Henley & Partners
As many as 300 millionaires will flock to Saudi Arabia in 2024 as the Kingdom continues to attract high-net-worth individuals, according to a study.
In its latest report, Henley & Partners said that Saudi Arabia’s capital Riyadh as…
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‘Central Bank Digital Currencies’ can boost Middle East’s financial inclusion: IMF
Digital currencies are gaining traction in the Middle East and Central Asia, with countries increasingly considering central bank-issued options to enhance financial inclusion, an analysis said.
In a blog, the International Monetary Fund…
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Saudi Arabia advances preparations for Riyadh Expo as it gives progress report in Paris
Saudi Arabia’s Expo 2030 will be “by the world, for the world,” the team behind the event have said during the first progress report since Riyadh was elected as host city.
Speaking at the 174th General Assembly of the Bureau…
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King Abdulaziz Port boosts infrastructure with new cranes, enhancing global maritime hub status
Saudi Arabia’s King Abdulaziz Port’s crane capacity has been boosted by 9.7 percent as part of an SR7 billion ($1.86 billion) investment deal.
The facility, operated by Saudi Global Ports Co., has received three automated quay and three…
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Industries must halve emissions, make massive investments for net-zero by 2050: Oliver Wyman
Global industries must halve emissions by the end of this decade to reach 2050 net-zero targets, according to a new analysis urging for increased clean energy infrastructure spending.
In its latest report, compiled in association with…
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