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Saudi minister seeks US expertise to boost Kingdom’s municipal, housing sectors
Saudi Arabia is aiming to leverage US expertise to boost efficiency in its municipal and housing sectors after a government official met with American firms.
During his visit to the US, Saudi Minister of Municipalities and Housing Majid…
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Saudi POS hits $3.6bn as education spending surges with academic year start
Saudi Arabia’s point-of-sale transactions climbed to SR13.5 billion ($3.61 billion) between Aug. 11 and 17, reflecting a 3.6 percent increase from the previous week, official data showed.
According to the latest figures from the Saudi…
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Brands For Less partners sells 35% stake to US retail giant the TJX Cos.
UAE-based fashion, homeware, and toys retailer Brands For Less, has agreed to sell a 35 percent stake to the TJX Cos. in a deal that values the business at $1.2 billion.
BFL will use the partnership to receive valuable guidance from the…
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Najran factories export to over 25 countries, boosting Saudi industrial growth
Factories in Saudi Arabia’s southwestern Najran region have achieved a remarkable milestone by exporting industrial and mineral products to over 25 countries.
This advancement highlights the region’s growing industrial capabilities and…
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Mada card transactions surge 13% to reach $4.04bn in June
Saudi Arabia’s e-commerce sales via Mada cards saw an annual rise of 13 percent in June to reach SR15.14 billion ($4.04 billion).
Data from the Saudi Central Bank, also known as SAMA, indicates that this included online shopping, in-app…
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Saudi Arabia’s PIF explores acquisition of Boeing, Airbus freighters for new cargo airline:…
Saudi Arabia’s Public Investment Fund is in discussions to acquire Boeing and Airbus freighters as part of a plan to establish a new cargo airline, according to Bloomberg.
The move comes in response to growing demand for precision…
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Saudi Arabia’s refined crude exports up 12% to 1.37m bpd: JODI data
Saudi Arabia’s refinery crude exports increased by 12 percent in June compared to the previous month, reaching 1.37 million barrels per day, according to new data.
Figures released by the Joint Organizations Data Initiative show that…
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Turkiye transfers treasury-held shares of 12 companies to wealth fund
Turkiye has transferred the shares of 12 companies held by its treasury, including three listed ones, to the Turkiye Wealth Fund, according to a presidential decree published in the country’s Official Gazette on Tuesday.
Stock…
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Oman public revenue declines by 2% as inflation remains moderate
Oman’s public revenue saw an annual decline of 2 percent in the second quarter of 2024, reaching $16.10 billion, according to the country’s news agency.
This reduction, primarily driven by decreases in net gas revenue and current…
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Saudi Arabia’s Tadawul targets Asian investors to boost liquidity, market expansion: Bloomberg
The Saudi Stock Exchange is intensifying its focus on attracting Asian investors to enhance liquidity and activity in the region’s largest market, Bloomberg reported.
Foreign ownership in Saudi capital markets has surged over the past…
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