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WEF warns of political risk, says global economy is brightening
The World Economic Forum said on Wednesday that the global economy is poised to improve or remain stable this year, but it also warned of potential dangers stemming from geopolitical and domestic tensions.
“The latest Chief Economists…
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Egypt-China trade drops to $13.9bn in 2023: official data
Trade exchange between Egypt and China dropped to $13.9 billion in 2023, compared to $16.6 billion the year before, according to official data.
Egypt’s Central Agency for Public Mobilization and Statistics stated that value of the…
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Saudi Arabia and Austria sign MoU for economic cooperation
Saudi Arabia’s economy ministry and its Austrian counterpart signed a memorandum of understanding to boost economic cooperation between the two nations.
The Saudi Ministry of Economy and Planning Austria’s Ministry of Labor and Economy…
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Saudi minister discusses logistics cooperation on visit to Port of Rotterdam
Saudi Arabia’s Minister of Industry and Mineral Resources, Bandar Ibrahim Alkhorayef, paid a visit to the Port of Rotterdam, where he discussed with the port authority ways to enhance cooperation in logistics services.
Opportunities…
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PIF’s SRC extends refinancing agreement with ANB with additional $133m
Citizens will have easier access to home loans as the Saudi Real Estate Refinance Co. extends its refinancing agreement with Arab National Bank (ANB), adding SR500 million ($133 million).
This is the second deal of its kind between the…
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GCC healthcare sector to reach $135bn by 2027: JLL
The value of the healthcare sector in the Gulf Cooperation region is projected to reach $135 billion by 2027 driven by rising investor confidence, an analysis showed.
In its latest report, real estate and investment management firm JLL…
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Egypt sees 30.2% surge in foreigners acquiring work licenses in 2023
Egypt’s private and investment sector experienced an annual increase of 30.2 percent in the number of foreigners acquiring work licenses in 2023.
Data from the Central Agency for Public Mobilization and Statistics revealed a significant…
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Xi calls for more jobs for youth, migrant workers
China’s President Xi Jinping called on Monday for efforts to promote high-quality and sufficient jobs for college graduates and migrant workers, while presiding over a Politburo group study session, state media Xinhua reported on Tuesday.…
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PIF’s Halal Products Development Co. invests in Singapore-based cosmetics firm
In a bid to localize the Kingdom’s cosmetics and personal care industry, the Halal Products Development Co. announced an investment in a Singapore-based fast-moving consumer goods conglomerate.
The Public Investment Fund-owned company…
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TVM Capital Healthcare launches $250m fund for Saudi medical firms
Saudi medical companies stand to benefit as private equity firm TVM Capital Healthcare unveils its second pool of funding valued at $250 million for the Middle East.
Since 2009, the international growth capital investment fund has…
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