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Saudi Arabia leads GCC IPO market with 594% surge in proceeds: Markaz
Saudi Arabia led the Gulf Cooperation Council initial public offering market with an annual 594 percent surge in the first quarter of 2024, according to Kuwait Financial Centre.
A report issued by the organization, commonly known as…
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IFC investments in Egypt near $9bn, says minister
Egypt is emerging as a pivotal player for the International Finance Corp., with investments nearing $9 billion, announced a top minister.
Inaugurating the “IFC Day in Egypt” event, Minister of International Cooperation Rania Al-Mashat…
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Middle Eastern airports embrace sustainability and tech amidst rising passenger expectations
Middle Eastern airports are prioritizing sustainability, eco-friendly infrastructure and renewable energy to combat climate challenges, a recent study showed.
In its latest report, Bain & Co., a management consulting firm, also…
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Oil Updates – prices steady as investors eye US inflation, OPEC report
Oil prices were little changed on Tuesday as investors eyed fresh drivers, including upcoming US inflation indicators and a monthly report from the Organization of the Petroleum Exporting Countries this week, according to Reuters.
Brent…
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Saudi benchmark index closes in green with $1.8bn trade volume
Saudi Arabia’s Tadawul All Share Index wrapped up Monday’s trading session at 12,259.60 points, witnessing an increase of 42.55 points, or 0.35 percent.
Nomu, the parallel market, ended the day at 26,859.37 points, shedding 336.56 points…
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Arab Summit preparing for key economic, social challenges
Critical economic and social challenges facing the Middle East took center stage during the preparatory meeting for the 33rd Arab Summit held in Bahrain’s capital, Manama.
The session, which took place on May 12, tackled issues that will…
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Expat remittances from Saudi Arabia hit $3.2bn in March
Remittances by expatriates in Saudi Arabia grew 28 percent in March as compared to the preceding month to reach SR11.96 billion ($3.2 billion), the highest since 2022, official data showed.
The launching of new development projects in…
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Saudi delegation visits London to boost digital economy ties with UK
The digital economy ties between Saudi Arabia and the UK are poised to advance following the official visit of the Kingdom’s delegation to London.
The Governor of the Digital Government Authority, Ahmed Al-Suwaiyan, engaged with leaders…
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Saudi Arabia’s date sector sees 13.7% export growth in Q1, 2024
Saudi Arabia’s palm and dates sector is experiencing significant growth, with exports increasing by 13.7 percent in the first quarter of 2024 compared to the same period last year.
This food division is regarded as a significant…
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Egypt aims to attract Apple, pushing to solidify position as manufacturing hub
Egypt is making strides to become a manufacturing hub, with four of the top five mobile phone manufacturers — Samsung, Vivo, Oppo, and Xiaomi — agreeing to establish factories in the country.
Prime Minister Mostafa Madbouly emphasized…
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