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GCC prioritizes economic diversification for sustainable growth, says official
The Gulf Cooperation Council aims to reduce reliance on oil revenues by implementing a comprehensive vision for economic diversification, as emphasized by its Secretary-General, Jasem Al-Budaiwi.
During the Gulf Creatives Conference,…
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Fitch affirms Jordan’s BB- rating with stable outlook
Jordan’s macroeconomic stability has led to Fitch Ratings affirming its long-term foreign currency issuer default ratings at BB- with a stable outlook.
This confirmation highlights the country’s progress in fiscal and economic reforms,…
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The rise of the Saudi perfume market
Saudi Arabia, with its rich cultural heritage and burgeoning economy, presents a complex study of contrasts and traditions, particularly in its luxury perfume market.
This sector, deeply ingrained in Saudi society, mirrors the Kingdom’s…
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AlUla’s rise drives economic growth and job creation
Increasing visitor numbers to the cultural and tourism hub of AlUla is already delivering a boost to Saudi Arabia’s economy in line with Vision 2030 ambitions, experts have told Arab News.
Situated in the northwest of Saudi Arabia and…
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Saudi Arabia to reveal roadmap to turn aviation sector into $2bn industry
An ambitious roadmap setting out how Saudi Arabia will grow its aviation sector tenfold into a $2 billion industry will be unveiled at a special event in May.
The plans cover the business jet segment, including charter, private, and…
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Saudi Arabia’s Q1 budget deficit aligns with expectations; non-oil revenues rise by 9%
Saudi Arabia recorded a budget deficit of SR12.4 billion ($3.3 billion) in the first quarter of 2024, comprising 16 percent of the annual deficit forecast set by the Ministry of Finance at the end of the previous year.
This suggests that…
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Hong Kong and Saudi Arabia expand ETF collaboration as economic ties strengthen
Hong Kong is in the process of developing an exchange-traded fund in collaboration with Saudi Arabia, which will track the former’s local stock indices, said a senior official.
During his address at the Capital Market Forum in Hong Kong,…
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Robust IPO pipeline and market initiatives propel Saudi Exchange’s global appeal: CEO
An array of robust and diverse initial public offerings are poised for the Saudi Exchange thanks to new initiatives aimed at attracting international investors, the bourse’s CEO has revealed.
Addressing a panel discussion themed…
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Egypt’s headline inflation slowed to 32.5% in April
Egypt’s annual urban consumer price inflation rate decreased to 32.5 percent in April from 33.3 percent in March, slowing slightly more than analysts had expected, data from the country’s statistics agency CAPMAS showed on Thursday.…
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China’s exports and imports return to growth
China’s exports and imports returned to growth in April after contracting in the previous month, signaling an encouraging improvement in demand at home and overseas.
The data suggests a flurry of policy support measures over the past…
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