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Saudi Arabia’s Qiddiya to build region’s largest water theme park
Saudi Arabia Qiddiya Investment Co. will construct the region’s largest water theme park as a cornerstone of its Six Flags Qiddiya City venture it was announced on Monday.
To be named Aquarabia, Qiddiya hopes to draw visitors from around…
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Saudi Arabia ascends as key destination for global talent: BCG report
Saudi Arabia has emerged as a key player in attracting global talent amid ongoing geopolitical shifts and financial uncertainty, moving up two spots on the list of preferred countries for workforce mobility.
The “Decoding Global Talent…
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Saudi Arabia and Egypt retain top spots in MENA travel preferences: Wego study
Saudi Arabia and Egypt remain dominant destinations among Middle East and North Africa travelers in 2024, retaining top spots in international preferences, according to a study.
Singapore-based travel booking app Wego ranked Egypt as the…
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Saudi Aramco raises June’s Arab light crude price to Asia
Saudi Aramco raised June’s official selling price for the flagship Arab light crude it sells to Asia, according to an official statement.
Differentials for the flagship Arab Light grade were priced at Platts Dubai/DME Oman +$2.90 per…
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Saudi banks and capital market poised to drive Vision 2030 objectives: S&P Global
Saudi banks and the capital market are poised to make substantial contributions alongside the Public Investment Fund in achieving the objectives of Vision 2030, stated a report by S&P Global.
The latest analysis by the global rating…
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Saudi Arabia’s non-oil sector maintains growth with steady PMI of 57 in April
Saudi Arabia’s non-oil private sector continued its growth momentum in April, driven by strong demand conditions across domestic markets, as indicated by an economic tracker.
The Kingdom’s Purchasing Managers’ Index in April remained…
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UAE’s Mubadala Capital plans $13.5bn investment in Brazil’s biofuel sector
Brazil’s biofuel market is set for substantial growth as UAE’s Mubadala Capital has committed to invest $13.5 billion over the next decade.
Oscar Fahlgren, head of Brazil strategy at the sovereign wealth fund, disclosed the budget for…
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Eastern Province showcases environmental opportunities during investment forum
Investors eyeing environmental opportunities in Saudi Arabia’s Eastern Province stand to benefit from a forum held on May 5, amidst efforts to preserve natural resources.
Organized by the Eastern Chamber under the theme “Restoration and…
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Saudi Rasan to offer 30% shares for IPO on Tadawul
Saudi-based fintech Rasan Information Technology Co. is set to offer 22.74 million shares for an initial public offering on the Kingdom’s main market.
The company, along with its subsidiaries, will list the shares, which represent 30…
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Saudi bank loans increase by 11% in March to hit $712bn, fueled by real estate activities
Saudi banks’ loans totaled SR2.67 trillion ($711.5 billion) in March, marking an 11 percent increase as compared to the same month in 2023, according to the latest official data.
Figures released by the Saudi Central Bank, also known as…
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