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Saudi housing program Sakani benefits over 32,000 families in Q1
As many as 32,343 Saudi families benefitted from Sakani’s housing options during the first quarter of 2024, marking an annual 15 percent increase.
In collaboration with the Real Estate Development Fund and financial institutions, the…
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Qatar inflation dips 1.4% in March: official data
A fall in food and beverage prices helped drive Qatar’s inflation down 1.4 percent in March as compared to the previous month, official data showed.
According to a report released by the country’s Planning and Statistics Authority, the…
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Budget Saudi Arabia to buy 70% stake in UAE freight firm Overseas Development
Saudi car rental firm United International Transportation Co. is set to acquire a 70 percent stake in the UAE’s freight forwarder Overseas Development through a recent deal.
The company, also known as Budget Saudi Arabia, said in a…
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Egypt’s economic reforms yielding positive results: finance minister
Egypt’s new economic path, focused on structural reforms empowering the private sector to lead growth and attracting investment, has begun to yield positive results, said the country’s finance minister.
Mohamed Maait highlighted that…
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Diriyah Square details to be unveiled at World Retail Congress
Plans for a lifestyle hub in Diriyah boasting more than 400 shops and over 100 restaurants and cafes will be unveiled at the World Retail Congress in Paris.
Details around the development will be on show at the event, set to be held from…
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Oil Updates – crude rebounds on Middle East tensions but set for weekly loss
Oil prices rose on Friday as heightened tensions in the Middle East raised the risk of supply disruptions from the oil-producing region, though prices are set for weekly losses amid expectations of fewer US interest rate cuts this year,…
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Saudi banks’ foreign assets surge by 22%, reflecting robust international investments
The foreign assets of Saudi Arabia’s commercial banks surged by 22 percent in February, reaching a total of SR347.63 billion ($92.7 billion), compared to the same month of the previous year.
This notable increase, as reported by recent…
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Saudi Arabia to host Future Aviation Forum, aiming for regional logistics leadership
More than 5,000 global aviation industry experts, international airline leaders, and airport executives will convene in Riyadh from May 20 to 22 for a dedicated event focused on the challenges facing the industry.
According to the Saudi…
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OPEC sees robust summer oil demand, economic upside potential
The Organization of the Petroleum Exporting Countries on Thursday predicted robust fuel use in the summer months and stuck to its forecast for relatively strong growth in global oil demand in 2024, while saying there was a chance the world…
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Saudi bank loans increase by 11% to reach $706bn, fueled by real estate activities
Saudi banks extended loans totaling SR2.65 trillion ($706.3 billion) in February, marking an 11 percent rise from the same month in 2023, according to the latest official data.
Figures released by the Kingdom’s central bank, also known…
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