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Riyadh climbs to 25th in IMD Smart City Index, Al-Khobar joins the ranks
Saudi Arabia’s capital has been placed 25th in the International Institute for Management Development Smart City Index this year, up five spots since 2023.
The assessment, which evaluates various structures and technologies in the city,…
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Saudi Arabia make up a third of Forbes Middle East’s 30 Most Valuable Banks
Saudi Arabia is home to a third of Forbes Middle East’s “30 Most Valuable Banks,” with a 25 percent annual rise in the Kingdom’s entities’ accumulative market value.
The 10 Saudi entries on the list — the same number as in the 2023…
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Fitch downgrades China’s outlook to negative on economic growth risks
China’s long-term foreign currency issuer default rating has been revised to negative from stable by Fitch Ratings, citing increased uncertainty regarding its economic growth.
In its latest commentary, the US-based credit rating agency…
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Qataris favor villas as top residential choice, official data reveals
Residential building permits in Qatar surged in March, reaching 257 licenses, up from 193 the previous month, according to official data.
Analyzing the report, Qatar’s Planning and Statistics Authority identified villas as the prevailing…
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Saudi Arabia’s industrial production index rises 1%: GASTAT
Saudi Arabia’s Industrial Production Index edged up 1 percent in February, compared to the previous month, driven by a rise in manufacturing activities.
According to the General Authority for Statistics, the Kingdom’s sub-index of…
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Saudi main index sees growth rate of 17%: official data
Saudi Arabia’s Tadawul All Share Index posted an annual gain of 1,811.46 points, or 17.11 percent, to reach 12,401.56 at the end of the first quarter of 2024, official data showed.
According to the report released by Saudi Exchange, the…
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Bahrain’s economy shows resilience with 2.4% growth, official data shows
Bahrain’s economy registered an annual increase of 2.4 percent in 2023 to hit 13.66 billion dinars ($36.24 billion), driven by financial project expansions, official data showed.
According to figures from the Information and eGovernment…
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Saudi ports record 13% growth in container handling: Mawani
Ports in Saudi Arabia recorded a 12.48 percent increase in the number of received containers in March compared to the same period last year, official data showed.
The Saudi Ports Authority, also known as Mawani, disclosed that terminals…
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UAE-Saudi Arabia flights surge 13% thanks to Ramadan-related travel
Air transport from the UAE to Saudi Arabia surged 13 percent in March compared to the previous month, driven by rising demand due to Ramadan.
According to the UAE’s General Civil Aviation Authority, weekly flights from the UAE to the…
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Qatar’s international reserves up 5.2% to reach $68bn, central bank reveals
Qatar’s international reserves increased by 5.2 percent annually to 247.4 billion Qatari riyals ($67.94 billion) in March, despite a decrease in balances held in foreign banks.
Official reserves of the Qatar Central Bank were 11.34…
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