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UAE’s abroad investments performing well despite economic headwinds: top official
The UAE has strengthened its position in the global economy, with its overseas investments proving resilient amid economic fluctuations, said a senior official.
Jamal Bin Saif Al-Jarwan, secretary-general of the UAE International…
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Abu Dhabi’s Mubadala hires banks for debut 10-year sukuk, document says
Abu Dhabi sovereign wealth fund Mubadala Investment Co. has picked banks for its debut 10-year sukuk, a document seen by Reuters on Monday showed.
Mubadala, through its unit Mamoura Diversified Global Holding, has appointed ADCB, First…
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Saudi Arabia selected to chair WTO Dispute Settlement Body
Saudi Arabia’s permanent representative to the World Trade Organization was selected to chair the entity’s Dispute Settlement Body for the year 2024-2025.
According to a release, Saqer Al-Moqbel was appointed unanimously by the WTO’s…
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Dammam port to see improved Asia connections with new GALEX shipping service
A new shipping service from Dammam to East Asia has been announced by the Saudi Ports Authority as the Kingdom’s logistics industry continues to grow.
The body, also known as Mawani, said the maritime offering from will connect the King…
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SDAIA empowers 600k young Saudis with global AI training initiatives
The Saudi Data and Artificial Intelligence Authority is playing a key role in raising AI awareness through training programs with global partners, benefiting half a million young nationals.
With a strong purpose and vision for the…
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Saudi Real Estate Fund boosts homeownership with $257m for Sakani program
Homeownership in Saudi Arabia is set to increase as the Real Estate Development Fund deposited SR963 million ($256.7 million) into the accounts of Sakani beneficiaries for March.
The funds were disbursed to beneficiaries through the…
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Calls for abandoning oil is ‘unrealistic,’ says OPEC chief
Calls for completely abandoning oil and fully relying on renewable energy have been deemed “wrong” and “unrealistic” by Haitham Al-Ghais, the secretary-general of the Organization of the Petroleum Exporting Countries.
“If oil…
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Kuwait’s trade surplus with Japan rises 53.4% in February
Kuwait’s trade surplus with Japan surged 53.4 percent year-on-year in February to $652 million, driven by energy products, as exports outpaced imports significantly.
According to the Kuwait News Agency, overall exports to Japan soared by…
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Saudi Arabia’s point-of-sale transactions grow 11% to reach $14.35bn in January
Point-of-sale payments in Saudi Arabia recorded an 11 percent annual increase in January to reach SR53.8 billion ($14.35 billion), the latest data issued by the Saudi Central Bank showed.
The surge in POS payments reflects the Kingdom’s…
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China plans new rules on market access, says Premier Li
China will carefully study issues of market access and cross-border data flows and will soon issue new regulations in these areas, Premier Li Qiang told an audience of global CEOs and Chinese policymakers on Sunday.
“We cordially welcome…
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