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King, crown prince top donations as Saudi nation collects one billion riyals in Ramadan charity…
King Salman and Crown Prince Mohammed bin Salman led donations as the Saudi nation collected a billion riyals for a national Ramadan charity campaign, organizers announced early on Saturday.
King Salman opened the campaign with SR40…
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Saudi Arabia in talks with Wall Street giants for Aramco share sale: Bloomberg
Saudi Arabia is reportedly in talks with central Wall Street banks for a significant share sale of Aramco, marking a substantial move in the stock market.
Last month, Bloomberg reported that Citigroup Inc., Goldman Sachs Group Inc., and…
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Saudi Food and Drug Authority explores investment prospects with US healthcare firms
Saudi Arabia’s food, drug, medical devices, and equipment sectors are on track to prosper amid meetings with US healthcare firms to explore investment opportunities between the two countries.
The Saudi Press Agency reported that the CEO…
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Saudi Arabia secures $13bn for tourism expansion, eyes $85bn revenue boost: minister
Saudi Arabia has secured $13 billion in private sector investments for its tourism industry, aiming to distribute the costs involved in becoming a top destination, a minister said.
According to Princess Haifa Al-Saud, the Kingdom’s vice…
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Saudi inflation holds steady at 1.8% in February: GASTAT
Saudi Arabia’s inflation stood at 1.8 percent in February, compared to 1.6 percent in the previous month, according to official data.
The General Authority for Statistics reported that the monthly consumer price index in February was…
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IEA raises 2024 oil demand forecast by 110,000 bpd
The settling down of post-pandemic turbulence and a cloudy economic outlook will rein in oil demand growth this year, the International Energy Agency said on Thursday, even as shipping disruptions provide a short-term boost.
“(Growth)…
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Omani authority injects $63.9m into 244 SMEs across different sectors
Oman’s small and medium enterprises received a funding boost, with the authority tasked with their development lending over 24.6 million Omani rials ($63.9 million) as of February.
The total number of projects financed by the country’s…
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Non-oil activity in Saudi Arabia now 50% of GDP
Non-oil economic activity in Saudi Arabia contributed 50 percent to the Kingdom’s gross domestic product in 2023, the highest level ever, the Ministry of Economy and Planning said on Thursday.
The total non-oil economy was worth $453…
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Saudi customs receives global acclaim for two-hour clearance service
Saudi customs has garnered global acclaim for implementing the two-hour clearance service at all the country’s ports.
In a detailed report, the World Customs Organization commended the Kingdom for its diligent execution of the reduced…
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Saudi Venture Capital invests $30m in Olive Rock Partners Fund I
Regional startup funding is set to see a significant boost as Saudi Venture Capital announced a $30 million investment in Olive Rock Partners Fund I.
The investment aligns with SVC’s strategy to develop and sustain financing for startups…
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