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Saudi Arabia adopts moving chain methodology to calculate real GDP
Saudi Arabia has become the first country in the Gulf Cooperation Council region to have adopted the moving chain methodology for the calculation of its real domestic product, the state-run news agency reported.
The report said the…
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Egypt expects primary budget surplus of no less than 3.5% next year
Egypt expects a primary surplus of no less than 3.5 percent in the fiscal year beginning on July 1, Finance Minister Mohamed Maait told a news conference on Sunday.
Egypt was aiming to keep its debt ratio at under 90 percent of gross…
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Aramex strengthens Saudi presence with new regional HQ in Riyadh
Emirati logistics firm Aramex has joined the ranks of international companies setting up regional headquarters in Riyadh.
Amid the Kingdom’s rising status as a global business hub, the firm announced the inauguration of its office in the…
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Saudi Aramco launches first marine fuel station for vessels in Saudi Arabia
Saudi Aramco launched Aramco Marina on Saturday — the first station in the Kingdom to supply fuel to yachts and boats in the Kingdom — at the Jeddah Yacht Club on the Red Sea coast.
The announcement coincided with the hosting of…
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Diversification strategies paying off for GCC economies
Transport, tourism and logistics are set to help the Gulf Cooperation Council region secure gross domestic product growth far above the lobal average, economists have told Arab News.
Experts believe that a focus on non-oil trade by GCC…
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Saudi startup ecosystem takes a giant LEAP
Saudi Arabia’s entrepreneurship scene witnessed a transformative surge in investment activity at LEAP 2024 – the Kingdom’s highly-attended startup and technology event.
Several new venture capital funds are set to launch, it was…
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Saudi National Transformation Program setting pace for Vision 2030
Saudi Arabia’s ambitious National Transformation Program, which sought to develop the necessary infrastructure for the realization of the Kingdom’s Vision 2030 goals, has soared past its initial targets and created tangible growth for the…
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Brazil’s LIDE, UAE International Investors Council sign MoU
The LIDE business group, leading a Brazilian private sector delegation, has signed a memorandum of understanding with the UAE International Investors Council to combine efforts to boost investments in both countries.
LIDE UAE President…
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Major deals signed at record-breaking trade show by Saudi Tourism Authority
An additional 350,000 tourists are expected to visit Saudi Arabia after the Kingdom’s tourism authority entered into a partnership with global bookings firm Trip.com.
The deal was one of 14 signed by the organization at a trade show in…
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Egyptian pound stable after devaluation, IMF deal
Egypt’s currency was stable at around 49.5 pounds to the dollar as the market opened on Thursday, a day after the central bank let the currency plunge and pledged to shift to a more flexible exchange rate system as the country secured an…
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