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Saudi EXIM Bank secures $10m credit line with Mauritania to boost non-oil exports
A $10 million credit line agreement was signed between Saudi EXIM Bank and Mauritania Investment Bank aims to enhance the Kingdom’s non-oil exports to the African nation and strengthen bilateral trade relations.
The deal, signed at EXIM…
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Saudi Industry Ministry boosts non-profit sector with new services
Saudi Arabia has enhanced the role of the non-profit sector in its industrial and mining fields by introducing new electronic services and a detailed operational plan for 2024.
The Ministry of Industry and Mineral Resources unveiled the…
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OPEC cuts oil demand growth forecast, highlighting dilemma over Oct. hike
OPEC on Monday cut its forecast for global oil demand growth in 2024 citing softer expectations for China, a reduction that highlights the dilemma faced by the wider OPEC+ group in raising production from October.
This is the first cut…
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Saudi Arabia’s Dammam Port set to boost Far East connectivity with MSC’s new service
Saudi Arabia’s King Abdulaziz Port in the Eastern Province is set to strengthen its ties with the Far East following the introduction of the Mediterranean Shipping Co.’s new service.
The General Authority for Ports, known as Mawani,…
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Oman’s real estate trading exceeds $3.66bn in first half of 2024
Oman’s real estate sector saw a total trading value of 1.40 billion Omani rials ($3.63 billion) in the first half of the year, marking a 0.5 percent increase from the same period in 2023.
The data, released by the National Center for…
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Egypt and Japan eye enhanced economic cooperation on 70th anniversary of ties
Egypt and Japan are poised to bolster their economic relations following a virtual meeting between key officials from both countries.
Rania Al-Mashat, Egypt’s minister of planning, economic development and international cooperation, held…
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Riyadh Air grants $400m ground handling contract for King Khalid International Airport
Saudi Arabia’s Riyadh Air, a subsidiary of the Public Investment Fund, has awarded a SR1.5 billion ($400 million) contract for ground handling services.
The announcement, made via the Saudi Stock Exchange, revealed that Saudi Ground…
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Saudi Aramco commits $100m to KAUST for R&D in energy transition, sustainability
Saudi energy giant Aramco has announced a $100 million commitment to fund research and development at King Abdullah University of Science and Technology over the next decade.
The collaboration aims to accelerate innovation in Saudi…
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Saudi Arabia launches digital platform to boost entertainment sector growth
Key entertainment services, including licenses for facilities, talent management, and crowd management certifications, can now be accessed on Saudi Arabia’s new digital platform.
Launched by the General Entertainment Authority, the…
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Saudi Arabia unveils updated investment law to facilitate foreign investors
Saudi Arabia has announced a significant overhaul of its investment law as part of its Vision 2030 reform strategy, aiming to strengthen its appeal to international investors.
The revised legislation integrates existing investor rights…
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