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Saudi Arabia showcases locally assembled Hawk T-165 jet aircraft
Saudi Arabia showcased the Hawk T-165 jet at the World Defense Show, highlighting its assembly and manufacturing capabilities with contributions from 25 local companies producing 3,114 parts.
The unveiling of the trainer aircraft…
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Saudi Arabia signs deal with Leonardo to boost aerospace sector
Saudi Arabia’s aerospace sector is set to get a boost as the Kingdom’s Ministry of Investment has signed a deal with Italy-based Leonardo.
The memorandum of understanding was signed on the sidelines of the World Defense Show in Riyadh on…
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AD Ports Group, Karachi Port Trust extend collaboration with 25-year concession deal
Pakistan’s maritime industry is set for expansion with AD Ports Group signing a deal to boost bulk and general cargo operations at Karachi Port Trust’s East Wharf.
The 25-year concession agreement with Pakistan’s federal government…
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SNB Capital Co., Al-Shegrey Investment Group launch $266m real estate fund
Al-Basateen district in Saudi Arabia’s Diriyah governorate is on track to receive a boost thanks to the launch of a SR1 billion ($266 million) real estate fund.
Saudi asset manager SNB Capital Co., in partnership with Al-Shegrey…
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Solutions by stc completes $79m acquisition of Devoteam Middle East
Saudi Arabia’s digital reach extends globally, with the Arabian Internet and Communications Services Co. acquiring a 40 percent stake in Devoteam Middle East.
The investment, totaling SR296.69 million ($79.1 million), solidifies the…
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CheckRewards expands cash-back services
Saudi Arabia is establishing itself as a regional business hub, drawing startups from various sectors and enhancing its commercial stature.
The Kingdom’s development has captivated technology entrepreneurs, aiming to streamline the…
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Aramco-backed S-Oil says refining margins forecast to stay above average in 2024
South Korea’s S-Oil, whose main shareholder is Saudi Aramco, forecast on Friday that 2024 refining margins will maintain at an above-average level helped by steady demand growth and low inventories, accord to Reuters.
Over the…
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Saudi Ministry of Finance launches first savings product intended for individuals
Residents of Saudi Arabia will be able to increase their savings rates with the announcement of a new product by the Ministry of Finance.
Launched in collaboration with the National Debt Management Center, the “Sah” program is the first…
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Saudi crown prince launches ‘Alat’ to help turn Kingdom into electronics, advanced industries hub
Saudi Crown Prince Mohammed bin Salman announced on Thursday the launch of a Public Investment Fund company called “Alat.”
The company will contribute to the aim of making Saudi Arabia a global hub for sustainable technology…
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Saudi banks’ credit up by 10% to reach $690bn in 2023
Increased credit to corporate activities propelled a 10 percent annual surge in loans for Saudi banks in 2023, reaching SR2.58 trillion ($690 billion), the latest data showed.
According to the Saudi Central Bank’s latest monthly…
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