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Ports authority establishes new anchorage areas to boost King Fahd port’s efficiency
Saudi Arabia’s King Fahd Industrial Port in Yanbu will be modernized further as the ports authority has established new ship anchorage areas in the facility.
The newly established docking zones will help modernize several logistical…
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Global M&A market drops 15% in 2023 to $3.2tn
The global merger and acquisition market witnessed a 15 percent drop year-on-year to $3.2 trillion in 2023, marking its lowest level in a decade, according to recent findings.
Dealmakers grappled with several obstacles, including high…
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Saudi Aramco maintains MSC at 12m bpd in accordance with ministry directive
Saudi Aramco announced on Jan. 30 that it will maintain its maximum sustainable capacity at 12 million barrels per day, following the directive from the Ministry of Energy.
The oil giant has emphasized its commitment to this directive,…
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Saudi Arabia’s debt market reaches $202bn in Q4 2023
Saudi Arabia’s sukuk and bond issuances rose 2.8 percent year on year in value by the end of the final quarter of 2023, reaching about SR758.8 billion ($202.34 billion), data issued by the Saudi Exchange showed.
A recent Tadawul report…
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Saudi Arabia boosts sustainable partnership in pharmaceutical industry with 4 new agreements
Drug production in Saudi Arabia is poised for enhancement following the signing of four agreements aimed at fostering partnerships between the Kingdom’s public and private sectors.
The Local Content and Government Procurement Authority…
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Ma’aden subsidiary to supply high-quality aluminum panels to PIF-backed Lucid Motors
US electric carmaker Lucid Motors is set to secure a high-quality aluminum panel supply through an agreement signed with a subsidiary of the Saudi Arabian Mining Co.
Ma’aden Rolling Co. has signed a deal with Lucid Motors, majority-owned…
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QatarEnergy and Excelerate Energy ink deal to supply LNG to Bangladesh
The supply of liquefied natural gas in Bangladesh will increase following the signing of a deal between QatarEnergy and US-based Execelerate Energy.
The 15-year agreement will see Excelerate buy up to 1 million tonnes per annum of LNG…
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Qatar records over $5bn trade surplus despite export decrease
Qatar reported a positive foreign merchandise trade balance for December 2023, with a surplus of nearly 18.7 billion Qatari riyals ($5.13 billion).
Recent data from the Planning and Statistics Authority revealed that the overall surplus…
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KACST, ACWA Power to establish clean tech research facility
The King Abdulaziz City for Science and Technology and ACWA Power have signed a deal to establish a research center for clean energy and desalination technologies, the Saudi Press Agency reported on Sunday.
The Center for the Development…
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Bahrain hosts global assembly for sustainable digital growth
Global cooperation will be in focus as Bahrain hosts top officials from the member states of the Digital Cooperation Organization, addressing challenges in the sector for sustainable growth.
The 3rd General Assembly of the global…
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