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Moody’s upgrades Qatar to Aa2, changes the outlook to stable
Marked improvements in Qatar’s fiscal metrics, coupled with a reduction in infrastructure spending, have prompted Moody’s Investors Service to upgrade the nation’s debt rating from “Aa3” to “Aa2.”
This upgrade is further fueled by a…
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SABIC brand value grows 3.7% reaching $4.89bn
Saudi Basic Industries Corp. has achieved 3.7 percent brand value growth, reaching $4.89 billion in 2024, securing second place in the chemicals industry ranking for the second consecutive year.
SABIC credited its success to working…
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Deals worth over $7.68m signed at Arab League Forum in Tunis
Deals worth over $7.68 million were signed among 31 entities from 17 Arab countries at the Arab League Forum for Business and Partnerships held in Tunisia.
The debut event of the Arab League Educational, Cultural and Scientific…
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PIF completes pricing of bond offering worth $5bn
Saudi Arabia’s Public Investment Fund has completed the pricing of a bond offering worth $5 billion.
The offering was more than five times oversubscribed, with order books reaching $27 billion, it announced in a statement.
It…
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UK fintech delegation to visit Saudi Arabia amid ‘exciting’ sector developments
A 30 strong delegation of UK fintech companies and investors is heading to Saudi Arabia to capitalize on the Kingdom’s financial services reforms.
The mission, organized by the Saudi British Joint Business Council, will cover a three-day…
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Over 50 deals worth $26.6bn sealed during Real Estate Future Forum
Saudi Arabia’s property sector is set to boom as over 50 deals worth around SR100 billion ($26.6 billion) were sealed during the Real Estate Future Forum.
The recently concluded event, held under the theme “The Power of Resilience:…
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Singaporean fintech Ryalize sets its sights on Saudi Arabia
The fintech sector in Saudi Arabia is increasingly drawing international attention, fueled by the nation’s strategic vision to emerge as a regional leader in this domain.
In line with its national ambition, Saudi Arabia aims to become a…
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New Egypt-Jordan submarine cable to power AI and data centers demands
Artificial intelligence applications and data center demands are poised for a boost, thanks to a new submarine cable connecting Egypt and Jordan.
In the first collaboration of this kind in 25 years, the Coral Bridge submarine cable will…
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AD Ports Group to implement new digital system in Jordan’s Aqaba city
Jordan’s port city of Aqaba is set to experience increased efficiency with the signing of an agreement between Abu Dhabi-based AD Ports Group and Aqaba Development Corp.
The agreement was signed by the Emirati port group’s digital arm,…
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US carmaker Lucid Group to boost manufacturing capabilities
Saudi-backed carmaker Lucid Group is on track to bolster its manufacturing capabilities thanks to a new expansion of its US Advanced Manufacturing Plant, known as AMP-1.
This development will help propel the building capacity ahead of…
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