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UAE plans to issue sukuk and bonds worth $1.36bn in Q1: top official
The UAE is planning to issue sukuk and bonds worth 5 billion dirhams ($1.36 billion) in the first quarter of this year, revealed a top official.
Talking to state news agency WAM on the sidelines of the 17th Asian Financial Forum in Hong…
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Saudi Arabia, Hong Kong financial bodies ink MoU at AFF
Saudi Arabia’s Financial Sector Development Program signed a memorandum of understanding with Hong Kong’s Financial Services Development Council on Wednesday at the 17th Asian Financial Forum.
The MoU aims to enhance cooperation and…
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Saudi real estate funds hit $45.3bn in Q3 of 2023
Real estate in Saudi Arabia now represents a third of all assets under management in the Kingdom, according to the Capital Market Authority’s chairman.
Speaking on the sidelines of the Real Estate Future Forum in Riyadh, Mohammed bin…
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Saudi Arabia’s building materials sector investment hits $89.5bn
Saudi Arabia’s building materials sector is experiencing a boom as investment volume in 2023 amounted to SR336 billion ($89.5 billion), up 0.9 percent from 2022.
The Ministry of Industry and Mineral Resource’s National Industrial and…
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Saudi Arabia debt issuance to see continued growth in 2024: Fitch
Saudi Arabia’s funding diversification plans and market development initiatives are bearing fruit, with the Kingdom’s debt capital market expected to witness continued growth in 2024.
According to Fitch, the Kingdom’s outstanding DCM is…
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Saudi Arabia jumps 25 places in World Bank’s national statistics indicator
Saudi Arabia’s economic data is demonstrating increased availability and maturity, with the nation advancing 25 places on the World Bank’s most recent Statistical Performance Indicators report.
The Kingdom ranked first in the Gulf region…
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Saudi forum to focus on enhancing customer experience across the economy
Customer experience will take center stage at an international industry event in Riyadh in a sign of the growing importance of Saudi Arabia’s services sector.
The Customer Experience World Forum will begin on Jan. 24 under the…
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Saudi debt crowdfunding platform Thara obtains license from SAMA
The Saudi Central Bank, also known as SAMA, has issued license to Thara, a debt crowdfunding platform, to operate in the Kingdom raising the total number of companies authorized in this domain to nine.
This new license brings the number…
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SABIC greenlights $6.4bn petrochemical complex in China
Saudi Basic Industries Corp. has given its go-ahead for a $6.4 billion investment to build a petrochemical complex in Fujian, solidifying its partnership with China.
To be developed in collaboration with Fujian Fuhua Gulei Petrochemical…
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Saudi Arabia’s crude exports hit 5-month high
Saudi Arabia’s crude exports hit a five-month high at 6.34 million barrels per day in November, according to data release by the Joint Organizations Data Initiative.
The Kingdom’s crude production showed a 1.36 percent decline, to reach…
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