Economy

Saudi Arabia and Poland have established a joint business council for the 2024-2028 term to boost trade and investment between the two countries. The Kingdom’s General Authority for Foreign Trade has finalized the formation of the…
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Qatar’s foreign merchandise trade balance recorded a surplus of 20.1 billion Qatari riyals ($5.52 billion) in July, up 2.5 percent year-on-year, according to new figures. The foreign merchandise trade balance represents the difference…
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Oman’s trade exchange with European nations witnessed a notable rise by the end of May, reaching 878 million Omani rials ($2.28 billion). This marks a 9.5 percent increase from the 802 million rials recorded during the same period last…
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Saudi Arabia’s hydrogen economy is poised for growth as one of the country's leading universities partners with NEOM to advance economic development and strengthen the Kingdom's position as a leader in sustainable energy. King Abdullah…
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Oman’s public revenue saw an annual decline of 2 percent in the second quarter of 2024, reaching $16.10 billion, according to the country’s news agency. This reduction, primarily driven by decreases in net gas revenue and current…
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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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The Lebanese government is continuing its preparations for a possible expansion of the conflict between Hezbollah and Israel, as Air France on Thursday extended its suspension of flights between Paris and Beirut until at least Sunday “due…
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Technology firm Oracle Corp. has launched its second public cloud region in Riyadh as part of a $1.5 billion investment to enhance Saudi Arabia’s digital infrastructure. The Riyadh cloud region will provide both public and private sector…
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Egypt achieved a primary budget surplus of 6.1 percent in the fiscal year 2023/24, bolstered by a landmark sale of coastal land to the UAE, said the country’s finance minister. At a press conference, Ahmed Kouchouk disclosed that Egypt’s…
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Bahrain’s economy grew 3.3 percent year-on-year in the first quarter of 2024, according to a quarterly economic performance report by the Ministry of Finance, citing preliminary data from the Information & eGovernment Authority. The…
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