Economy

Saudi Arabia’s non-oil economy exhibited improved growth, with business activity accelerating at the fastest rate in five months, as indicated by an economic tracker. The Kingdom’s Purchasing Managers’ Index rose to 57.2 in February,…
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Saudi Arabia announced on Sunday it would extend oil supply cuts through June as part of a bid to prop up prices. An Energy Ministry source announced Riyadh “will extend its voluntary cut of 1 million barrels per day, which was…
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Thousands protested deteriorating living standards outside the prime minister’s office in Tunis on Saturday following a call from Tunisia’s main trade union confederation. “The economic and social situation continues to worsen,” the…
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Saudi Aramco successfully completed the acquisition of a 100 percent equity stake in Chile’s Esmax Distribucion, a leading diversified downstream fuels and lubricants retailer, it was announced on Friday. Esmax has a national presence…
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Iran is holding parliamentary elections this Friday, yet the real question may not be who gets elected but how many people actually turn out to vote. Widespread discontent over the cratering economy, years of mass protests rocking the…
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The UAE’s economy is projected to grow by 5 percent in 2024, a leading member of the government has reiterated. In an interview with Emirates News Agency, also known as WAM, Minister of the Economy Abdulla bin Touq Al-Marri said that…
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The Saudi-Turkish Business Forum, scheduled to take place on March 4, represents significant economic cooperation between the two nations. The conference, to be held at Riyadh International Convention and Exhibition Center, aims to…
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France and Qatar have sealed a strategic partnership under which Qatar has agreed to channel €10 billion ($10.85 billion) into start-ups and investment funds in France between 2024 and 2030, the French presidency said in a statement. The…
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The 15th Klaija Festival in Buraidah has recorded SR20 million ($5.3 million) in sales, marking a boost to the local economy. The 20-day event, which ended on Feb. 27, was held at the King Khalid Cultural Center. Over 20,000 people…
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The UAE government’s adoption of a proactive approach has resulted in a 216 percent increase in the use of digital signatures in 2023, the state-run news agency reported on Monday. Giving a picture of the fast-growing digital economy of…
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