Economy

Egypt’s President Abdel Fattah El-Sisi received Chinese Foreign Minister Wang Yi in Cairo on Sunday. Also in attendance were Sameh Shoukry, Egypt’s foreign minister, and senior Chinese officials. Egypt was the first stop of Wang’s…
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Ali Al-Ghamdi, the CEO of the Saudi National Center for Environmental Compliance, has highlighted the key role being played by the center in helping the Kingdom’s mining industry meet Vision 2030 targets on achieving economic…
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The UAE Minister of State for Foreign Trade Dr. Thani bin Ahmed Al-Zeyoudi and his Costa Rican counterpart Manuel Tovar have signed a joint statement confirming the conclusion of negotiations toward a comprehensive economic partnership…
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Saudi Foreign Minister Prince Faisal bin Farhan met with German Vice Chancellor and Minister for Economic Affairs and Climate Action Robert Habeck at the ministry’s office in Riyadh on Wednesday. During the meeting, they reviewed…
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The non-oil sector in the UAE experienced its second-best growth in four-and-a-half years, as the Emirate’s Purchasing Managers’ Index reached 57.4 in December 2023, as per an economic tracker. The latest S&P Global PMI report…
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Saudi Arabia’s economy is likely to grow by 4.4 percent in 2024, Aljazira Capital has predicted in its year-end report. The forecast is in line with the Kingdom’s Finance Ministry’s projection for the current year, whereas Moody’s…
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The Gulf Cooperation Council and South Korea are set to bolster their economic ties with a new free trade agreement. The deal, inked in Seoul by Jassim Mohammed Al-Budaiwi, the secretary-general of the GCC, and Ahn Duk-geun, the East…
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Saudi Arabia’s economic diversification efforts are set to continue to bear fruit as the Kingdom’s non-oil economy is projected to expand between 3 percent and 4 percent each year until 2030, according to an expert at Moody’s Analytics.…
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The economic and trade relations between Oman and India are set to strengthen further as both nations recently signed multiple agreements and memorandums of understanding across various sectors. The deals were formalized during the visit…
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Turkiye is urging foreign investors to consider government bonds that offer yields in Turkish lira as the country approaches the end of its tightening monetary cycle, according to the central bank’s chief. Turkish Central Bank Gov.…
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