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1 day ago | 
arab.news | Nirmal Narayanan |Nour El-Shaeri |Nadin Hassan |Mohammed Al-Kinani
Saudi Arabia raises $990m through April sukuk issuance /node/2598025/business-economy April 22, 2025 18:39 Saudi Arabia raises $990m through April sukuk issuance RIYADH: Saudi Arabia’s National Debt Management Center raised SR3.71 billion ($990 million) through its riyal-denominated sukuk issuance for April, reflecting a 40.5 percent increase compared to the previous month, according to an official statement.
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3 days ago | 
arab.news | Mohammed Al-Kinani |Reem Walid |Nirmal Narayanan |Miguel Hadchity
ZURICH: Klaus Schwab, founder of the World Economic Forum, whose annual gathering of business and political leaders in the Swiss mountain resort of Davos became a symbol of globalization, has resigned as chair of its trustees. The Geneva-based WEF made the announcement on Monday after revealing earlier this month that the 87-year-old Schwab, who for decades has been the face of the Davos get-together, would be stepping down, without giving a firm timeline.
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1 week ago | 
arab.news | Mohammed Al-Kinani |Nirmal Narayanan |Reem Walid |Ismail Dilawar
Red Sea tensions slash Suez Canal revenue as Egypt pushes diplomatic path /node/2597453/business-economy April 17, 2025 15:34 Red Sea tensions slash Suez Canal revenue as Egypt pushes diplomatic path JEDDAH: Amid escalating tensions in the Red Sea, Egypt’s Prime Minister Mostafa Madbouly reaffirmed the country’s commitment to diplomatic solutions as disruptions to international shipping through the Suez Canal led to a dip in revenues.
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2 weeks ago | 
arab.news | Nirmal Narayanan |Nadin Hassan |Reem Walid
Saudi industrial output rises in Feb. on manufacturing gains: GASTAT /node/2596523/business-economy April 10, 2025 11:08 Saudi industrial output rises in Feb. on manufacturing gains: GASTAT RIYADH: Saudi Arabia’s Industrial Production Index saw a modest rise in February, driven by stronger manufacturing activity as the Kingdom pushes ahead with its economic diversification agenda.
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2 weeks ago | 
arab.news | Nour El-Shaeri |Nirmal Narayanan
Italy’s Eni to invest $26bn in North Africa over next 4 years, CEO says /node/2596388/business-economy April 09, 2025 10:56 Italy’s Eni to invest $26bn in North Africa over next 4 years, CEO says RAVENNA : Italian energy group Eni will invest around €24 billion ($26.24 billion) in Algeria, Libya and Egypt over the next four years to help boost energy production, CEO Claudio Descalzi said on Tuesday.
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2 weeks ago | 
arab.news | Nirmal Narayanan |Nour El-Shaeri |Miguel Hadchity |Mohammed Al-Kinani
stc, Aramco among top Saudi workplaces; BCG tops UAE list: LinkedIn report /node/2596273/business-economy April 08, 2025 14:09 stc, Aramco among top Saudi workplaces; BCG tops UAE list: LinkedIn report RIYADH: Saudi telecommunication firm stc Group has been ranked the best workplace in the Kingdom, with energy giant Aramco placed second, a report by LinkedIn showed.
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2 weeks ago | 
arab.news | Nadin Hassan |Mohammed Al-Kinani |Nirmal Narayanan |Reem Walid
ISLAMABAD: Two prominent institutes owned by the governments in China and Pakistan have signed a memorandum of understanding (MoU) to boost Pakistan’s cotton production through technological methods, state broadcaster reported on Sunday. Cotton is one of Pakistan’s most important cash crops. At present, Pakistan is the fifth-largest producer of cotton and the third-largest producer of cotton yarn in the world, according to the Ayub Agricultural Institute.
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4 weeks ago | 
arabnews.com | Nirmal Narayanan
RIYADH: Saudi Arabia’s real estate sector is expected to experience growth in 2025, fueled by the ongoing efforts of Vision 2030 to diversify the Kingdom’s economy, according to a recent analysis. In its latest report, real estate services firm JLL highlighted that economic growth across the Gulf Cooperation Council is expected to remain strong in 2025, with Saudi Arabia leading the charge.
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4 weeks ago | 
arabnews.com | Nirmal Narayanan
RIYADH: Global renewable energy capacity saw a record annual growth rate of 15.1 percent in 2024, increasing by 585 gigawatts, according to a new analysis. In its latest report, the International Renewable Energy Agency said that this addition brought the total installed power capacity in the sector to 4,448 GW.
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4 weeks ago | 
arab.news | Reem Walid |Mohammed Al-Kinani |Miguel Hadchity |Nirmal Narayanan
Egypt’s economy expands 4.3% in second quarter, says minister /node/2594899/business-economy March 26, 2025 14:18 Egypt’s economy expands 4.3% in second quarter, says minister RIYADH: Egypt’s economy grew 4.3 percent in the second quarter of 2024-25, accelerating from 2.3 percent a year earlier, driven by structural reforms and rising private sector investment, Planning Minister Rania Al-Mashat said.
