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$ 100 m new Saudi aid to bolster Syrian revolution

  • MARRAKESH, Morocco: Foreign Minister Prince Saud Al-Faisal reiterated Saudi Arabia’s recognition of the National Coalition as the sole representative of Syrians but emphasized the need for greater unity among opposition groups to mobilize international support....
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$ 80 billion power boost for Kingdom

  • The Saudi Electricity Company (SEC) plans to spend $ 80 billion over the next 10 years to meet the Kingdom's rising demand for electricity....
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$1.35bn raised for Yemen in virtual donors conference hosted by Saudi Arabia, UN

  • NEW YORK: International donors on Tuesday pledged $1.35 billion of aid for Yemen, during a virtual humanitarian event organized by Saudi Arabia, in partnership with the United Nations Time is of the essence in the efforts to help the people of Yemen, the donors were reminded at the end of the...
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$10 billion Saudi funds boost for Jordan trade

  • RIYADH: A 40-member Saudi trade delegation has headed for Amman to participate in the Jordanian-Saudi Economic Forum, which concludes on Thursday.The delegation headed by Mohammed bin Abdulaziz Al-Oudeh, head of the Saudi-Jordanian Business Council (SJBC), will also take part in the eighth...
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$100bn IDB loans accelerate growth

  • The Islamic Development Bank has given loans worth $100 billion to member states since its inception to finance development projects, thus playing a big role in accelerating economic growth in Muslim countries, said Ahmed Mohamed Ali, its president.He said Custodian of the Two Holy Mosques King...
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$100m fund set up to save heritage sites

  • ABU DHABI/DOHA: Representatives of around 40 countries on Saturday approved plans to establish a fund to protect heritage sites in war zones and a network of safe havens for endangered artworks. The fund, announced at an Abu Dhabi conference attended by Abu Dhabi Crown Prince Sheikh Mohammed bin...
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$100m SABIC Technology Center in Shanghai to spur innovation

  • Prince Saud bin Abdullah bin Thunayan, chairman of Saudi Basic Industries Corp. (SABIC) and the Royal Commission for Jubail & Yanbu, has opened the company’s state-of-the-art SABIC Technology Center (STC) in Shanghai, China.The center, which marks another significant milestone for SABIC in...
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$10bn fund proposed for Yemen’s reconstruction

  • RIYADH: Consultations are underway to establish a $10 billion trust fund for reconstruction in strife-torn Yemen, especially in areas liberated by the Saudi-led coalition....
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$10bn Jazan port to have largest ship maintenance facility

  • Plans are under way to establish a state-of-the-art port with a shipbuilding plant in Jazan at a cost of $10 billion. Businessmen attending the Feb. 25-26 Jazan Economic Forum will be briefed on the vital project, which is likely to change the region’s trade and economic dimensions.“The project...
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$10bn Saudi investment hope brings ‘fresh air’ to Pakistan’s troubled economy

  • ISLAMABAD: The possibility of expanding Saudi investment will be a welcome relief to Pakistan, experts and business leaders told Arab News, as Riyadh plans to consider a major funding boost in the South Asian nation’s troubled economy. As Pakistan’s foreign exchange reserves remain under press...
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