Chinese government to sell sovereign bonds worth $340bn by year-end

  • RIYADH: China will sell sovereign bonds totalling $340 billion in the final months of this year as the Asian giant taps the remaining annual quota and refinances maturing special bonds. The government has issued 1.09 trillion yuan ($151 billion) of general bonds so far this year ⁠—&n...
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Third Jordan-Gulf Economic Forum begins in Amman

  • AMMAN: The third session of the Jordan-Gulf Cooperation Council Economic Forum began in Amman on Tuesday. It brings together officials and business representatives from Jordan and GCC member states to discuss opportunities for the expansion and development of economic relations, the Jordan News...
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UAE In-Focus — Hospitality market to expand by 25% by 2030; Dubai to announce hydrogen strategy soon

  • DUBAI: The UAE’s hospitality market is set to expand by 25 percent by 2030, with a further 48,000 rooms adding to the nation’s extensive 200,000 key portfolio, according to a study conducted by Knight Frank. The global property consultancy said in its report that Dubai will account for the li...
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Saudi Capital Market Authority approves three new IPOs as listing wave continues

  • RIYADH: Saudi Arabia’s Capital Market Authority has approved another three initial public offerings in the midst of a listing wave on the Saudi bourses. The market regulator has approved an application from Power and Water Utility Co. for Jubail and Yanbu to register and sell 73.09 million sh...
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MENA’s top 4 most funded agri-tech startups

  • CAIRO: With its severe environments and large areas of unused land, the Middle East and North Africa region is in prime need of agricultural and technological advancement. Agri-tech, also called agtech, the use of technology in agriculture, horticulture, and aquaculture, is reshaping the trad...
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GCC banks returning to pre-COVID-19 levels amid higher oil prices: S&P Global

  • RIYADH: Gulf Cooperation Council banks are returning to form after a strong first half of 2022, with earnings for most of them reaching almost pre-pandemic levels by the end of the year, according to S&P Global Ratings. This optimism is spurred by high oil prices, rising interest rates, s...
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Saudi Railways Co. partners with global firms to boost transport sector  

  • RIYADH: The Saudi Railways Co. has partnered with global technology and urban mobility firms including Thales, Alstom, Siemens, and Deutsche Bahn to develop the Kingdom’s transport and logistics sector.  The Public Investment Fund-owned company revealed the details during the InnoTrans i...
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Saudi Arabia, UAE update interest rates after Fed hike

  • RIYADH: Saudi Arabia’s central bank raised its key interest rates on Wednesday following a hike by the Federal Reserve as the US agency continued its battle to contain inflation. Saudi Central Bank, also known as SAMA, matched the Fed’s increase of three-quarters of a percent. “SAMA ha...
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Saudi Shareek initiative to increase private sector GDP contribution appoints new CEO

  • RIYADH: The Large Companies Investments Committee has appointed Abdulaziz Al-Arifi as the CEO of a government-backed initiative aimed at developing partnerships between the public and private sector. Saudi Arabia’s Shareek Program was launched by the Saudi crown prince last year and seeks to ...
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UAE In Focus — UAE initiative aims to double family business contribution to GDP by 2032

  • DUBAI: The UAE aims to double the contribution of family-owned businesses to the nation’s gross domestic product by 2032 to 1.17 trillion dirhams ($320 billion). As part of Thabat Venture Builder, the first of its kind in the region, companies will be able to develop viable business projects ...
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