Saudi Arabia shines as global investment darling at BMG Economic Forum

  • LONDON: Investors and experts from across Saudi Arabia, the UK and Europe gathered at the BMG Economic Forum’s annual meeting at the London Stock Exchange on Tuesday to highlight key investment and cooperation opportunities with the Kingdom. The conference, part of BMG’s Annual Summer Retreat...
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Libya’s Bashagha says oil blockade tied to budget release

  • SIRTE, Libya: Libya’s oil blockade would likely end if the central bank supplies the funds for the budget that parliament approved this week, the parliament-appointed prime minister, Fathi Bashagha, told Reuters. Bashagha was sworn in by the eastern-based parliament in March but Abdulhamid Al-...
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Israeli-based stem cell startup wins grand prize at inaugural Aviram awards in Dubai

  • LONDON: A startup that pioneered the use of stem cell generated blood cells to treat seriously ill patients has won a $500,000 grand prize at the inaugural Aviram awards in Dubai in recognition of the firm’s contribution to one of society’s most pressing challenges. The prize was accepted by ...
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British PM’s visit to Saudi Arabia to pave way for free trade deal, stronger business ties

  • RIYADH: British Prime Minister Boris Johnson met Wednesday with Saudi Crown Prince Mohammed bin Salman to bolster economic and business ties between the two nations. The Kingdom and other GCC nations are working on a free trade agreement that may see the light faster after this visit.  ...
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Here’s what you need to know as TASI wraps up the trading week

  • RIYADH: Saudi stocks rose on Wednesday following five straight days of losses, boosted by news of growth in the Kingdom's gross domestic product. Saudi GDP rose by the highest annual rate since 2015 of 3.2 percent in 2021, with a growth of 6.7 percent in the fourth quarter, acc...
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Pakistan’s Khyber Pakhtunkhwa attracts around $10bln at Expo Dubai — investment chief

  • KARACHI: Expo 2020 Dubai has enabled Pakistan’s northwestern Khyber Pakhtunkhwa (KP) province to attract an estimated $10 billion investment in key sectors, including energy and tourism, a top KP investment official said on Sunday.  The expo, which began in October 2021, is offering lucra...
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Saudi tourism sector set to shine, says CEO of STA

  • RIYADH: Visitors to Saudi Arabia are expected to double, according to a recent statement made by the Saudi Tourism Authority to AlArabiya on the sidelines of a travel trade event in London. Fahd Hamidaddin, CEO of the STA, said on Wednesday that the Riyadh Season had increased the rate of vis...
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Climate talks at critical point as global leaders meet in Glasgow

  • GLASGOW/RIYADH: World leaders arrived in Glasgow for the United Nations COP26 climate summit amid increased scepticism that will agree measures required to limit dangerous global warming. US President Joe Biden, UK prime minister Boris Johnson, German Chancellor Angela Merkel, Australian Prim...
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G20 leadership: Saudi Arabia at global center stage and lessons learned

  • In November 2020, the G20 summit concluded with Saudi Arabia holding the presidency. It was an extraordinary effort by the host country to tackle previous issues as well as new ones thrown up by the COVID-19 pandemic, making the G20 a virtual event. Despite all the obstacles, the Riyadh G20 s...
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Proof of vaccine or PCR test required to enter Expo 2020 Dubai

  • DUBAI: Organizers of Expo 2020 Dubai have announced enhanced entry measures in the fight against Covid, requiring adult visitors to present proof of vaccine or a negative PCR test.  Any vaccine recognized by visitors’ national governments will be approved while a negative PCR test must be...
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