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Posted On NewsAl Akaria explores new launches after four-fold profit rise
Saudi Real Estate Company (Al Akaria) said net profit for 2024 nearly quadrupled amid a rise in property sales and…
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Posted On NewsNeom-backed Volocopter bought by Chinese company
Chinese automotive and aerospace group Zhejiang Wanfeng Auto Wheel has acquired failed German air taxi developer Volocopter, a partner in…
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Posted On NewsS&P raises Saudi Arabia’s rating amid ongoing reforms
S&P Global Ratings has upgraded Saudi Arabia’s rating to “A+” from “A” with a stable outlook, citing socioeconomic and capital…
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Posted On NewsChinese demand for Saudi crude to drop 13% in April
Shipments of crude oil by Saudi Arabian to its biggest customer, China, are expected to drop in April to their…
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Posted On NewsPIF considers new stadium for Newcastle United
Saudi Arabia’s sovereign wealth fund is considering funding a new stadium development for English Premier League (EPL) side Newcastle United,…
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Posted On NewsIEA’s hard line on oil glut clashes with Opec forecast
The International Energy Agency (IEA) has said US tariffs will contribute to a decline in global oil demand growth this…
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Posted On NewsAcwa Power bolsters renewables presence in China
Saudi Arabian energy company Acwa Power has opened a renewable-energy innovation centre in Pudong New Area in Shanghai. The move is part…
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Posted On NewsPIF launches Saudi Arabia’s first duty-free retailer
The Public Investment Fund (PIF) has launched Saudi Arabia’s first duty-free operator as the kingdom targets 150 million annual visitors by the…
