Jeddah
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Posted On NewsGCC needs common policy on crypto, says Saudi academic
Saudi Arabia and other Gulf Arab states should develop aligned policies and regulations around the potential use of cryptocurrencies as a payment tool, a prominent…
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Posted On NewsRiyadh Air in talks to buy 50 more widebody aircraft
Saudi Arabian airline Riyadh Air, backed by the Public Investment Fund (PIF), is in talks with US and European planemakers for 50 additional widebody aircraft, according to…
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Posted On NewsAcwa Power signs green hydrogen supply deal with Germany
Acwa Power, the Saudi power supplier, has signed an agreement with German energy trading company Securing Energy for Europe (Sefe) to supply 200,000 tonnes of…
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Posted On NewsNeymar’s Saudi Arabia stint is an economic lesson for its football goals
Brazilian superstar Neymar is the most expensive footballer of all time, thanks to his eye-watering $232 million move from Barcelona to Qatar-backed Paris Saint-Germain (PSG)…
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Posted On NewsAlMajal AlArabi considers listing on Saudi Arabia’s Tadawul
Saudi Arabia’s AlMajal AlArabi Group (MAG) is considering an initial public offering on the Tadawul main market and has appointed Riyad Capital as an adviser,…
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Posted On NewsLendo raises $690m to fund SME growth in Saudi Arabia
Lendo, a Saudi debt crowdfunding platform, has secured a SAR2.6 billion ($690 million) facility to fund more small and medium-sized enterprises (SMEs) in the kingdom.…
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Posted On NewsUS health fund plans $200m factory in Saudi Arabia
Healthcare fund Akkad Holdings, based in the US, is to invest $200 million to build an intravenous fluid factory in Saudi Arabia. The facility will…
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Posted On NewsSaudi Arabia’s STC to build $9bn telecom network
Saudi Telecom Company (STC) has won a SAR32.64 billion ($8.7 billion) contract to develop a new telecommunications infrastructure in Saudi Arabia. The contract was awarded by…
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Posted On NewsItalian insurer guarantees $3bn Saudi giga-project loan
Sace, an Italian state-owned insurance company, has guaranteed a multi-currency loan of $3 billion provided by nine international banks to support projects in Neom, Saudi Arabia’s…
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Posted On NewsSTC seeks board seat after raising Telefónica stake
Saudi Arabia’s STC Group is seeking a board seat in Spain’s Telefónica after increasing its stake in the telco to 9.97 percent. Discussions will be…
Liyana Parker
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