News
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Posted On NewsNew Lebanese president faces uphill task on economy
Joseph Aoun, the new Lebanese president who was elected on Thursday, faces an uphill task of pulling his country out of the worst financial crisis since…
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Posted On NewsSaudi Arabia’s PIF invests $200m in JP Morgan fund
Saudi Arabia’s Public Investment Fund has invested $200 million in a recently launched exchange-traded fund that tracks dollar-denominated bonds and sukuk issued by the kingdom’s government and…
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Posted On NewsSaudi Aramco leads $30m investment in tech startup
Wa’ed Ventures, the $500 million venture capital fund owned by Saudi Aramco, and Japanese conglomerate Sumitomo have invested in Zension Technologies, a consumer electronics startup. Wa’ed…
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Posted On NewsSaudi Arabia estimates 2025 budget funding at $37bn
Saudi Arabia will need estimated funding of SAR139 billion ($37.02 billion) in 2025 to cover the potential budget deficit. Finance minister Mohammed Al Jadaan has…
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Posted On NewsSaudi Arabia funds budget gap with $2.5bn loan
Saudi Arabia has secured a sharia-compliant revolving credit facility of $2.5 billion to fund its budget gap in 2025. The credit facility for three years…
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Posted On NewsSaudi Arabia chases 15% stake in Pakistan’s Reko Diq mine
Saudi Arabia is in talks with Pakistan to acquire a 15 percent stake in one of the world’s largest undeveloped copper and gold resources, a…
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Posted On NewsAnti-corruption squad arrests Saudi government employees
Government employees were among 145 people arrested in Saudi Arabia over corruption charges last month. The country’s Oversight and Anti-Corruption Authority (Nazaha) conducted 1,462 “oversight…
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Posted On NewsSaudi 2025 fiscal gap forecast could widen further
Saudi Arabia has assumed a deficit of nearly $27 billion in its 2025 budget but the actual gap is likely to widen by the end…
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Posted On NewsSaudi Arabia’s FDI inflows fall 21%, putting 2024 target in doubt
Foreign direct investment into Saudi Arabia has fallen 21 percent year on year, according to the country’s statistics agency. In the third quarter of 2024,…
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Posted On NewsSaudi Arabia pins branding hopes on Riyadh Air launch
Saudi Arabia still hasn’t found the magic sauce for branding its social and economic reforms. Hopes are high that the launch of Riyadh Air will do for…
Liyana Parker
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