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Saudi Ministry of Industry and Mineral Resources issues 118 new permits as sector grows

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RIYADH: Climate change, natural disasters and other global challenges have prompted a new regional food security strategy from the Gulf Cooperation Council. Faisal Al-Rawas, chairman of the Federation of the GCC Chambers, said the strategy is focused on developing agricultural, livestock, and fishery projects to achieve added value to the food industries, enabling the countries to achieve food security and … Read more

Saudi media giant SRMG’s revenue grows to $997m

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RIYADH: Foreign direct investment inflows to Saudi Arabia rose 17 percent in the fourth quarter of 2023 compared to the previous period, according to recent data.  The analysis, released by the General Authority of Statistics, utilizes an updated approach characterized by heightened transparency and governance standards. FDI inflows were shown to have reached SR19.38 billion … Read more

Germany celebrate turnaround as confidence grows before hosting Euro 2024

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Ukraine, Georgia and Poland are going to Euro 2024 after late drama in qualifying playoffs LONDON: Ukraine found another late winning goal in another comeback win. Georgia and Poland held their nerve in penalty shootouts. All are going to the European Championship. The 24-nation Euro 2024 lineup was finalized Tuesday with three qualifying playoffs giving … Read more

New research shows a surge in popularity of Shisha across the globe as demand for cleaner experiences grows

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RIYADH: Muslims around the world observe the fast during Ramadan, abstaining from all food and drink from dawn to dusk. This means that we are more prone to bad breath, as we produce less saliva during fasting to shield us from oral germs. Saliva plays an essential role in protecting our mouths from bacteria, as … Read more

Another top donor says it will resume funding the UN agency for Palestinians as Gaza hunger grows

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Pakistan PM congratulates Asif Ali Zardari on re-election as president with 255 votes ISLAMABAD: Prime Minister Shehbaz Sharif on Saturday congratulated his coalition partner Asif Ali Zardari for being elected as the country’s president for the second time, after securing 255 votes in the indirect electoral contest held in Pakistan’s parliament and provincial assemblies. Zardari … Read more

UAE’s PMI grows but Egypt’s index falls to 11-month low: S&P Global

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RIYADH: The UAE’s non-oil private sector expanded in February as it delivered the strongest output growth since June 2019, according to S&P Global’s purchasing managers’ index report. The analysis saw the Middle Eastern country given a PMI standing of 57.1 – up from 56.6 in January – with increased new business, more robust client activity, and intensified marketing and … Read more

Excitement grows in runup to PFL versus Bellator champions MMA clash in Riyadh

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When it comes to completing significant sporting challenges, Nelly Attar has achieved more than most. In 2022, the Saudi Arabia-born Lebanese climber became the first Arab woman to scale K2, widely regarded as one of the world’s most dangerous mountains, having already completed her ascent to the pinnacle of Everest, Kilimanjaro and Mount Kenya, to … Read more

Eddie Howe admits Newcastle have made ‘mistakes’ this season as injury crisis grows

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In international football the teams that handle pressure well are the most successful. Playing at the FIFA World Cup for the first time, as host nation no less, Qatar felt that pressure more than most. The level of expectation after 12 long years of preparation was intense, and in that moment, with the international glare … Read more

SABIC brand value grows 3.7% reaching $4.89bn

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RIYADH: Financial risks are increasing for countries neighboring Gaza, given the prolonged conflict and its spillage into nearby areas, says Fitch Ratings. According to the latest “Fitch Wire” newsletter, the involvement of Yemen’s Houthi forces underscores the potential impact on external finances, particularly affecting Egypt and Jordan. Egypt’s current account deficit narrowed in the fiscal … Read more

Saudi insurance sector grows 22% with health as primary driver

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RIYADH: Saudi Arabia’s National Debt Management Center has unveiled its Annual Borrowing Plan Report for 2024, outlining the Kingdom’s strategies for financing in the coming year.  The NDMC’s commitment to effective debt management is highlighted by a SR36 billion ($9.6 billion) liability management transaction. This strategic move extended the “Average Time to Maturity,” reducing the … Read more