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Category: Business

By David SmithIn Business, NewsPosted August 19, 2024

Metal Bank Expands into Saudi Arabia as Part of MENA Growth Strategy

Metal Bank Limited (ASX:MBK) has announced its strategic expansion into Saudi Arabia, marking a significant milestone in its Middle East and North Africa (MENA) growth...

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By Emma JohnsonIn Business, NewsPosted August 14, 2024

Egypt in Talks to Buy Large Volume of Wheat from Sellers Including Russia

Egypt, one of the world’s top wheat importers, is currently in negotiations to purchase a substantial volume of wheat from various sellers, including Russia. The...

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By Rian LordIn Business, NewsPosted August 10, 2024

Scilex Holding Company Enters Master Distributor Agreement for ZTlido® Distribution in Multiple Countries

In a strategic move to expand its global footprint, Scilex Holding Company has entered into a Master Distributor Agreement with CH Trading Group and Devart...

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By Noah MillerIn Business, NewsPosted August 7, 2024

Saudi Woman Allegedly Abducted from Australia: Lawyer Raises Concerns

A Saudi Arabian woman, Lolita Safeeraldeen, who sought asylum in Australia, has reportedly been abducted and flown back to Saudi Arabia. Human rights lawyer Alison...

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By Noah MillerIn Business, NewsPosted August 6, 2024

Saudi’s Small Crude Price Hike for Asia Reflects Bigger Concerns

Saudi Arabia’s recent decision to raise its official selling prices (OSPs) for September-loading crude oil to Asia by a modest 20 cents per barrel has...

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By Ava WilliamsIn Business, NewsPosted August 5, 2024

Saudi Aramco Signs $28.5 Million Deal with Arabian Pipes

In a strategic move to enhance its supply chain, Saudi Aramco has signed a $28.5 million contract with Arabian Pipes Company. The agreement, announced on...

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By Noah MillerIn Business, NewsPosted August 5, 2024

Saudi Talco’s Q2 Net Profit Climbs 37%

In a remarkable financial performance, Saudi Talco Industrial Company (Talco) has reported a 37% year-on-year increase in its net profit for the second quarter of...

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By Ava WilliamsIn Business, NewsPosted August 2, 2024

SANS and NATS Sign Agreement to Enhance Airport Capacity

The Saudi Air Navigation Services Company (SANS) and the British company NATS have signed a cooperation agreement aimed at increasing the capacity of airports across...

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By Noah MillerIn Business, NewsPosted August 2, 2024

Indonesia and Saudi Arabia Explore Investment Opportunities

Indonesia and Saudi Arabia are actively exploring new investment opportunities to strengthen their economic ties. In a recent meeting, Indonesian Coordinating Minister for Economic Affairs,...

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By Emma JohnsonIn Business, NewsPosted July 25, 2024

Reynaers Middle East Strengthens Partnership with Al Mannai Aluminium in Friendly and Productive Visit

Reynaers Middle East, the regional office of the renowned European aluminium solutions provider Reynaers Aluminium, recently visited Al Mannai Aluminium in a warm and productive...

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By Emma JohnsonIn Business, Finance, NewsPosted July 25, 2024

PM: State Supports Saudi Investments in Egypt

Egypt’s Prime Minister has reaffirmed the state’s commitment to supporting Saudi investments in the country. This announcement comes as part of ongoing efforts to strengthen...

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By Noah MillerIn Business, NewsPosted July 23, 2024

World’s Tallest Tower Gets Boost as Saudi Consortium Acquires Development Fund

The ambitious project to construct the world’s tallest tower in Jeddah, Saudi Arabia, has received a significant boost as a consortium of prominent Saudi companies...

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By Emma JohnsonIn Business, NewsPosted July 20, 2024

Egyptian Businessmen Review Participation in Reconstruction Operations in Libya

The Egyptian Businessmen Association (EBA) is organizing a delegation of investors, industrialists, and real estate developers to visit Libya. This visit aims to explore trade...

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By Emma JohnsonIn Business, NewsPosted July 18, 2024

Launch of Saudi Arabia’s NEOM Airlines on Hold

The much-anticipated launch of Saudi Arabia’s NEOM Airlines has been put on hold, according to recent reports. The airline, which was set to begin operations...

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By Ava WilliamsIn Business, NewsPosted July 17, 2024

South Korea Takes Administrative Steps Against Saudi Airline Over Flight Suspension

South Korea’s Ministry of Land, Infrastructure and Transport has initiated administrative measures against Saudi Arabian airline Saudia for suspending its direct flights to South Korea...

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By Ava WilliamsIn Business, NewsPosted July 17, 2024

Saudia Airlines Confident in Timely Airbus Jet Deliveries

Saudia Airlines has announced that it expects no delays in the delivery of its recently ordered Airbus jets, despite ongoing production challenges faced by the...

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