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Banking & Finance
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The stake includes the shares currently owned by Canadian pension fund Caisse de dépôt et placement du Québec
The 100k mark is simply a matter of when, not if
The industry attracted $16.6 billion in new investments, with a focus on equity and event-driven hedge fund strategies
Rain-damaged vehicles and homes are covered by insurance companies
Failure to comply with the deadlines could result in administrative penalties
Total deposits see impressive 8.3 percent annual surge
Energy
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Deal aligns with Aramco’s strategy to expand its presence in key high-value markets like China
TotalEnergies also announces final investment decision for Oman's Marsa LNG project
The exports are primarily driven by sales from bonded storage for vessels operating on international routes
The initiative aligns with the corporation's vision to leverage innovation and technology for maximum profitability
This represented a rise of 55,000 bpd or 0.61 percent compared to the previous month
Oman LNG will supply up to 0.8 million metric tons of LNG annually to JERA starting in 2025
Health
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Efforts are underway to enhance sector's value and competitiveness, the trade ministry says
Arcera's manufacturing and packaging network will span seven locations, including UAE, Türkiye, and Egypt
The acquisition seeks to boost life sciences sector and economic diversification
Licensing bodies must engage with residents through a public-facing website to provide necessary information
Partnerships seek to support the UAE national workforce development
Gathering explores the role of stem cells in treating cancer and diabetes
Industry
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$2.5 trillion in mineral wealth support Saudi Arabia's diversification efforts
Index reveals 2.1 percent annual increase in manufacturing activity
MODON received the "Most Attractive Destination for Investments Award" in 2023
Vision 2030 propels industrial sector through mega projects
Qatar's electricity sector index sees significant annual increase of 9.90 percent
PMI data shows growth in export orders, slow employment decline
Logistics
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AD Ports Group acquires 90 percent stake in joint venture to serve the broader logistics market in Angola
A total of 2,155 flights were cancelled and 115 were diverted
SCZONE inked 14 agreements with major Chinese companies to boost investment
Clark said that passengers previously stranded in the airport transit area have been rebooked and are en route to their destinations.
During March, a total of 9,950 flights operated to and from Kuwait's airport
Abu Dhabi's imports saw a 19 percent annual increase in 2023 to over AED136.4 billion
Markets
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Gold could remain between $2,300 and $2,350 unless a fresh catalyst emerges
The unexpected decrease in U.S. inventories, as indicated by industry data, provided some support to crude prices
Dollar-yen exchange rate hits 34-year peak as investors monitor Japan’s currency support measures
The dollar climbed to 154.85 yen, its highest point since the middle of 1990
Gold dipped more than 2 percent in the previous session, its largest intraday decline in over a year
Investors fueled the increase as they continued to assess geopolitical concerns in the Middle East
Bullion loses safe-haven appeal amidst reduced geopolitical risks
Miscellaneous
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A month-long celebration of culture, shopping, and entertainment
Currently, Saudi Arabia has 66 movie theaters with approximately 618 screens and 63,373 seats
The Crown Prince is committed to supporting employees and their families during the recent extreme weather
The Crown Prince directed the establishment of a committee to urgently review all requests from Emirati citizens affected by the heavy rains
The certificate can be issued to residents, visitors and even former residents who no longer live in the country
Public sector staff, too, will be working from home
Real Estate
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Median house price jumps to seven-month high, rising 7.4 percent YoY in Q1
A total of 268 real estate transactions were registered during that month
40 percent of Spain's investments in Saudi Arabia over the past 10 years has been in the real estate sector
In the first three months of 2024, 105 homes priced above $10 million were sold in the emirate
Insights into economic trends, entrepreneurial efforts driving growth in UAE and KSA
The housing benefits package includes housing loans, ready-built houses, and grants for residential land
Telecom
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PIF to acquire 51 percent stake in TAWAL from stc Group
The partnership seeks to facilitate industrial-grade private networks in mission-critical sectors
Under the MoU, TEJAS will manufacture its communication products in Egypt using fiber optic technology
Leveraging Egypt's strategic location to revolutionize international data connectivity
SPACE42 set to achieve significant cost and revenue synergies by cross-selling and up-selling existing solutions
