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Tag: Saudi Arabia

Posted on August 31, 2023

XCMG Machinery officially launches its Saudi Arabia subsidiary company

Further enhance XCMG’s service capacity on after-sale, buyback options, maintenance and repair, and spare parts warehousing in the Middle East …
Posted on August 31, 2023

Saudi Arabia gets some unlikely visitors when a plane full of Israelis makes an emergency landing

A plane carrying Israelis home from the Indian Ocean island nation of Seychelles has made an emergency stop in Saudi Arabia before flying back to Tel Aviv
Posted on August 31, 2023

Saudi Arabia’s multi-billion dollar football powerhouse bet

The ambitious project to make Saudi Arabia an international football hub started with the arrival of Cristiano Ronaldo at Al Nassr in January on a two-and-a-half-year deal said to be worth over $400m (£318m or 370m euros) in wages.
Posted on August 31, 2023

Saudi Arabia may stick with its oil cuts as the nation tries to raise more money to fund its lavish spending projects

It relies in part on oil revenue to fund its massive spending projects. Saudi Arabia is likely to stick with its recent oil output cut for the next two months in order to drive up prices and pull in more revenue to fund its lavish spending projects,
Posted on August 30, 2023

Saudi Arabia Expected to Prolong Oil Cut Again, Survey Shows

(Bloomberg) — Saudi Arabia is expected to extend a 1 million-barrel oil supply cut into October, as it seeks to shore up prices against a faltering economic backdrop. Most Read from Bloomberg Citadel …
Posted on August 30, 2023

Saudi Arabia Expected to Prolong Oil Cut Again, Survey Shows

(Bloomberg) — Saudi Arabia is expected to extend a 1 million-barrel oil supply cut into October, as it seeks to shore up prices against a faltering economic backdrop. Most Read from Bloomberg Citadel …
Posted on August 30, 2023

71 mining licenses issue by Saudi Arabia’s Ministry of Industry and Mineral Resources in July 2023

RIYADH, Saudi Arabia, Aug. 30, 2023 /PRNewswire/ — The Ministry of Industry and Mineral Resources issued 71 new mining licenses during July 2023, including 45 exploration licenses, 21 building …
Posted on August 29, 2023

Israelis Return from Saudi Arabian Unplanned Stopover

Israel is currently working to bring Saudi Arabia into the Abraham Accords. Finance Minister Bezalel Smotrich said on Monday, that the Saudis have a tremendous amount to gain if they normalize …
Posted on August 29, 2023

StanChart to sell jet leasing arm to Saudi wealth fund unit for $3.6 bln

Aug 28 (Reuters) – Standard Chartered (STAN.L) said on Monday it was selling its global aviation finance leasing business to Saudi Arabia-based AviLease for about $3.6 billion, as part of a drive to …
Posted on August 29, 2023

Property deals in Saudi Arabia decline amid rising prices, interest rates

Rising home prices in Saudi Arabia are putting downward pressure on property transactions in the kingdom, according to a new JLL report. Residential property sale prices in the Gulf state increased in …

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