Economy of Saudi Arabia
The World’s Megaprojects (infographic)
More expensive than Neom City is the EU’s Trans-European Transport Network
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Türkiye seeks to boost commercial ties with Saudi Arabia
Türkiye aims to increase bilateral trade volume up to $30 billion in the medium term, Vice President Cevdet Yılmaz said, adding that Türkiye may welcome more tourists from Saudi Arabia.
Saudi fund trying to build a post-oil economy
This week global banking elites attend the Future Investment Initiative forum in Riyadh, a focal point of Saudi Arabia's economic reforms, as the country's the Public Investment Fund (PIF) is bankrolling the transition:
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Cyprus property sales at a 15-year high
Residential property sales in Cyprus hit a 15-year record high in the second quarter of 2023, with a significant increase in prices, according to data released this week by the Central Bank of Cyprus.
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Israel-Hamas war already affecting regional economies: IMF head
The raging war between Israel and Hamas is already battering the economies of nearby countries, the managing director of the International Monetary Fund told a Saudi investor forum yesterday.
UN experts challenge Aramco over climate change
U.N. experts have written to oil firm Saudi Aramco and its financial backers challenging them on allegations that their activities are fuelling climate change-related negative impacts on human rights.
A cache of correspondence was published on Aug. 26 on a United Nations human rights special procedures website, exactly two months after it was sent.
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Aramco, TotalEnergies sign contracts for $11bln Saudi complex
Saudi Aramco and France's TotalEnergies have signed contracts to start building an $11-billion petrochemicals facility in the Gulf kingdom, the two companies said.
A signing ceremony for the engineering, procurement and construction contracts for the Amiral complex took place at Aramco's headquarters in Dhahran, in Saudi Arabia's Eastern Province.
Saudi Aramco reports 46 pct jump in profits
Saudi Aramco reported yesterday that profits jumped 46 percent last year, highlighting how a surge in oil prices after Russia invaded Ukraine spurred growth in the world's biggest crude exporter.
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Finance minister to attend investment event in Riyadh
Treasury and Finance Minister Nureddin Nebati, accompanied by a delegation, is attending the sixth edition of the Future Investment Initiative (FII) in Saudi Arabia.
The three-day FII, which began yesterday, will continue until Oct. 27 in the Saudi capital of Riyadh.
Saudi Aramco unveils record $48.4 billion profit in Q2
Oil giant Saudi Aramco yesterday unveiled record profits of $48.4 billion in the second quarter of 2022, after Russia's war in Ukraine and a post-pandemic surge in demand sent crude prices soaring.
Net income leapt 90 percent year-on-year for the world's biggest oil producer, which clocked its second straight quarterly record after announcing $39.5 billion for Q1.