Business & Money | Saturday 13 April, 2024 8:12 am

World's leading financial institutions raise China's 2024 growth forecasts

A number of leading global financial institutions and banks have revised their 2024 growth forecasts for China upward after improved data and effective policy delivery has raised expectations of a brighter outlook for the world's second-largest economy. According to China Central Television,...

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Business & Money | Saturday 13 April, 2024 8:08 am

WETEX 2024 to commence in Dubai in October

Dubai Electricity and Water Authority (DEWA) is organising the 26th Water, Energy, Technology and Environment Exhibition (WETEX) from 1st to 3rd October 2024 at the Dubai World Trade Centre. Saeed Mohammed Al Tayer, MD and CEO of DEWA, Founder and Chairman of WETEX, said that as one of the...

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Business & Money | Saturday 13 April, 2024 8:07 am

Electronic security supports e-commerce growth in KSA: American Express

The regulation of e-commerce and the strong electronic security pushed the e-commerce growth rate higher in Saudi Arabia, Al Eqtisadiah newspaper reported, citing Fahad Al Guthami, CEO of American Express Saudi Arabia.   He added that the company recorded a 62% rise in local...

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Business & Money | Saturday 13 April, 2024 8:05 am

ADF restructures 1,183 NPLs worth SAR 604M in 2023

The Agricultural Development Fund (ADF) restructured 1,183 non-performing loans (NPLs) worth SAR 604 million for investors and farmers in 2023.   According to its annual report, the fund stated that it collected loans worth SAR 3.44 billion during the fiscal year 2023. The total...

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Business & Money | Saturday 13 April, 2024 8:03 am

38,900 e-commerce registers issued in Q1 2024

The total number of e-commerce registers increased by 17% to 38,850 in Q1 2024, from 33.070 in the year-earlier period, the Ministry of Commerce said in its quarterly business sector bulletin. The total number of commercial registers reached 104,000 in the first quarter of the...

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Business & Money | Friday 12 April, 2024 2:06 pm

Tor Holding And ELIE SAAB Announce Partnership For Dual Real Estate Debut in Turkey.

Istanbul - ELIE SAAB, one of the World’s leading names in Haute Couture and esteemed luxury lifestyle brand and TOR HOLDING, a Turkish real estate developer known for its innovative projects and global collaborations, announce their partnership for the launch of two real estate projects in...

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Business & Money | Friday 12 April, 2024 7:05 am

Sanad solidifies its partnership with Asiana Airlines at AED532 million

Sanad, the global aerospace engineering and leasing solutions leader wholly owned by Abu Dhabi’s sovereign investor Mubadala Investment Company PJSC (Mubadala), solidified its partnership with Asiana Airlines, the second largest airline in South Korea, through a five-year contract extension...

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Business & Money | Friday 12 April, 2024 6:46 am

Commercial registers for fast-food sector reach 44,800 in 2023: Ministry

The Ministry of Commerce stated that the number of commercial registers for fast-food sector in Saudi Arabia increased by 17% year-on-year (YoY) to 44,800 by the end of 2023, Al Eqtisadiah newspaper reported.   Riyadh dominated the largest number of registers reaching 13,644. It was...

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Business & Money | Friday 12 April, 2024 6:45 am

SDB collects SAR 114B from total loans offered to citizens

The Social Development Bank (SDB) collected SAR 114 billionfrom the total loans worth SAR 155 billion offered to citizens, Al Eqtisadiah newspaper reported, citing CEO Sultan Al-Hamidi.   He added that the total loans offered to females since the bank's establishment reached nearly...

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Business & Money | Friday 12 April, 2024 6:42 am

OPEC maintains oil demand forecast for 2024

The Organization of the Petroleum Exporting Countries (OPEC) continues to expect oil demand to grow by 2.2 million barrels a day (bpd) in 2024 and by 1.8 million bpd in 2025, unchanged from its previous estimates.   Meanwhile, the organization lowered its expectation for non-OPEC...

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