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    Saudi Aramco to raise output capacity to 13m barrels per day

    11 Mar 2020

    Saudi Arabia’s energy ministry has directed oil producer Saudi Aramco to raise its output capacity to 13 million from 12 million barrels per day (bpd), CEO Amin Nasser said

    Saudi firm signs milestone deals with Uzbekistan

    08 Mar 2020

    ACWA Power announces the signing of three new strategic agreements, potentially worth up to $2.5 billion, with The Ministry of Energy of Uzbekistan to amplify power generation and develop technical expertise.

    G20 leaders to speak on Thursday about coronavirus

    24 Mar 2020

    G20 finance ministers and central bankers agreed during a separate video conference on Monday to develop an "action plan" to respond to the outbreak, which the International Monetary Fund expects will trigger a global recession.

    Saudi investment ministry presents Virgin Hyperloop One with trade licence at US forum

    03 Mar 2020

    The issuing of the licence marks a significant milestone for the California-based developer in the firm’s pursuit to commercialise the technology.

    Riyadh Travel Fair 2020 postponed due to coronavirus

    05 Mar 2020

    The ongoing Corona virus crisis hit Saudi Arabia earlier this week with the first case of an infected individual recorded. Saudi authorities were quick to act, quarantining 70 people who were in contact with that individual.

    Number of travellers visiting UAE from Saudi Arabia up significantly

    01 Mar 2020

    The number of travellers visiting the UAE from Saudi Arabia grew significantly in the fourth quarter of 2019. Dubai’s multi-dimensional market and customised campaigns showcase the city’s ability to remain attractive to the KSA tourists.

    Saudi Arabia announces $32b support to mitigate coronavirus impact on economy

    20 Mar 2020

    The Saudi central bank said last week it had prepared a 50-billion riyal ($13.32 billion) package to help banks and small and medium-sized enterprises cope with the economic impact of the coronavirus.

    Saudi bourse Tadawul officially launches derivatives market

    30 Aug 2020

    The Saudi Stock Exchange (Tadawul) launched the kingdom’s first exchange-traded derivatives market and clearing house on Sunday, as part of its strategy to make its equity markets more attractive to foreign investors.

    UAE and Saudi to strengthen ties by boosting commodity trading

    09 Aug 2020

    Ahmed Bin Sulayem, Executive Chairman and Chief Executive Officer (DMCC) — the world’s flagship Free Zone and Government of Dubai Authority on commodities trade and enterprise — hosted a briefing call with Sheikh Shakboot Bin Nahyan Al Nahyan,

    UAE, Saudi Arabia, Egypt draw $11.2 billion of FDI inflows

    03 Aug 2020

    The UAE, Saudi Arabia and Egypt drew up to 65.4 per cent of the total FDI inflows to the Arab nations in Q1-2020, according to a report released by the Arab Investment & Export Credit Guarantee Corporation (Dhaman)

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