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Press Dossier   By Date  23/04/2024
Saudi Aramco in talks to acquire 10% stake in China’s Hengli Petrochemical
Energy giant Saudi Aramco held talks with Chinese Hengli Group Co. to acquire a 10 percent stake in its subsidiary, subject to due diligence and required regulatory clearances.
Sukuk issuance to continue steady growth in 2024: Fitch Ratings
Global sukuk issuance is expected to continue growing in the remaining months of this year, driven by funding and refinancing demands, Fitch Ratings said.
ACWA Power inks deal to drive renewable energy development in Azerbaijan
Saudi energy giant ACWA Power is signing a new agreement to accelerate the development of renewable projects in Azerbaijan.
Closing Bell: TASI edges down to close at 12,509 points
Saudi Arabia’s Tadawul All Share Index closed at 12,508.93 points on Monday, losing 9.29 points or 0.07 percent.
All Saudi airports achieve 100% complaint resolution in March: GACA
All airports in Saudi Arabia that received passengers’ complaints in March resolved them on time, according to the General Authority of Civil Aviation.
Oman nominal GDP sees 2.8% slip
Oman’s nominal gross domestic product registered an annual 2.8 percent drop thanks to an output decrease from the hydrocarbon sector, according to the latest figures.
Alistithmar Capital, Ezdihar Real Estate partner to launch $293m property development fund
Saudi Arabia’s Alistithmar Capital is teaming up with Ezdihar Real Estate Development Co. to create an SR1.1 billion ($293 million) property fund in a move that will benefit Riyadh’s commercial and office landscape.
UAE and Oman establish $35bn investment partnerships across multiple sectors
Trade and economic ties between the UAE and Oman are set to further strengthen thanks to the signing of investment deals worth 129 billion dirhams ($35.12 billion).
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