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SDAIA, NTDP Launch Groundbreaking AI Accelerator GAIA

the financial -
Saudi Data and Artificial Intelligence Authority (SDAIA) and the National Technology Development Program (NTDP), in cooperation with New Native Inc., launched Tuesday GAIA, the...
Economy

Saudi Central Bank Makes Decisions on Repo and Reverse Repo Rates

the financial -
The Saudi Central Bank (SAMA) decided to raise the rate of Repurchase Agreement (Repo) by 25 basis points to 6.00 percent, and the rate...
Economy

Events Investment Fund Acquires Stake in Strategic Live Events Joint Venture ‘Tahaluf’

the financial -
The Events Investment Fund (EIF) has acquired a stake in Tahaluf, the Saudi Arabian large-scale live events company created through a strategic joint venture...
Economy

Saudi Stock Exchange Main Index Ends Trading Lower at 11847.72 Points

the financial -
The Saudi Stock Exchange main index ended trading lower today, losing 58.41 points to close at 11847.72 points.The total value of trading reported was...
Economy

PIF Announces Establishment of Saudi Tourism Investment Company “Asfar”

the financial -
The Public Investment Fund (PIF) announced today the establishment of the Saudi Tourism Investment Company (Asfar) to support the growth of the country’s tourism...
Business

Borouge reports first-half revenues of $2.8 billion

the financial -
orouge Plc today announced its financial results for the three- and six-month periods ended 30th June 2023, with first-half revenues of $2.8 billion and...
Economy

Saudi Arabia’s PIF marks $5bn to invest in Oman’s vital sectors

the financial -
The Public Investment Fund (PIF) today signed a Memorandum of Understanding (MoU) with the Oman Investment Authority (OIA) to expand their cooperation, enabling new...
Economy

Turkey’s central bank says inflation is set to hit 58% — more than double its previous estimate

the financial -
Turkey’s central bank expects inflation to hit 58% by the end of 2023, its new governor Hafize Gaye Erkan said in her debut news...
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