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Press Dossier   By Date  08/11/2023
Saudi exports set to surge as certificates of origin rise by 12% in October
Saudi exports are expected to gain momentum with a 12 percent increase in certificates of origin issued in October, indicating that more businesses will now contribute to international trade.
Closing Bell: Saudi main index steady at 10,946; Nomu slips
Saudi Arabia’s Tadawul All Share Index held steady on Tuesday, shedding just 2.89 points, or 0.03 percent, to close at 10,945.97.
SPPC signs two purchase agreements for solar PV projects
Two major solar photovoltaic projects with a total capacity to power 265,000 homes a year have been announced by Saudi Power Procurement Co.
GAMI reaches deal to support mergers in defense sector
Localization in Saudia Arabia’s defense manufacturing industry has received a boost after the General Authority for Military Industries signed an agreement to help mergers with private firms in the sector.
Oman sees hotel revenue rise by 26.4% thanks to European-led tourist surge
European travelers to Oman helped fuel a 26.4 percent rise in hotel revenue in the first nine months of 2023, official data has revealed.
Abu Dhabi Ports bolsters offshore fleet with $200m vessel acquisitions
Terminals operator Abu Dhabi Ports Group will boost its offshore and subsea capabilities by around 20 percent after acquiring 10 vessels for $200 million.
Egypt’s Suez Canal signs $15.6bn deal for green hydrogen manufacturing
Egypt’s Suez Canal Economic Zone has signed a $15.6 billion agreement with prominent Chinese companies to boost green fuel manufacturing initiatives.
Saudi Arabia explores real estate technologies to diversify national income
Saudi Arabia is looking at opening new markets that diversify national income through real estate technologies, said a top government official.
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