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Saudi Arabia Studies Fisheries Investment Project in Somalia
The Saudi General Authority for Foreign Trade (GAFT) had filled in the Kingdom’s private sector on available opportunities in Somalia and provided it with a detailed study for fishery investments in the republic, sources added. For its part, Somalia reported that it has many comparative advantages, boasts the largest seacoast in Africa, and ranks first in exporting livestock and fish.
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Saudi Arabia’s PIF raises stake in U.S. game maker Activision by 13.3 percent
The Public Investment Fund (PIF) bought 4.4 million shares in the video game maker in the second quarter, according to a Securities and Exchange Commission filing. PIF, which did not immediately respond to a comment request on the filing, is at the centre of Saudi Arabia's plans to transform the economy by creating new sectors and diversifying revenues away from oil.
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Saudi Arabia calls on Taliban to preserve lives, property
A statement issued by the Saudi foreign ministry on Twitter added that the kingdom "stands with the choices that the Afghan people make without any interference," expressing hope that the situation in the central Asian state stabilises as soon as possible.
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Mass job terminations hit hundreds of Yemenis in Saudi Arabia
Abdulrahman Tayeb, a Yemeni doctor, was shocked when his hospital in southern Saudi Arabia told him his contract would not be renewed, leaving him with a difficult choice: go home to a nation at war or try to find work in another country. He is not alone. Hundreds of medical staff, academics and other professionals in the kingdom's southern region bordering Yemen have in recent weeks been told they are being let go, several Yemenis told Reuters.
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Saudi stock market index records highest closing since January 2008
When asked about the market’s positive movement, Faiz Alhomrani, an independent financial analyst, told Arab News that the trend was likely to continue. “We may see the index hitting levels of 11,800-11,900,” he said.
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Saudi Arabia confirms 13 COVID-19 deaths, 542 new cases
Saudi Arabia recorded 13 new COVID-19 related deaths on Sunday, raising the total number of fatalities to 8,412. The Ministry of Health confirmed 542 new cases reported in the Kingdom in the previous 24 hours, meaning 538,525 people have now contracted the disease.
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Inflation in Saudi Arabia rises by 0.4% in July, VAT impact seen waning
A report released by the Saudi General Authority for Statistics said today, Sunday, that the effect of the value added tax hike from 5% to 15% has vanished and no longer affects the annual change in the index. .
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Saudi Arabian Football Federation’s regional training centers open doors to aspiring female players
The centers provide three age categories for those wishing to join: Under 13, under 15 and under 17.
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Startup of the Week: Azom – The New Smartphone Player in the Saudi Market
The first Android smartphone provided by a Saudi startup is available today not only in the kingdom but in Oman too! It comes in three modern colors: the Wara Black, the Gray Concrete, and Cream Dahna.
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Saudi media group SRMG profit jumps 62% to $60.3m in H1 2021
The company, which owns more than 30 major media outlets including Asharq Al-Awsat, recorded a net profit of SR226.1 million ($60.3 million) in the first six months of the year, up from SR140 million in the same period in 2020.
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