Arabia
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Pakistan-Saudi Arabia talks on Reko Diq mining project near completion: Petroleum minister | The Express Tribune
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Pakistan is nearing the conclusion of negotiations with Saudi Arabia on the massive Reko Diq copper-gold mining project, one of the world’s largest untapped resources, according to Petroleum Minister Dr Musadik Malik. In a statement made on Wednesday, Dr Malik…
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China and Saudi Arabia expected to roll over $9 billion debt for Pakistan | The Express Tribune
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Pakistan is anticipated to secure a rollover of $9 billion in debt from China and Saudi Arabia for the fiscal year 2024-25. In addition, Pakistan is seeking funding for the Diamer-Bhasha Dam project. Sources from the Ministry of Economic Affairs…
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Saudi Arabia to replace all street lights with energy-saving LEDs
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Efforts in line with Kingdom’s target of producing 50% renewable electricity by 2030 and achieving net-zero emissions by 2060. — Construction Week Online/File Saudi Arabia has announced it will change all its streetlights to LED to conserve energy, making it the…
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Saudi Arabia finally secures funding for Neom’s ‘The Line’
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Saudi Arabia to open Neom’s Sinadalah Island in Red Sea by year-end. — Car Blondie/File Saudi Arabia has finally succeeded in securing $2.7 billion for Neom development projects after reports suggested that “The Line” was being scaled back, Construction Briefing…
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Saudi Arabia desperately looking for investors to fund Neom ‘The Line’ project
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The Line turns into a dot as Saudi cuts back project by 98.6%. — Parametric Architecture/File Saudi Arabia is facing difficulties in funding its $500 billion Neom megaproject, which features “The Line” city, Business Insider reported. And now for the…
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Saudi Arabia reiterates commitment to expedite $5bn investment in Pakistan
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Saudi Crown Prince Mohammed bin Salman bin Abdulaziz Al-Saud holding talks with Prime Minister of Pakistan Muhammad Shehbaz Sharif. — SPA The Kingdom of Saudi Arabia (KSA) reaffirmed its commitment to accelerate the initial phase of its $5 billion investment…
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Pakistan eyes $20b in trade with Saudi Arabia | The Express Tribune
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ISLAMABAD: Observing that the current trade volume falls short of expectations, Caretaker Federal Minister for Commerce and Industry, Gohar Ejaz said that Pakistan aims to lift bilateral trade with Saudi Arabia upto $20 billion. Addressing the Pakistan-Saudi Business Forum in…
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Saudi Arabia rolls over $3 billion deposit for another year
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— AFP/File In a major relief to the country’s economy, Saudi Arabia has rolled over $3 billion deposit with the State Bank of Pakistan (SBP) for another year. “The Saudi Fund for Development (SFD) on behalf of the Kingdom of…
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Saudi Arabia extends term of $3b deposit for another year | The Express Tribune
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Pakistan’s central bank on Wednesday reported that Saudi Arabia had extended the period of its deposits worth $3 billion for another year, a move that would help the country maintain its foreign exchange reserves and strengthen its domestic economy. “The…
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China, Saudi Arabia sign 50 billion yuan currency swap agreement
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Saudi Crown Prince Mohammed bin Salman shakes hands with Chinese leader Xi Jinping during the China-Arab Summit in the Saudi capital Riyadh on Friday. — AFP A local currency exchange agreement has been inked by the Saudi Central Bank and…
