Al-Jaghbeer: The Industrial Sector Leads Economic Growth
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Ras Al Khaimah welcomed over 654,000 visitors in the first half of 2025, marking a 6% growth in arrivals and a 9% increase in tourism revenues. The growth is backed by a comprehensive investment framework and a five-year plan to attract 3.5 million visitors annually.
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Currency exchange companies in Aden, Taiz, and Marib ended a one-day strike and resumed their banking activities after protesting media campaigns targeting the sector, with fixed dollar buying and selling prices announced.
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Damascus Hospital, in cooperation with Doctors Without Borders, honored 19 resident doctors excelling in the Syrian Board, recognizing their scientific and professional contributions in medical services.
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ADNOC Logistics & Services' institutional offering saw demand nearly seven times the target, boosting share liquidity and expanding its shareholder base in the Abu Dhabi Securities Exchange.
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The Syrian Ministry of Finance has announced measures to facilitate retirees' salary payments, including scheduling transfers, raising daily ATM withdrawal limits, and accelerating network integration between banks, money transfer companies, and Sham Cash to ensure timely payment.
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TerraPay and OMT announced a strategic partnership to launch a cross-border financial solution supporting Lebanese businesses, enabling instant money transfers and transaction tracking through a secure online portal, compliant with international standards.
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The Exchange Office announced that the United Arab Emirates became the top investor in Morocco in 2024, holding 18.9% of net foreign direct investment inflows, with UAE investment flows rising 57.8% to 3.1 billion dirhams.
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The General Authority for Statistics signed a Memorandum of Understanding with Oman's National Center for Statistics and Information to enhance cooperation and develop statistical work, attended by officials from both sides and the Saudi Ambassador to Oman.
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A recent report shows that implementing white land fees in Riyadh will increase the supply of large lands and reduce prices of undeveloped lands by up to 10%, with a notable rise in real estate transactions and development partnerships over the coming years.
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Mohammed bin Rashid approved housing allocations for 2,971 citizens worth over two billion dirhams, with 1,099 beneficiaries during the third quarter of this year, as part of the UAE's efforts to develop its housing system.
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