Al-Jaghbeer: The Industrial Sector Leads Economic Growth
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TAQA and its partners have completed a financing deal to build two new power plants in Saudi Arabia with a combined capacity of 3.6 GW, involving an investment of approximately $4 billion and contracts with global engineering and operation firms.
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For the first time since 1996, gold has surpassed US Treasury bonds in global central bank reserves, with its price rising over 28% in 2025 supported by rate cut expectations and geopolitical tensions. Gold is becoming a key strategic asset amid an unstable economic environment.
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Gulf countries are undergoing a strategic shift by redirecting oil revenues into massive artificial intelligence investments worth $3.2 trillion over the next four years, led by Saudi Arabia, the UAE, and Qatar.
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Dr. Nadia Rashid Al Mazrouei was appointed Vice President of the Supreme Council of the International Pharmaceutical Federation at the annual meeting in Copenhagen, outperforming competitors from the US and India with strong Gulf and Arab support.
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UAE stock markets saw a quick rebound on Tuesday with Dubai's index rising 0.7% to 6010.89 points and Abu Dhabi's index increasing 0.24% to 10034.1 points amid total liquidity of 1.9 billion dirhams.
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Adnoc Gas shares have received positive recommendations from 15 leading financial institutions, reflecting investor confidence in the company’s sustainable growth and strong financial performance in Q2 2025.
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Minister of Labor Mohamed Gabrán announced that the National Wage Council sets the minimum wage, which was approved at 7,000 Egyptian pounds in January. The ministry will conduct inspection campaigns to ensure compliance across private sector companies.
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Brent crude slightly declined while US West Texas Intermediate rose in Asian trading amid anticipation of the upcoming OPEC+ meeting. The market monitors the impact of US sanctions on Iranian oil smuggling and a drop in US crude inventories.
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For the first time in nearly three decades, central banks' gold reserves worldwide have surpassed their holdings of U.S. Treasury bonds, reflecting declining confidence in the dollar and signaling a new global economic shift.
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Advisor Mohamed Al-Homsani announced that the tourism sector will occupy a large part of the direct Qatari investments valued at 7.5 billion dollars, with the government soon revealing details of investment agreements aimed at attracting Arab investments.
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