Al-Jaghbeer: The Industrial Sector Leads Economic Growth
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Egypt's Minister of Petroleum met with the Cypriot Ambassador to discuss strengthening strategic cooperation in mining and energy sectors, with Egypt ready to support gas utilization and link Cyprus's gas fields to Egyptian LNG complexes.
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The Governor of the Central Bank of Syria, Abdel Qader Al-Hassriya, announced that the new Syrian currency will be issued in six denominations free of images and symbols to simplify design and improve cash handling, replacing damaged notes with higher quality ones.
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Minister Bandar Al-Khorayef of Saudi Arabia is visiting Germany to strengthen industrial cooperation and build partnerships for technology transfer and attracting quality investments. The non-oil trade volume between Saudi Arabia and Germany reached 39.07 billion SAR in 2024, with German investments exceeding 14.62 billion SAR.
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The first edition of the Middle East Cosmetics Exhibition 2025 launched at Expo Sharjah, featuring over 200 local and international brands, running for five days until October 12.
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Titer Business School has launched a one-year global Master’s program in Management and Technology targeting young professionals, entrepreneurs, family business heirs, and international students, combining academic study and practical experience in Dubai, China, and Europe.
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The European Union has adopted an exceptional differential treatment decision for Tunisian-origin ready-made garments, boosting Tunisia's exports to the EU for five years starting January 2025.
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Saudi Minister Abdullah Al-Sawaha stated that the Gulf Cooperation Council countries have a historic opportunity to enhance digital integration and partnership in artificial intelligence, based on over four decades of joint cooperation. The Gulf economy has quadrupled to about $2.3 trillion and represents 2% of the global economy and half of the Arab region's economy.
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The Egyptian Exchange weekly report showed an increase in depositary receipt balances for EFG Holding Group and Commercial International Bank, while balances for Madinet Nasr for Housing and Development and Telecom Egypt remained stable. The exchange indices rose collectively with a 15 billion EGP gain in market capitalization.
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Musab Al-Aswad, Director of Syria's Precious Metals Authority, explained that the rise in gold prices locally and globally is due to several factors including the global increase in the ounce price, Federal Reserve interest rate cuts, geopolitical tensions, and increased demand in Asian markets.
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The UAE President and Kuwaiti Emir affirmed their support for all initiatives aimed at a ceasefire in Gaza and achieving comprehensive and just peace based on the two-state solution during their meeting in Kuwait.
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