Economy

IMF

For the Third Time in 9 Months, IMF Raises Saudi Growth Forecast

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The International Monetary Fund on Monday raised its growth forecast for the Saudi Arabian economy on the back of higher oil prices.

INVESTMENT

Report: Saudi to Invest $10b in South Africa’s Economy

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Saudi Arabia will invest at least $10 billion in South Africa, mostly in the energy sector, including building oil refineries, Reuters reports, citing the spokeswomen for South Africa’s president Cyril Ramaphosa said on Thursday.

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