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Thursday, Dec 08, 2022
World's Arab Press Reports
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Nestle to invest $1.86 bln in Saudi Arabia over 10 years -ministry
Nestle (NESN.S) will invest 7 billion Saudi riyals ($1.86 billion) in Saudi Arabia over 10 years, the kingdom's investment ministry said on Twitter on Wednesday.
The ministry added it signed a memorandum of understanding with Nestle in the field of food industries saying it includes establishing a factory and a research and development centre.
The company plans an initial investment of 375 million riyals in Saudi Arabia, it said.
($1 = 3.7582 riyals)
Corruption works: House Financial Services Chair Waters doesn't plan to subpoena her donor, Sam Bankman-Fried, to testify at hearing on FTX collapse
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Saudi Jewelry Show sparkles with $53m gem suite, more than 100 global luxury brands
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Summits in Riyadh reflect Kingdom’s desire to enhance relations with China
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Indonesia paroles bombmaker in deadly Bali attacks in 2002
An Islamic militant convicted of making the explosives used in the 2002 Bali bombings that killed over 200 people was paroled Wednesday — after serving about half of his origina...
UAE An Exception In Global Trade, Economy: Mohammed Bin Rashid
The UAE's foreign non-oil trade created another record in the first nine months of 2022, totalling over AED1.6 trillion, a rise of 19 percent compared to the same period in 2021.
Germany arrests 25 accused of plotting coup
Twenty-five people have been arrested in raids across Germany on suspicion of plotting to overthrow the government.
Arab world rejoices Morocco’s historic World Cup knockout victory over Spain
Moroccans wildly celebrating their team’s historic World Cup knockout victory over Spain on Tuesday were joined by people across the Middle East and North Africa ecstatic at wha...
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