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Islamic Development Bank signs 77 deals worth $1.4bn for projects in
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Saudi inflation rate remains unchanged at 2.7% in April: GASTAT
RIYADH: Saudi Arabia’s inflation rate remained unchanged at 2.7 percent in April compared to March 2023, according to the latest report released by the General Authority for Statistics. However, on a year-on-year basis, the Kingdom’s inflation rate continues to rise in line with the global trend, which stood at 2.3 percent in April 2022. The Kingdom’s Consu...
Islamic Development Bank signs 77 deals worth $1.4bn for projects in member countries
RIYADH: In a bid to address the ongoing global crises, the Islamic Development Bank Group signed 77 financing agreements worth SR5.4 billion ($1.44 billion) with 24 member countries as it concluded its annual meeting in Jeddah, the Saudi Press Agency reported. Mohammad Al-Jasser, chairman of the group, said the agreements seek to promote various sectors including health, agric...