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Saudi Trade Balance Records a Monthly Surplus of $7 7 Bn

The Saudi trade balance achieved a surplus of $7.7 billion in May, for the 36th consecutive month, as merchandise exports declined to $25.8 billion, compared to imports worth $18.1 billion. The General Authority for Statistics (GASTAT) revealed that non-oil exports, including re-exports, increased 23.9 percent compared to April 2023. The International Trade in Services survey for May 2023 showed a drop in merchandise exports by 32.1 percent from the same month in 2022, amounting $25.8 billion, down from $38.1 billion.

COP28 President Calls On All Countries to Join Global Cooling Pledge in the lead up to COP28

UAE Calls on All Countries to Join Global Cooling Pledge

Dr. Sultan bin Ahmed Al Jaber, the United Arab Emirates’ Minister of Industry and Advanced Technology, and COP28 President-Designate, urged countries to join the global cooling pledge, a partnership between the United Nations Environment Program (UNEP) and the COP28 Presidency, announced earlier in the year.

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