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WTO Hopes to Restore Confidence in Multilateral Trading System

Trade ministers from World Trade Organization (WTO) member nations convened in Abu Dhabi on Monday for the 13th Ministerial Conference (MC13) with a shared aspiration: to forge a path toward revitalizing confidence in the global commercial framework. WTO Director-General Ngozi Okonjo-Iweala lauded the remarkable adaptability of the multilateral trading system, asserting that it has demonstrated resilience in the face of formidable global obstacles. ....

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Saudi Source Denies Meeting Held between Minister of Commerce and Israeli Official

A Saudi source denied on Monday social media posts about a meeting being held between Commerce Minister Dr. Majid al-Qasabi and an Israeli official. In a statement, the source referred to a video showing Dr. al-Qasabi and an Israeli official at the World Trade Organization's (WTO's) 13th Ministerial Conference (MC13) in Abu Dhabi. The source said the video was filmed as Dr. al-Qasabi was standing alongside his Nigerian counterpart ahead of the opening of the conference. ....

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Saudi Arabia Underscores Women's Role in Real Estate, National Development

The Real Estate Future Forum 2024 discussed on Tuesday women's prominent societal role that is significantly impacting real estate through purposeful planning for the required change. On its second day, the Forum reviewed the positive transformations in the Kingdom's housing sector and its plan within Saudi Vision 2030. It underlined the role of programs and financing solutions for housing support that have allowed more than 755,000 beneficiaries to sign financing contracts that have totaled more than $124 billion. ....

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Al-Qasabi: Over 70% of Saudi Investor Problems in Egypt Have Been Resolved

Saudi Minister of Commerce Majid al-Qasabi said more than 70 percent of the problems facing Saudi investors in Egypt have been solved. Egypt’s Prime Minister Mustafa Madbouly received a Saudi delegation led by the Saudi Minister and included Chairman of the Saudi-Egyptian Business Council Bandar al-Amiri, several Saudi businessmen, Minister of Trade and Industry Ahmed Samir, CEO of the General Authority for Investment and Free Zones (GAFI) Hossam Heiba, and Ambassador Osama al-Nugali. ....

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