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The U.S. dollar is weak in the upper 155 yen zone in Tokyo after the chief of the U.S. Federal Reserve said it is unlikely to raise interest rates, while another suspected yen-buying intervention by Japan also pushed the yen higher. ....
RIYADH: Saudi Arabia is open to providing up to 75 percent of financing for certain industrial projects, a minister has revealed in a bid to incentivize foreign investment and private sector players. During his discussion with several Qatari investors on the sidelines of the 52nd meeting of the Gulf Cooperation Council Industrial Cooperation Committee in Doha, Bandar Alkhorayef, the Kingdom’s minister of industry and mineral. ....
Japan holds substantial dollar reserves, but if depleted, it might resort to selling U.S. bonds, though other measures would likely be considered first. ....
RIYADH: Ahmed Al-Eyada, the undersecretary at the Ministry of Environment, Water and Agriculture, witnessed the signing on Tuesday of a cooperation agreement between the National Agricultural Development Company, and Delphy, a global company specializing in agricultural services. The agreement aims to build capabilities, boost skills, and transfer agricultural technologies, in line with the objectives of Saudi Vision 2030.. ....
JEDDAH: The Saudi Arabian Society for Culture and Arts has launched an exhibition in Jeddah showcasing 25 artworks exploring the link between science and art. Fifteen female students from King Abdulaziz University presented their paintings, sketches and other projects at the opening of the Sci-Art exhibition. (AN photo). ....