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- Saudi Arabia's airports handle record 128 million passengers in 2024
- UAE-bound airfares surge over Dh2,000 ahead of India vs Pakistan cricket match
- Adnoc raises $2.8bn from Adnoc Gas offering on strong institutional investor demand
- Bybit CEO guarantees client funds are safe following record $1.5bn crypto hack
- SADAFCO participates in King Abdulaziz University career fair
- Closing Bell: Saudi main index closes in green at 12,388
- Oil Updates - crude heads for weekly gain on supply jitters
- ADNOC Drilling eyes $1bn in investments, Gulf expansion plans
- King Salman approves Saudi riyal symbol
- Saudi credit card lending surges to $8.4bn amid digital payments boom
20/02/2025 09:36 AST
Netflix said Thursday that it would spend $1 billion over four years producing content in Mexico, in a boost to the government's efforts to attract investment in the face of US tariff threats.
The streaming platform's co-chief executive Ted Sarandos made the announcement at a news conference alongside Mexican President Claudia Sheinbaum, who hailed the plan as a win for Latin America's second-largest economy.
"Mexico is so great that they decided to invest here," she said.
It comes days after Sheinbaum welcomed announced investments by Spain's biggest bank, Santander, totaling more than $2 billion over three years.
Last month, Sheinbaum presented a plan aimed at turning Mexico into the world's 10th-largest economy with an ambitious goal of luring $277 billion of investment.
Her government is trying to avoid the sweeping 25-percent tariffs threatened by US President Donald Trump by increasing cooperation in the fight against illegal flows of drugs and migrants.
The Peninsula
| Index | Closing | Change |
|---|---|---|
| NIKKEI 225 | 36,581.76 | -251.51 (-0.68 |
| DAX | 18,699.40 | 181.01 (0.97 |
| S&P 500 | 5,626.02 | 30.26 (0.54 |
22/02/2025
The chief executive of Dubai-based cryptocurrency exchange Bybit has guaranteed that client funds are safe and available for withdrawal, despite the company suffering a sophisticated hack that is bel
The National
21/02/2025
Regional conflicts have negatively impacted the performance of Middle Eastern countries in this year's Soft Power Index, according to findings by brand and marketing consultancy Brand Finance.
Arab News
21/02/2025
Baker Hughes said oil rigs rose by seven to 488 this week, their highest since September, while gas rigs fell by two to 99.
U.S. energy firms this week added oil and natural gas rigs for a f
Reuters
20/02/2025
The US Federal Reserve building in Washington, DC. Many economists expect Trump's proposals to hike tariffs and deport millions of undocumented workers could stoke inflation
The US Federal R
Khaleej Times
14/09/2024
Federal Reserve officials head into their policy meeting Tuesday closer to their goal of low inflation, but how much they will ease back on interest rates remains an open question.
A week's
AFP
Financial Information Co.
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