Category: Geopolitical
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Azerbaijan’s SOFAZ and Saudi Arabia’s Hassana Forge Strategic Partnership to Explore Investment Opportunities
In a two-step chess move that underscores the growing economic collaboration in the Middle East, the State Oil Fund of the Republic of Azerbaijan (SOFAZ) has entered a Memorandum of Understanding (MoU) with Saudi Arabia’s Hassana Investment Company to jointly explore investment ventures within the Kingdom of Saudi Arabia. The agreement, signed by Israfil Mammadov,…
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Economically Tepid Hong Kong Clinches Joint Investment Fund with the Saudis
Despite Hong Kong’s economy losing speed to its weakest pace in five quarters on weakened exports and spending, the island still project growth. Hong Kong’s economy grew 1.8% in the third quarter 2024 year-on-year, official advance estimates showed. According to the HK government, private consumption expenditure continued to weaken amid changes in residents’ consumption patterns.…