Latest news and articles about economic-development from NEX English
Oman's Sultan Haitham bin Tariq Al Said has announced a regional peace initiative to end the ongoing conflict in the Middle East. The initiative comes after a meeting with Iranian Foreign Minister Hossein Amir-Abdollahian in Muscat. The move aims to reduce tensions and promote a peaceful resolution to the conflict.
Saudi Arabia has seen a 25% increase in the number of manufacturing facilities in 2025, making it the top performer in the region in terms of industrial development. This growth is part of the government's efforts to achieve economic and social development in the country. The number of manufacturing facilities in Saudi Arabia has reached 500 in 2025, up from 400 in 2020.