Saudi King and Crown Prince Condole Kuwait
In a heartfelt gesture of solidarity, Saudi Arabia’s King Salman and Crown Prince Mohammed bin Salman expressed their deepest condolences to the Emir of Kuwait on Monday following the passing of Sheikh More »
Putin and Abbas Discuss Gaza Crisis
Russian President Vladimir Putin is set to meet with Palestinian President Mahmoud Abbas on Tuesday during Abbas’ visit to Russia. Arriving on Monday, Abbas aims to discuss the ongoing Gaza conflict with More »
Saudi Arabia Voices Strong Support for Gaza Peace Initiatives
Saudi Arabia has firmly aligned itself with the recent joint statement made by President Joe Biden of the United States, President Abdel Fattah El-Sisi of Egypt, and Sheikh Tamim bin Hamad Al-Thani, More »
Saudi Crown Prince, US Secretary of Defense discuss troop deployment
:: Saudi Arabia’s Crown Prince Mohammed bin Salman received a phone call on Wednesday from the US Secretary of Defense during which they discussed ongoing arrangements to send US troops of a More »
Saudi Energy Minister confirms restoration of Kingdom’s gas production capacity
:: Saudi Arabia’s Minister of Energy confirmed on Wednesday the restoration of production capacity, affirming the Kingdom’s position as a reliable energy supplier in the global market. The energy minister, Prince Abdulaziz More »
Tag Archives: Economy
Iran’s Khamenei calls on securing ‘businesses’ amid economic protests
:: Iran’s supreme leader is urging the country’s judiciary to take measures to secure people’s “businesses and lives” amid economic protests that have struck the capital, Tehran. Ayatollah Ali Khamenei said during a meeting with judiciary officials on Wednesday that
Trump focused on ‘strong’ fundamentals amid market sell-off
:: The White House said Monday that President Donald Trump was focused on the long-term health of the economy, claiming the fundamentals were “exceptionally strong,” despite a strong market sell-off. Wall Street stocks endured a brutal first session of the
Saudi Arabia, Egypt agree to boost parliamentary friendship committee
:: Saudi Arabia and Egypt have agreed to develop the role of the Saudi-Egyptian Parliamentary Friendship Committee via more mutual visits and coordination on regional and international issues. This was announced after a meeting in Riyadh between Abdullah Al-Asheikh, Shoura
Thousands take part in Morocco mass protest after coal mine deaths
:: Thousands of protesters in northeastern Morocco on Wednesday called for “jobs and development” in the fourth day of mass protests since two miners died in a shuttered coal pit. “No to marginalization,” cried the mostly young demonstrators in the
King Salman orders $19 billion stimulus for Saudi Arabia’s private sector
:: King Salman on Thursday issued a decree allocating 72 billion Saudi riyals of stimulus funds to support the Saudi private sector. The package aims to boost the role of the private sector in light of economic reforms to diversify
IMF: Gulf States still committed to VAT but dates will vary
:: All six countries in the Gulf Cooperation Council remain committed to introducing value-added tax, though they will do so at different speeds, a senior International Monetary Fund official said. “My feeling, through my interaction with the authorities, is that
Palestinian PM, Israeli minister discuss economic ties
:: Palestinian Prime Minister Rami Hamdallah `met Sunday with Israeli Finance Minister Moshe Kahlon to discuss strengthening economic ties between the two sides. US President Donald Trump’s special Mideast envoy Jason Greenblatt tweeted Monday that the meeting in Ramallah yielded
‘Saudi Now’ markets and economics app launched
:: Thomson Reuters has launched the “Saudi Now” application aimed at financial professionals seeking markets and economics data on Saudi Arabia. The launch was announced at the Future Investment Initiative organized by the Public Investment Fund in Saudi Arabia. The
Saudi Aramco IPO on track for second half of 2018, CEO says
:: Saudi Aramco’s initial public offering will take place in the second half of 2018, CEO Amin Nasser said Monday, dismissing reports that the oil giant’s plans could be shelved. “We have always said that we will be listing in
Financial crisis forces Qatar to sell UACC, but Saudi Arabia owns the decision
:: Qatar’s crisis is holding up the sale of a shipping company it part owns, one of the latest signs of an emerging corporate fall-out that Doha is facing after Arab countries cut relations in June, sources familiar with the
IMF’s Lagarde: World must ‘seize the opportunity’ of global recovery
:: International Monetary Fund chief Christine Lagarde said Thursday a worldwide economic recovery is taking hold, opening a window for countries to enact reforms aimed at attaining broader, lasting prosperity. “The long-awaited global recovery is taking root,” she said in
Overhaul of Pakistan’s communications framework on the cards, courtesy China
:: Pakistan’s communications framework is set to undergo a radical overhaul as a result of Beijing and Islamabad envisioning their Long Term Plan (LTP) for the China-Pakistan Economic Corridor. According a Dawn news report, the most critical component of this
Qatar continues selling its properties, are Barclays and Glencore stocks next?
:: As the Anti-Terror Quartet countries’ boycott of Qatar continues, so does Doha’s economic deterioration. Qatar is being forced to sell more assets and make new arrangements to ensure sufficient liquidity to support its domestic market, leading the country’s sovereign
Egypt’s non-oil business activity hits three-month low
:: Egypt’s non-oil private sector business activity shrank at its sharpest pace in three months in September amid contractions in new orders and outputs, but companies were optimistic that growth will pick up in the coming year, a survey showed
Turkey’s Erdogan says high interest rates fuel inflation, prevent investment
:: Turkey has not been able to lower inflation because of high interest rates which were at levels that discouraged investment, President Tayyip Erdogan said on Tuesday, reiterating his unorthodox view on the link between rates and inflation. “We still
India’s flagging economy draws dire warnings of recession
:: Prime Minister Narendra Modi came to power on a euphoric wave of promises to boost India’s economy, add millions of jobs and bring “good times” to the developing nation. Three years later, India’s economic prospects look decidedly grimmer. India’s
World Bank arm to invest $150 million in Egypt’s agriculture sector
:: International Finance Corporation (IFC) has agreed to invest $150 million (SR562.5 million) in Egypt’s agriculture sector in partnership with the country’s private sector, UAE state news agency WAM reported late Saturday. The investment aims at developing the country’s nutrition
Moody’s downgrades UK’s rating on Brexit
:: Ratings agency Moody’s downgraded Britain’s credit rating by a further notch on Friday, saying the government’s plans to fix the public finances had been knocked off course and Brexit would weigh on the economy. Moody’s, which was the first
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