Tourism is a major contributor to the Kingdom's economic diversification efforts, the IMF notes in its 2024 Article IV Consultation...
The council aims to align its focus with Saudi Arabia’s Vision 2030 and the economic agendas of Eastern European countries,...
The regulations came into effect after the minister of tourism Ahmed Al-Khateeb signed on a ministerial decree, making it easier...The regulations came into effect after the minister of tourism Ahmed Al-Khateeb signed on a ministerial decree, making it easier to visit the oil-rich kingdom
The ministerial decree removes the requirement of many would-be visitors to attend their country's embassy before entering Saudi Arabia
Saudi women, who had begun with small projects, are now creating startups and setting up factories, highlighting drastic change in...Saudi women have achieved exceptional success through entrepreneurship, particularly with the change in the business environment.
The goals of Vision 2030 are not limited to increasing entrepreneurship but also increasing women's participation in economic fields.
- As the world economy struggles to recover from the after-effects of the pandemic, financial markets are more volatile than ever.
Global investors need to factor in how demand and supply chains will impact trade around the world
The ongoing stop-and-start recovery from COVID has also disrupted global supply chains, leading to more instability in economies all around the globe
The bank took this step to promote the Regulatory Sandbox's involvement in the Financial Sector Development Program (FSDP), one of...The bank took this step to promote the Regulatory Sandbox's involvement in the Financial Sector Development Program (FSDP), one of the key objectives of the Saudi Vision 2030
The Central Bank pointed out that the updated framework of the Regulatory Sandbox is open for both local and international applicants
The growth in total bank deposits was due to the rise in resident deposits by 2.6% and non-resident deposits by...The apex bank said that gross credit grew from $507.93 billion in May 2022 to $508.12 billion in June 2022
Total bank deposits increased by 2.5%, climbing from $555.61 billion in May 2022 to $569.61 billion in June 2022
Energy Minister Saad al-Kaabi said the plant would cost $1.2 billion and start production in early 2026. State-owned Qatar Energy,...The foul-smelling chemical is being touted by gas-producing nations such as Qatar as an alternative to hydrogen
Japan is already looking into using ammonia to power former coal fired electricity generators
- Banks in the UAE held a 22.4 percent market share of the assets in the Arab banking sector, followed by...
The A&M research investigates size, liquidity, income, operating efficiency, risk, profitability, and capital of financial institutions.
A 19.5 percent rise in total interest income saw the banks post a net income growth of 24.4 percent.
Driven by soaring energy prices caused by Russia's invasion in Ukraine, the yearly inflation rate in the 19-country single currency...The president of Germany's powerful federal central bank, Joachim Nagel, immediately declared that the ECB should plan for a "strong rise in interest rates for September".
France, which has moved to cap energy prices saw the lowest rate within the eurozone, with 6.5 percent in August, according to Eurostat.
The fiscal situation, high political, security and social tensions, rising inflation, movement and access restrictions and an unfinished structural agenda...The Palestinian Authority and Israel disagree on the amounts of revenue that the latter should transfer to the former, the statement said.
The IMF team said that overcoming these challenges will require ambitious reforms spanning several years of cooperation between PA, Israel and donors.
- The Central Bank of the UAE (CBUAE) has imposed sanctions on the owner and general manager of an exchange house...
According to a CBUAE statement, the sanctions came as a result of the examination conducted by it, revealing that the exchange house had rented out its license
The CBUAE also prohibited the general manager from undertaking any designated function at any licensed financial institution in the country
