Riyadh, Saudi Arabia - The Saudi Ports Authority, Mawani, announced the completion of the Red Sea Gateway Terminal at Jeddah...
The region pins hope on the new Productivity Potential Index that offers a forward-looking framework, incorporating environmental, health, and innovation...
Saudi Arabia might see a contraction in fiscal budget deficit this year, according to Riyadh-based Jadwa Investment.The Kingdom's income from VAT contributed 70 percent of non-oil revenues during the third quarter of 2021
"With Brent oil prices currently trading above $80 per barrel, there is a strong possibility that full year 2021 government oil revenue could surpass our current estimate of SR528
The passage of the infrastructure spending marks a legacy-making achievement for Biden, amid plunging personal approval ratings and a humiliating...Passing the infrastructure package into law required some tricky mathematics
The votes capped months of tense negotiations on Capitol Hill
The agency predicted the Saudi economy will return to positive growth in 2021, and the current account level will return...A stable outlook suggests the financial position and net external assets of the Kingdom remain strong enough to support credit rating
Moody’s also praised the kingdom's fiscal policies as evidenced by policy responses in periods of both low and high oil prices
The unemployment rate also dropped slightly from 4.8% to 4.6%, the lowest since the pandemic.The unemployment rate also dropped slightly from 4.8% to 4.6%, the lowest since the pandemic
Most of the employment growth was in the leisure and hospitality, professional and business services, manufacturing, transportation and warehousing sectors
The primary aim of the plan is apparently to create quality jobs and enhance Bahrain’s economic competitiveness.The Economic Recovery Plan was initiated by the directives of King Hamad bin Isa Al Khalifa
It has since won the approval of the cabinet, which is chaired by Crown Prince Salman bin Hamad Al Khalifa
Compared to the growth of only 0.7 percent in the second quarter of this year, Saudi Arabia's economy is likely...Capital Economics says increases in oil production, along with a loosened fiscal policy, will only boost recovery further.
In mid-October, the World Bank revised Saudi Arabia’s 2022 growth forecast from 3.3 percent to 4.9 percent.
TASI fluctuated during the week, owing to a rise in Aramco shares. The energy giant's net income grew to $30.4...Seven sectors on the Abu Dhabi Stock Exchange gained during the week, led by telecommunications that rose 1.16 percent.
Aramco’s market capitalization has increased by more than 8 percent this year to just over $2 trillion.
Around 60,000 Saudi nationals were added to the kingdom's private-sector labor force under the Saudization program during the third quarter...The number of Saudi nationals in the private sector job market was 1,826,875 in Q3, an increase of 3.41 percent.
Around 65.06 percent of these workers were males and 34.94 percent females.
- Syria's 800,000 richest citizens -- typically high-earners working in the private sector -- will now be exempt from government subsidies...
In a press conference, Syria's Internal Trade Minister, Amro Salem, said that there are segments of society that do not need subsidies
Syria's 800,000 richest citizens -- typically high-earners working in the private sector -- will now be exempt from government subsidies on bread and fuel
Green hydrogen is envisaged to play a significant role in UAE’s domestic strategy to meet the UAE 2050 Net-Zero goals.The roadmap is said to be a comprehensive national blueprint to support domestic, low-carbon industries in the UAE
It is also expected to contribute to the UAE’s net-zero ambition, and establish it as a competitive exporter of hydrogen
