Riyadh, Saudi Arabia - The International Monetary Fund (IMF) has revised its growth projections for Saudi Arabia's economy, revealing a...
The sector witnesses a shift towards personalized and precision medicine, underscored by healthcare's significant digitization and data generation, says a...
In a country suffering from one of the worst economic crises in the world, this could effectively raise prices for...The central bank on Wednesday ended subsidies on imported fuel, and instead offered importers a line of credit
Caretaker Prime Minister Hassan Diab said the move ‘contravenes the law’
US national security adviser Jake Sullivan has criticized the world's major oil producers over their production speed.The US believes lower oil prices resulting from slower pumping would be detrimental to a global economic recovery
As such, it has said it is engaging with ‘relevant OPEC+ members’ to urge them to extract more oil
Under new Covid-19 directions for tourism sector, the number of participants in community events has been increased to 2,500 for...The number of participants in community events increased to 2,500 for indoor activities and 5,000 for outdoor functions with no mandatory vaccination.
Recreational and entertainment destinations such as museums, cinemas, exhibitions and tourism spots may increase their capacity to 80 percent.
The operational performance shows positive signs that travel will recover at a fast pace after eased restrictions come to effect...The operational performance shows positive signs that travel will recover at a fast pace after eased restrictions come to effect by the middle of Q3 2020
The airline registered a net loss of KD6.5 million for Q2 on account of the higher costs due to increased operations and higher fuel prices
This is part of its strategy to become a global trade enabler.DP World will connect companies needing trade finance solutions with financial institutions on its Cargoes Finance platform
The platform will disseminate trade data to financial institutions, so they can assess credit and compliance risks
This new move could make Saudi Arabia appear more expat-friendly as the nation looks to project itself as a regional...Interested individuals may use Saudi Arabia's Absher platform to go about acquiring property in the country
However, they will have to fulfill conditions, like having a valid and ongoing residency permit in the country
The Saudi Cabinet, however, reiterated its solidarity with the country whose people are looking at a deepening economic crisis.Lebanon’s economic crisis has been described by the World Bank as one of the 10 worst of its kind since the mid-1800s
The World Bank also said the crisis has the potential to be among the top 3 of all time
The Saudi Central Bank or SAMA has launched two programs to augment Islamic banking through research and translation, local reports...They are the Islamic Finance Research Support Program and the Islamic Finance Research Translation Program
Both programs are expected to offer cash prizes for the best research papers in various categories
Following a 2018 reform in the Kingdom that allowed for a first time the 100 percent foreign ownership of companies,...In none of the quarters since 2005 has such a number of licenses been issued, according to Saudi investment ministry.
Manufacturing sector accounted for the bulk (114) of new licenses issued followed by e-commerce and construction (78 each).
- The UAE is the highest ranked in the region, and the fourth country globally, in terms of overall global connectedness.
Ranks third among the world’s seven regions and is well above the global average.
UAE is the highest ranked in the region, and the fourth country globally, in terms of overall global connectedness.
