The central bank's second-to-last rate meeting of the year is taking place against the backdrop of a weeks-long standoff between...
The international benchmark contract, Brent North Sea crude, jumped 4.8 percent while West Texas Intermediate was up 5.1 percent. Trump on Wednesday announced...
Riyadh, Saudi Arabia--Jasem Mohamed Albudaiwi, Secretary General of the Gulf Cooperation Council (GCC), held a virtual meeting with ministers from...The GCC secretary-general said that food security in the GCC countries receives great attention from the leaders of the GCC countries
He lay stress on involving all sectors of Gulf society, including the government, private sector, and civil society, to tailor the strategy
In the Gulf countries, a transformative journey toward healthy aging is underway, fueled by technological advancements and government initiatives, says...In the Gulf countries, a transformative journey toward healthy aging is underway, fueled by technological advancements and government initiatives, says an expert.
With the UAE leading in longevity research and AI revolutionizing healthcare, the region is on a promising path to ensure longer, healthier, and more fulfilling lifespans.
DOHA, QATAR - The total number of inbound visitors to the country reached about 519 thousand in December 2023, recording...Qatar Monthly Statistics bulletin said the highest number of visitors was from the Gulf Cooperation Counci at 33 percent.
According to the bulletin, the total number of registered new vehicles in December 2023 has reached 3,390 new vehicles.
Riyadh, Saudi Arabia - Saudi Arabia has revised the regulations of its Privatization Law, setting the minimum limit for a...The amendments consist of 169 articles covering principles of privatization, minimum project values, and criteria for applying the system to privatization projects
Saudi Arabia initiated the privatization program in 2018 to boost the national economy, enhance the private sector's role, and allocate government assets efficiently
Vienna, Austria - The OPEC Fund for International Development allocated US$1.7 billion across 55 projects globally in 2023, providing funding...The largest share in last year’s lending program was dedicated to policy-based-lending (31 percent).
The transport and storage sector received the major share of OPEC Fund’s support (14 percent)
Riyadh, Saudi Arabia - The Saudi Central Bank Governor (SAMA) Ayman Al-Sayari discussed the recent developments in central banking and...Several events were organized on the sidelines of the visit including a high-level panel discussion titled “Interconnectedness and Increasing Capital Flow.”
In addition, a seminar on "Women’s Empowerment within Central Banks” was conducted and featured speeches by SAMA’s governor and the ECB president
Erkan resigned just a week after completing a historic series of interest rate hikes that have pushed the baseline rate...Fatih Karahan's appointment follows the resignation of Hafize Gaye Erkan after less than a year in office over a media scandal involving her family
The reshuffle appears to keep in place Erdogan's newfound commitment to market economics following years of financial turmoil
- Riyadh, Saudi Arabia - The International Monetary Fund (IMF) has revised its growth projections for Saudi Arabia's economy, revealing a...
The IMF envisions a 3.1% global economic growth in 2024, followed by a further increase to 3.2% in 2025
The upgraded forecast reflects the continuous economic growth and prosperity in the Kingdom
- Dubai, UAE – The United Arab Emirates is the most popular country for international talent seeking employment visas, a report...
France, the United Arab Emirates, India, Turkey, and the United Kingdom were the top destinations for UAE recruiters.
This trend underscores the UAE's commitment to fostering a diverse and vibrant multinational workforce.
BEIJING, CHINA - China's economic slowdown is likely to persist in the coming years as the Asian giant struggles with sagging...The world's second-largest economy last year saw some of its slowest growth in decades
A debt crisis in the property sector added to geopolitical tensions and weakening global demand.
