The eurozone entered into a technical recession at the start of the year, shrinking by 0.1 percent for a second consecutive quarter, figures from the EU's statistic agency showed. Eurostat revised down an earlier forecast that had predicted slight growth, after economic powerhouse Germany said last month it had fallen...
Saudi GDP surges 12.2% in Q2, surpassing estimate
The real gross domestic product (GDP) of Saudi Arabia has jumped 12.2 percent in the second quarter of 2022, exceeding the government estimate of 11.8 percent. The kingdom, the world’s top oil exporter, has richly benefited from high crude prices and a significant post-pandemic recovery.
Bahrain makes second booster jab available for people aged 60 and above
Bahrain has made a second Covid-19 booster shot available by choice for adults aged 60 years and above and frontline medical professionals. The National Medical Taskforce for Combatting the Coronavirus said the eligible individuals may receive any vaccine as a second booster shot, three months after receiving the first booster...
Low turnout as Lebanese mark two years of protests
Lebanon marked the second anniversary of its defunct protest movement with a low-key demonstration in Beirut Sunday, while many stayed away amid grinding economic woes and deadly tensions over a port blast probe.
Salaries of Saudi staff leap up 5.2 percent in Q2, expats earned lesser
Average monthly salaries of Saudi workers have grown by 5.2 percent to SAR 10,490 during the second quarter of 2021, compared to SAR 9,970 in Q2-20.
Inflation eases in Saudi Arabia, lowest in 14 months
Inflation in Saudi Arabia is on the decline for the second month consecutively, dropping to the lowest level since June 2020.
Prices of Dubai villas go through roof
Prices of villas and apartments have leaped up in Dubai by as much as 27 percent in the second quarter of this fiscal, with a clear recovery in the UAE’s real estate sector, battered by a sluggish demand for years.
Saudi banks net profit up to $2.94bn in Q2
In a sign of economic rebound in Saudi Arabia, banks in the kingdom are reporting better than expected financial results for the second quarter, after a slump in business during the Covid pandemic.
Aramco likely to post bumper profit for Q2
Aramco is expected to post a bumper profit for the second quarter of this fiscal on the back of high price of crude. This is the assessment of various analysts before the oil-giant discloses its financial results on Sunday.
Saudi Arabia to allow only 60,000 pilgrims from kingdom to perform Hajj
More than two million people converge from around the world to perform the Hajj It will be for the second consecutive year that only Saudis will go to the two holy cities Saudi Arabia will allow no more than 60,000 people, from the kingdom alone, to perform the...
Saudi Arabia is 2nd in Global Cybersecurity Index
The kingdom also ranked first in the Arab world, Middle East, Asia Cybersecurity authority said it would continue efforts to make Saudi cyberspace safe Saudi Arabia has ranked second among 193 countries on the Global Cybersecurity Index, issued by the International Telecommunication Union, a specialized agency of the United Nations,...
