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SAUDI ARABIA RECESSION
About 19 million from India and several other countries migrated to Gulf countries since 2010: StudyA new study reveals that approximately 19 million people have migrated from India, Pakistan, and Bangladesh to the Middle East since 2010, ...- Putin's 'Russian Davos' opens with US guests as economy slows and war drags onRussia hosts its premier investment forum in Saint Petersburg. The event includes prominent figures from the United States and Germany. Thi...
- Global Market Today: Asian shares slip, oil prices pile pressure on bondsAsian markets declined Monday. Drone attacks in the Gulf boosted oil prices and bond yields. Investors anticipate Nvidia's earnings report ...
- Strait of Hormuz crisis to lead Gulf region into recession? Global diplomacy and rising tensions shape Gulf outlookStrait of Hormuz crisis to lead Gulf region into recession? The Gulf region faces rising tensions after attacks, shipping restrictions, and...
- Modi's Saudi Arabia visit: Riyadh eyes larger share of oil exports, refinery investmentPrime Minister Modi's Saudi Arabia visit aims to strengthen energy ties, with Saudi Arabia seeking to increase crude supplies to India amid...
- Why assassination fears are haunting Saudi Crown Prince Mohammed bin SalmanSaudi Crown Prince Mohammed bin Salman is worried about his safety if he proceeds with normalizing relations with Israel without clear conc...
- Saudi Crown Prince Mohammed bin Salman's fear of assassination looms over Israel normalisation talksSaudi Crown Prince Mohammed bin Salman has expressed fears about assassination risks associated with normalising relations with Israel, emp...
- Boris Johnson calls for joint effort on energy market security in UAE talksJohnson met the prince on the first stop of a visit to the Gulf as part of efforts to secure more oil supplies and increase pressure on Pre...
- Saudi Arabia FDI up in first half of 2020 as economy shows resilience: Investment MinisterThe Saudi government, which is hosting this year's G20 summit, has made attracting greater foreign investment a cornerstone of its Vision 2...
- Saudi Arabia plans to launch special economic zones in 2021: MinisterSpeaking to a G20 panel, Falih also said the kingdom's Vision 2030 plan to diversify the economy away from oil was more popular today than ...
- Saudi Arabia imposes new tax on property deals, exempts them from VATThe kingdom's finance minister said on Twitter that the order, which was carried on state media, aimed to help spur economic growth and pro...
- Saudi Arabia's oil exports plunge by nearly $12 billion year-on-year in MayCompared with April, total exports - including non-oil exports of goods such as chemicals and plastics - decreased by 1.6%, or about $160 m...
- Saudi Arabia triples taxes, cuts $26B in costs amid pandemicSaudis tripled taxes on basic goods and cut spending by $26 billion to stave off a Covid impact.
- Oil gains as hopes rise for production cut amid coronavirus outbreakBrent crude was up by 73 cents, or 2.2 per cent, at $33.78 a barrel after falling more than 3 per cent on Monday.
- Crude reality: Price crash means oil firms must slash spendingThe main US benchmark, WTI, tumbled from nearly $54 to just over $20.
- Saudi Arabia may be sowing seeds of an oil crashHistory suggests that we are due for a recession at some point in the not-so-distant future.
- Saudi Arabia mulls more fiscal expansion in 2018 to spur economyThe biggest Arab economy contracted two quarters in a row this year after the kingdom cut its crude output to support prices.
- The remaking of Saudi Arabia: This time it can’t afford to failCrown Prince Mohammed bin Salman is trying to convert Saudi Arabia a major economy reliant on petrodollars into one that can survive in a p...
- Oil prices higher in Asian tradeOil prices were higher in Asian trade on Tuesday as concerns over tight supplies overshadowed the impact of a move by oil kingpin Saudi Ara...
- Saudi Arabia readies $100-bn oil warchestSaudi Arabia will invest $100bn in the energy sector to meet rising global demand, according to Muhammad Al-Jasser, vice-governor, Saudi Ar...
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