Author: Steven Sahiounie

The suspension of oil exports in Yemen continues to weigh on the country’s economy, the International Monetary Fund (IMF) said on Thursday.

The deal aims to enhance cooperation in the fields of export and import and explore investment opportunities of common interest

The global challenges have tested the UAE’s resilience, but the aim is to grow the economy at 7 per cent in 2024, said Abdulla Bin Touq Al Marri, Minister of Economy.

During its third meeting of 2024, the committee discussed economic and monetary developments in the Kingdom

In March 2024, the total exports of goods (including exports of goods of domestic origin and re-exports) amounted to around $7.82bln

The Palestinian economy is estimated to shrink by 26.9 percent after seven months of war, with the poverty rate surging, said a new United Nations Development Program (UNDP) assessment released Thursday.

RIYADH: Underscoring international confidence in the Saudi economy, global consulting firm Alvarez & Marsal has become yet another company to have opened its regional headquarters in Riyadh. In a press statement, the US firm stated that the inauguration of the new regional headquarters underscores its commitment to contributing to the country’s transformation agenda. “As the company continues to deepen its roots in the country, with expertise across various sectors — from banking and tax to healthcare and disputes and investigations — this strategic move aims to leverage local insights in the Kingdom to drive sustainable growth and innovation.” the company…

RIYADH: Saudi Arabia’s Capital Market Authority slapped fines to the tune of SR42.9 million ($11.4 million) on 13 investors and others found in violation of the law.

ISLAMABAD: Pakistan expects continued visits by high-level business delegations from Saudi Arabia in the upcoming weeks to further explore investment opportunities facilitated under the Special Investment Facilitation Council, the Foreign Office announced on Thursday.

The Ministry of Foreign Affairs of Iran imposed sanctions on a number of American and British individuals and institutions for their complicity with the Israeli regime in the brutal onslaught against the Gaza Strip. In two statements released on Thursday, the Iranian Foreign Ministry said the sanctions have been imposed in conformity with the “Law on Countering the Violation of Human Rights and Adventurous and Terrorist Activities of the United States in the Region” (2017). It said the designated persons and institutions have been sanctioned for supporting and financing the Zionist regime’s terrorist acts, glorification and supporting terrorism and gross…