Browsing: Economy

JEDDAH: The Gulf retail giant that owns the rights to operate Starbucks in the Middle East is cutting more than 2,000 jobs amid a massive consumer boycott over the coffee chain’s perceived support for Israel.

The government’s expenditures on the oil and gas sector during the first 9 months of the fiscal year 2023-2024 amounted to 82.4% of the total cost

Previously scorned by economists and politicians, this economy has become the main provider of the needs of the poor, with hundreds of sub-sectors

South Africans will head to the polls on May 29, amid high unemployment and widespread disillusionment with the ruling African National Congress (ANC)

Most stock markets in the Gulf ended lower on Tuesday on falling oil prices as China’s economic reforms underwhelmed investors, although the Saudi index bucked the trend. Crude prices – a catalyst for the Gulf’s financial markets – slipped for a second day as concern over China’s plan for growth and uncertainty over the pace of U.S. interest rate cuts offset the prospect of a tighter market due to continued OPEC+ supply restraint.

Dr. Anwar Al-Mudhaf, and Assistant Foreign Minister Ambassador Sadeq Maarafi, Kuwaiti Ambassador to Britain Bader Al-Awadhi

The conference, overseen by Kuwait Direct Investment Promotion Authority, comes at a time where relations are undergoing continuous improvements

Egypt’s M2 money supply rose by 16.59% year-on-year in January, central bank data showed on Tuesday.

Chinese Premier Li Qiang on Tuesday unveiled the country’s economic development program for 2024, promising steps to “transform” the national growth model and eliminate risks brought about by a recent slew of bankruptcies in the property sector.

RIYADH: Skilled expatriates in Saudi Arabia could benefit from potential revisions to dependent fees as the government aims to enhance their stability and productivity, said a senior minister.