BUSINESS NEWS | Saudi GDP Growth Projected To See An Uptick This Year, Backed By Non –Oil Sector: Central Bank

RIYADH | Saudi Arabia’s economic growth is projected to see an uptick this year, backed by the non – oil economy, the country’s central bank governor said on Saturday.

Saudi Arabian Monetary Authority (SAMA) Governor Ahmed Al-Kholifey, also told an economic conference in Riyadh that it was too early to get the full picture of the economic damage caused by the new emerged in China and spread globally.

The International Monetary Fund in January said it expects Saudi Arabia’s economy will expand at 1. 9 % this year, up from an estimated 0.4.% in 2019, however the forecast for the kingdom’s 2020 forecast was cut from 2.2.% due to lower oil output.

CORONAVIRUS PANDEMIC | Global Coronavirus Cases Exceed 11 Million

WASHINGTON – Global coronavirus cases exceeded 11 million on Friday, according to a Reuters tally, marking another milestone in the spread of the disease that has killed more than half a million people in seven months. The number of cases is more than double the figure for severe influenza illnesses recorded annually, according to the … Continue reading CORONAVIRUS PANDEMIC | Global Coronavirus Cases Exceed 11 Million

SUPERCARS | Lamborghini SCV12 Track – Only Hypercar Has Most Powerful V12 Engine Yet

Lamborghini’s new limited-edition SCV12 hypercar boasts most powerful V12 engine in a Lamborghini and is made only for the track. Earlier this year Lamborghini teased with an upcoming project that gave hints of a racing circuit but didn’t go so far to share the entire of the details – now we know why. Announced as … Continue reading SUPERCARS | Lamborghini SCV12 Track – Only Hypercar Has Most Powerful V12 Engine Yet

TRAVEL | UAE Allows Citizens And Residents To Travel Abroad

DUBAI – The United Arab Emirates will allow both citizens and residents to travel abroad, the state news agency reported on Friday. In March, the UAE suspended all inbound and outbound passenger flights and the transit of airline passengers in the UAE, allowing only cargo and emergency evacuation flights.

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