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.

NEWS | India Drops Anti – Dumping Probe Against MEG Imports From Saudi Arabia

RIYADH | SAUDI ARABIA – India has dropped an anti – dumping investigation over imports of polyester feedstock monoethylene gycol (MEG) from Saudi Arabia, but will continue the effort against Kuwait, Oman, Singapore and the United Arab Emirates, the government said. In an order on Monday, the government said Reliance Industries Ltd asked in February … Continue reading NEWS | India Drops Anti – Dumping Probe Against MEG Imports From Saudi Arabia

TRAVEL BAN | Bulgaria Bans Entry To Foreigners From Almost All The World Over Coronavirus

BUCHAREST | ROMANIA – European Union member Bulgaria banned entry to its territory to citizens from around the globe except for 19EU member states, as it battles to contain the spread of the coronavirus, its health minister said on Monday. The Balkan country has closed schools, restaurants and bars and restricted travel between cities since … Continue reading TRAVEL BAN | Bulgaria Bans Entry To Foreigners From Almost All The World Over Coronavirus

BREAKING NEWS | Saudi Arabia imposes 24-Hour Curfew In Riyadh And Other Cities

RIYADH | SAUDI ARABIA – Saudi Arabia imposed on Monday a 24-hour curfew in the capital Riyadh and a number of cities effective immediately and until further notice, as a precautionary measure against coronavirus spread, State News Agency (SPA) reported. The cities are Tabuk, Dammam, Dhahran, Al – Hofuf, Jeddah, Taif, Al-Qatif, Al-Khobar. Entry and … Continue reading BREAKING NEWS | Saudi Arabia imposes 24-Hour Curfew In Riyadh And Other Cities

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