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.
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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.