BUSINESS NEWS | Saudi Central Bank Says Committed To Local Currency Peg To U.S. Dollar

RIYADH|SAUDI ARABIA – Saudi Arabian Monetary Agency (SAMA) said on Thursday in a statement reported by state TV, it is still committed to local currency peg to the U.S. dollar, and that it serves the interest of economic growth and financial stability.

It added that foreign reserves cover 43 month of imports and the total reserves represent 88% of monetary Aggregate.


Greece Battles Wildfires For Third Day, Site Of Ancient Olympics Saved

Greek authorities ordered more evacuations on an island near Athens on Thursday and battled a blaze near the site of the ancient Olympic Games in the western Peloponnese as wildfires burned for a third day. Temperatures of more than 40 Celsius (104 Fahrenheit) and strong winds have fanned more than 150 wildfires in different areas … More Greece Battles Wildfires For Third Day, Site Of Ancient Olympics Saved

Germany To Give COVID Vaccine Boosters To Vulnerable Groups In September

Germany plans to give vulnerable people a COVID-19 vaccine booster in September, the Health Ministry said on Thursday, ignoring a World Health Organisation appeal to refrain from giving third doses while poor countries remain unvaccinated. ‘The possibility of a booster vaccine in September is intended to ensure that those who are particularly at risk are … More Germany To Give COVID Vaccine Boosters To Vulnerable Groups In September

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