G20 SAUDI ARABIA | King Salman Says Pandemic Proved Flexibility, Strength Of Saudi Economy
Custodian of the Two Holy Mosques King Salman bin Abdulaziz stressed on Monday that the novel coronavirus pandemic demonstrated the flexibility and strength of the Saudi economy. In an address before the Business 20, he said: ‘We are determined to boost development and prosperity through empowerment and investment in new sectors’. Minister of Investment Khalid … Continue reading G20 SAUDI ARABIA | King Salman Says Pandemic Proved Flexibility, Strength Of Saudi Economy
BREAKING NEWS | Saudi Arabia Issues SR20 Banknote To Mark G20 Presidency
MILAN | ITALY – The Saudi Arabian Monetary Authority said on Saturday it will release a new SR20 banknote to mark the Kingdom’s presidency of the G20 Summit. The new banknote will be put into circulation on Sunday, and will feature King Salman and the G20 Saudi Summit logo on one site, with a world … Continue reading BREAKING NEWS | Saudi Arabia Issues SR20 Banknote To Mark G20 Presidency
King Salman: We Embarked On Unprecedented Reform Journey To Empower Women
The Custodian of the Two Holy Mosques, King Salman bin Abdulaziz, said that the Kingdom has embarked on an unprecedented reform journey to empower women and support their participation in national development. He added that the country was proud of the distinguished work of the Women 20 group, within the framework of the G20, which … Continue reading King Salman: We Embarked On Unprecedented Reform Journey To Empower Women
OIL BUSINESS | OPEC+ Makes no new proposal on policy from Jan 2021: Draft
London – A key OPEC+ ministerial panel had made no policy proposal from January 2021, according to a draft OPEC+ statement seen by Reuters.
BREAKING NEWS | Saudi Crown Prince Discusses OPEC+ Agreements With Vladimir Putin
RIYADH | SAUDI ARABIA – Saudi Arabia’s Crown Prince Mohammed Bin Salman discussed with Russian President Vladimir Putin energy markets and the implementation of agreements by the oil producers group known as OPEC+ on Saturday. ‘Both sides have reiterated their willingness to continue close coordination in this area in order to maintain stability on the … Continue reading BREAKING NEWS | Saudi Crown Prince Discusses OPEC+ Agreements With Vladimir Putin
BUSINESS | OPEC+ Fears Second Virus Wave Could Lead To Oil Surplus In 2021
MOSCOW – OPEC and its allies fears a prolonged second wave of the COVID-19 pandemic and a jump in Libyan output could push the oil market into surplus next year, according to a confidential document seen by Reuters, a gloomier outlook than just a month ago. A panel officials from OPEC+ producers, called the Joint … Continue reading BUSINESS | OPEC+ Fears Second Virus Wave Could Lead To Oil Surplus In 2021
GLOBAL ECONOMY | G20 Suspends poorer nations’ debt payment for 6 more months
RIYADH | SAUDI ARABIA – Financial leaders of the world’s biggest economies claimed a ‘historic achievement’ in reaching a framework to deal with heavily indebted poorer countries, which have been severely impacted by the coronavirus pandemic. The finance ministers and central governors of the G20 nations agreed at a virtual meeting organized by the Saudi … Continue reading GLOBAL ECONOMY | G20 Suspends poorer nations’ debt payment for 6 more months
BUSINESS | Saudi Arabia Brings In Lower Property Tax To Boost Sector
Properly deals in Saudi Arabia have been exempted from a 15 percent value – added (VAT) as the government moves to support the real estate sector. Instead a new 5 percent tax will be applied to deals as the Kingdom seeks to boost an economy that has been hit hard by the impact of the … Continue reading BUSINESS | Saudi Arabia Brings In Lower Property Tax To Boost Sector
BUSINESS | Aramco Chief Wins Energy Executive Of The Year Award
RIYADH | SAUDI ARABIA – Saudi Aramco’s president and CEO, Amin Nasser, had been named energy executive of the year by a panel of international industry leaders. The 60-year-old business chief was selected for the Energy Intelligence 2020 Award by a committee of top executives. Nasser will be officially presented with the prestigious award during … Continue reading BUSINESS | Aramco Chief Wins Energy Executive Of The Year Award
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BUSINESS | Saudi Information Security Firm Elm To Aquire Tabadul
Saudi information security company Elm is to acquire digital services company Tabadul from Saudi Arabia’s sovereign wealth fund, Elm said in a statement on Sunday. The Public Investment Fund (PIF) also owns Elm and was considering an initial public offering of the information security company, sources told Reuters in May. The value of the deal, … Continue reading BUSINESS | Saudi Information Security Firm Elm To Aquire Tabadul
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GLOBAL ECONOMY
BREAKING NEWS | Trump, Saudi Crown Prince Discuss Economic Recovery From Coronavirus: White House
WASHINGTON – U.S. President Donald Trump and Saudi Arabian Crown Prince Mohammed bin Salman Bin Abdulaziz Al Saud discussed the fight against the coronavirus pandemic and ‘re-energizing global economies’ during a telephone call on Thursday, the White House said. The two leaders also discussed regional and bilateral issues and the prince ‘reaffirmed the strong United … Continue reading BREAKING NEWS | Trump, Saudi Crown Prince Discuss Economic Recovery From Coronavirus: White House
BUSINESS | Morgan Stanley CEO: Too Early To Consider Restarting Share Buybacks
NEW YORK – Morgan Stanley’s Chief Executive Officer James Gorman told shareholders on Thursday that is to too early for him or anyone on the board of directors to consider reinstating the bank’s share buyback program. Morgan Stanley, along with JPMorgan Chase & Co, Bank of America and five others, voluntarily suspended their share repurchases … Continue reading BUSINESS | Morgan Stanley CEO: Too Early To Consider Restarting Share Buybacks
BUSINESS NEWS | Saudi Arabia Russia, U.S. Welcome Outcome Of OPEC+ Meeting: SPA
RIYADH | SAUDI ARABIA – Saudi Arabia’s King Salman, Russia’s president Vladimir Putin and his U.S. counterpart Donald Trump welcomed the outcome of OPEC+ meeting during a joint phone, Saudi state news agency SPA said on late Sunday. The three leaders expressed their comfort with the results of the efforts exerted to stabilize global oil … Continue reading BUSINESS NEWS | Saudi Arabia Russia, U.S. Welcome Outcome Of OPEC+ Meeting: SPA
BUSINESS NEWS | Saudi, Other Resist Mexican Plan To Make Small Oil Output Cuts – Sources
BUCHAREST | ROMANIA – Saudi Arabia and Other Oil Producers in the OPEC+ group pushed back on Friday on a Mexican plan to cut less than requested under plans for global supply curbs, two sources from the OPEC+ group said on Friday. One source said the dispute, which help up efforts to finalise the deal … Continue reading BUSINESS NEWS | Saudi, Other Resist Mexican Plan To Make Small Oil Output Cuts – Sources
BUSINESS NEWS | Saudi Energy Minister Calls For Affordable Energy Supply At G20 Meeting
RIYADH | SAUDI ARABIA – The Saudi energy minister gold a conference of the G20 group of the world’s largest economies on Friday that Ensuring affordable energy supply is key to facilitating a global economic recovery. ‘Having affordable, reliable, accessible energy supply is considered a necessity to enable basic services, including health care, and help … Continue reading BUSINESS NEWS | Saudi Energy Minister Calls For Affordable Energy Supply At G20 Meeting
BUSINESS NEWS | Putin Has No Plans To Talk Oil With Trump, Saudis On Thursday: Kremlin
BUCHAREST | ROMANIA – Russian President Putin has no plans as of Thursday to discuss oil markets with U.S. President Donald Trump and Saudi Arabia’s leadership, a Kremlin spokesman told Reuters. ‘There are no such plans for today’, the Kremlin spokesman said when asked about such a possibility.
BUSINES NEWS | OPEC+ Works On Two-Year Oil Cut Deal, Implemented Gradually: Sources
LONDON – OPEC and its allies, a group known as OPEC+, are discussing plans to cut oil production for at least two years with reductions implemented gradually, two OPEC+ sources said on Thursday. The group has previously said it wanted the United States, one the top three oil producers alongside Russia and Saudi Arabia, to … Continue reading BUSINES NEWS | OPEC+ Works On Two-Year Oil Cut Deal, Implemented Gradually: Sources
BUSINESS | OPEC+ Considers Oil Cuts Above 12 Million Bpd, Wants 5 Million Bpd From Others – Source
RIYADH | SAUDI ARABIA – OPEC, Russia and other allied producers, a grouping known as OPEC+, are considering cutting their oil output by more than 12 million barrels per day (bpd) and want other producers to contribute cuts of 5 million bpd, an OPEC+ source said on Thursday.
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BUSINESS | France Urges Middle Eastern Countries To Stop Boycott Of French Products
PARIS – – France on Sunday urged Middle Eastern countries to stop retail companies from boycotting French products. The foreign affairs ministry said in a statement that in recent days there had been calls to boycott French products, notably food products, in several Middle Eastern countries as well as calls for demonstrating against France over … Continue reading BUSINESS | France Urges Middle Eastern Countries To Stop Boycott Of French Products
BUSINESS | Kuwait retail co-ops remove French products over Prophet cartoon
KUWAIT – Kuwait’s retail co-ops have pulled French products in boycott over the use of cartoons of the Prophet Mohammad in a French school class on freedom of expression whose teacher was then beheaded by an Islamist. The non-governmental Union of Consumer Co-operative Societies, which groups more than 70 establishments, issued the boycott directive in … Continue reading BUSINESS | Kuwait retail co-ops remove French products over Prophet cartoon
BUSINESS | Parisian Fragrance House Ex Nihilo Cuts Ribbon On Its First Saudi Boutique
JEDDAH | SAUDI ARABIA – Parisian fragrance maison Ex Nihlio has cut the ribbon on its first flagship in Saudi Arabia. The new perfumery is situated in Jeddah’s Nojoud Center, alongside other brands like Lacoste and Femi9. The new store evokes the brand’s French flagship with its iconic cobalt blue interior, marble floors, Art Deco … Continue reading BUSINESS | Parisian Fragrance House Ex Nihilo Cuts Ribbon On Its First Saudi Boutique
BUSINESS | Qatar Might Get F-35s Despite Israel’s Objections, Israeli Minister Says
MILAN | ITALY – An Israeli cabinet minister said on Sunday that a U.S. sale of advanced F-35 warplanes to Qatar could be possible despite Israel’s objection to such a deal given the Gulf state’s link to Iran and Palestinian Hamas. ‘I have no doubt that if they (Qatar) want it and are willing to … Continue reading BUSINESS | Qatar Might Get F-35s Despite Israel’s Objections, Israeli Minister Says
OIL BUSINESS
BREAKING NEWS | Kremlin Says Russia, Saudi Arabia Are At Important Part Of Oil Talks
MOSCOW – Russia and Saudi Arabia are at an important part of oil talks and recent flurry of phone calls between the leaders of the energy – rich countries are aiming at stabilizing the oil markets, the Kremlin said on Monday. Russian President Vladimir Putin and Saudi Arabia Crown Prince Mohammed bin Salman held two … Continue reading BREAKING NEWS | Kremlin Says Russia, Saudi Arabia Are At Important Part Of Oil Talks
Saudi Arabia’s Crown Prince, Russia Putin Discuss Global Oil Markets
Saudi Arabia’s Crown Prince Mohammed Bin Salman held a phone call with Russian President Vladimir Putin on Tuesday. During the call, they reviewed world oil markets, and the efforts made to achieve and maintain stability, support the growth of the global economy, Saudi Press Agency reported. They also agreed on the importance of all oil-producing … Continue reading Saudi Arabia’s Crown Prince, Russia Putin Discuss Global Oil Markets
BUSINESS | Saudi Arabia’s July Crude Exports Tick Up From Historic Lows – JODI
MILAN | ITALY – Saudi Arabia’s crude oil exports bounced back to 5.73 million barrels per day (bpd) in July from 4.98 million bpd in June, official data showed on Thursday. June’s exports were the weakest recorded in data stretching back to 2002. Monthly export figures are provided by Riyadh and other members of the … Continue reading BUSINESS | Saudi Arabia’s July Crude Exports Tick Up From Historic Lows – JODI
BUSINESS | Saudi Energy Minister Promises ‘Ouching Like Hell’ For Oil Price Gamblers
LONDON – Saudi Energy Minister Prince Abdulaziz bin Salman warned traders against betting heavily in the oil market saying he will try to make the market jumpy and promised those who gamble on the oil price would be ‘ouching like hell’.
BREAKING NEWS | Saudi Crown Prince, Iraqi PM Discuss OPEC+ Oil Cut Pact: SPA
RIYADH | SAUDI ARABIA – Saudi Arabia’s Crown Prince Mohammed bin Salman and Iraqi Prime Minister Mustafa al-Kadhini discussed efforts taken to stabilize and rebalance global oil markets in a telephone call, Saudi state news agency SPA reported late on Wednesday. The two leaders ‘stressed the importance of compliance, by all participants, to the OPEC+ … Continue reading BREAKING NEWS | Saudi Crown Prince, Iraqi PM Discuss OPEC+ Oil Cut Pact: SPA
BREAKING NEWS | Saudi King Salman, Nigerian President Discuss Oil Market: SPA
RIYADH | SAUDI ARABIA – Saudi Arabia’s King Salman bin Abdulaziz and Nogerian President Muhammadu Buhari discussed efforts taken to stabilize and rebalance global oil markets in a telephone call, Saudi state news agency SPA reported on Wednesday. The two leaders ‘stressed the importance of compliance, by all participants, to the OPEC+ agreement and the … Continue reading BREAKING NEWS | Saudi King Salman, Nigerian President Discuss Oil Market: SPA
BUSINESS | OPEC+ Panel Shifts date of Next Meeting To August 19: Sources
LONDON – An OPEC+ ministerial panel monitoring the group’s oil supply reduction deal will hold its next virtual meeting on Aug.19, a day later than previously planned, three OPEC+ sources said on Friday, without giving a reason for the date change. The panel, called the Joint Ministerial Monitoring Committee (JMMC), advises the Organization of the … Continue reading BUSINESS | OPEC+ Panel Shifts date of Next Meeting To August 19: Sources
BUSINESS | Oil Slips Below $45 On Demand Doubts, Rising Supply
NEW YORK – Oil slipped further below $45 a barrel on Friday, giving up this week’s gains, under pressure from doubts about demand recovery due to the novel coronavirus pandemic rising supply. Two prominent forecasters, the International Energy Agency and the Organization of the Petroleum Exporting Countries, trimmed their 2020 oil demand forecasts this week. … Continue reading BUSINESS | Oil Slips Below $45 On Demand Doubts, Rising Supply
BREAKING NEWS | Saudi Aramco To Press Ahead With Plan To Boost Output Capacity, CEO says
RIYADH | SAUDI ARABIA – Saudi Aramco is moving ahead with plans to boost crude output capacity by 1 million barrels per day (bpd) to 13 million bpd despite cuts in capital expenditure this year and next year, the state oil group’s CEO said on Monday. Aramco’s capital spending plan for 2021 will be ‘significantly … Continue reading BREAKING NEWS | Saudi Aramco To Press Ahead With Plan To Boost Output Capacity, CEO says
BUSINESS NEWS | Saudi Aramco Says Reorganizing Downstream Business To Support Growth
RIYADH | SAUDI ARABIA – State energy giant Saudi Aramco said on Tuesday that it will be reorganizing its downstream business to support its global growth strategy, aiming to complete it by the end of this year. The downstream model will be divided into four units: fuels including refining, trading, retail and lubes; chemicals; power; … Continue reading BUSINESS NEWS | Saudi Aramco Says Reorganizing Downstream Business To Support Growth
BUSINESS NEWS | Russia Does Not Plan Saudi Talks Ahead Of OPEC+ Monitoring Meeting: Kremlin
BUCHAREST | ROMANIA – The Kremlin said on Thursday Russia currently had no plans to hold talks with Saudi Arabia ahead of joint OPEC+ ministerial monitoring committee due to be held next week.
BUSINESS | Saudi Arabia ups August Crude Prices To Asia
RIYADH | SAUDI ARABIA – Saudi Arabia’s state oil producer Aramco has hiked official selling prices (OSPs) for its crude to Asia by $1 a barrel in August, and raised the OSPs for almost all grades to Europe and the United States. Saudi Arabia has set the August price to Asia at plus $1.20 a … Continue reading BUSINESS | Saudi Arabia ups August Crude Prices To Asia
NEWS ALERT | G20 Pledges More Than $21 Billion To Fight Coronavirus
NEW YORK | The Group of 20 rich and emerging economies had pledged more than $21 billion to fight the coronavirus, the group said early on Saturday. ‘The G20, with invited countries, has coordinated the global efforts to support the fight against the COVID-19 pandemic. To date, G20 members and invited countries have pledged over … Continue reading NEWS ALERT | G20 Pledges More Than $21 Billion To Fight Coronavirus
CORONAVIRUS | Pope Says Coronavirus Vaccine Must Be Shared World Wide
MILAN | ITALY – Pope Francis called on Sunday for international scientific cooperation to discover a vaccine for the coronavirus and said any successful vaccine should be made available around the world. Francis, who has been delivering his Sunday address from the papal library instead of St.Peter’s Square because of the lockdown in Italy, thanked … Continue reading CORONAVIRUS | Pope Says Coronavirus Vaccine Must Be Shared World Wide
SPORTS | Gigi Hadid and Serena Williams Will Play In A Virtual Charity Tennis Match This Weekend
The tournament, organized by IMG, will see tennis champions facing off in the Nitendo Switch video game against models, athletes, and celebrities as Mario characters. In addition to Hadid versus Williams, the competition will also feture Haily Bieber and Naomi Osaka; Karlie Kloss and Maria Sharapova and more. Gameplay will begin at 4 p.m. EDT … Continue reading SPORTS | Gigi Hadid and Serena Williams Will Play In A Virtual Charity Tennis Match This Weekend
THE POWER OF INFLUENCE | Bottega Veneta Funds COVID-19 Research In Italy
The luxury fashion house is donating thousands of euros to fund scholarship and support Italian healthcare workers The fashion industry is doing its part to help find a cure for the novel coronavirus and put an end to the pandemic, and one Italian luxury fashion house is taking it a step further. Bottega Veneta has … Continue reading THE POWER OF INFLUENCE | Bottega Veneta Funds COVID-19 Research In Italy
G20| Saudi G20 Presidency Urges More Donation To fund Pandemic Response
RIYADH | SAUDI ARABIA – The Saudi presidency of the Group of 20 major economies on Thursday called for further immediate donations to fund the emergency response to the coronavirus pandemic and develop needed vaccines. The G20 secretariat said $1.9 billion had been donated by countries, philanthropic organizations and the private sectors toward an $8 … Continue reading G20| Saudi G20 Presidency Urges More Donation To fund Pandemic Response
GLOBAL FIGHT AGAINST COVID-19 | Saudi Arabia Sets Up $10 Million Esports Charity Tournament For Gamers
RIYADH | SAUDI ARABIA – Saudi Arabia has set up a new charity esports event to raise money to fight the coronavirus pandemic with a $10 million prize fund. Gamers will be able to compete for their chance to decide where the prize money goes in the tournament, known as Gamers Without Borders by Saudi, … Continue reading GLOBAL FIGHT AGAINST COVID-19 | Saudi Arabia Sets Up $10 Million Esports Charity Tournament For Gamers
G20 | Saudi Arabia Pledges $500 Million To Global Fight Against Coronavirus
RIYADH | SAUDI ARABIA – Saudi Arabia, as the holder of the G20 Presidency, has pledged $500 million to international organizations to support global efforts in combatting the COVID-19 pandemic. ‘The pledge will support emergency and preparedness response, developing and deploying new diagnostics, therapeutics and vaccines, fulfilling unmet needs for international surveillance and coordination, and … Continue reading G20 | Saudi Arabia Pledges $500 Million To Global Fight Against Coronavirus
MENA BUSINESS
BUSINESS NEWS | Saudi Aramco’s Profit Plunges 73.4%, Sees Signs Of Oil Market Recovery
MILAN | ITALY – Saudi state oil group Aramco on Sunday reported a 73.4% fall in second-quarter net profit, a steeper drop than analysts had forecast, and said it expected capital expenditure for 2020 to be at the lower end of a $25 billion to $30 billion range. The world’s biggest oil exporter said the … Continue reading BUSINESS NEWS | Saudi Aramco’s Profit Plunges 73.4%, Sees Signs Of Oil Market Recovery
ECONOMY | Saudi Arabia Posts $29 Billion Deficit In Second Quarter As Oil Revenues Slump
RIYADH | SAUDI ARABIA – Saudi Arabia posted a deficit of 109.2 billion riyals ($29.12 billion) in the second quarter this year as low oil prices hurt revenues, a finance ministry report published on Tuesday showed. The coronavirus crisis has hurt the non-oil sectors of the world’s largest oil exporter this year, adding to the … Continue reading ECONOMY | Saudi Arabia Posts $29 Billion Deficit In Second Quarter As Oil Revenues Slump
ECONOMY | Saudi Arabia To Widen Scope Of Privatisation, Finance Minister Says
RIYADH | SAUDI ARABIA – Saudi Arabia will look to sell assets in sectors that were not previously considered for privatization, such as healthcare and education, the country’s finance minister said on Wednesday. Speaking at a Bloomberg event, Mohammed al-Jadaan said privatisations will likely generate north of $50 billion in the next four to five … Continue reading ECONOMY | Saudi Arabia To Widen Scope Of Privatisation, Finance Minister Says
ECONOMY | Saudi Wealth Fund PIF Has Ample Liquidity: Finance Minister
RIYADH | SAUDI ARABIA – Saudi Arabia’s finance minister said on Wednesday that the kingdom’s sovereign wealth fund, the Public Investment Fund (PIF) has ample liquidity in the local market. He added that the PIF would allot via secondary offerings part of their local holdings to make sure they ‘recycle mature investments’ and invest in … Continue reading ECONOMY | Saudi Wealth Fund PIF Has Ample Liquidity: Finance Minister
ECONOMY | Gulf Economies Seen Shrinking Sharply In 2020, To Pick Up In 2021: Reuters Poll
DUBAI – Economic activity in the Gulf will contract sharply this year before recovering in 2021, hit by the double shock of the coronavirus pandemic and an oil price crash, a quarterly Reuters poll showed on Tuesday. Analysts in the July 7-20 poll see a deep economic contraction in the hydrocarbon – producing region this … Continue reading ECONOMY | Gulf Economies Seen Shrinking Sharply In 2020, To Pick Up In 2021: Reuters Poll
BUSINESS |Saudi Real Estate Refinance Co Sign 3 Billion Riyals Deal With Pension Agency
RIYADH | SAUDI ARABIA – Saudi Real Estate Refinance Co (SRC), the Saudi equivalent of U.S. mortgage finance business Fannie Mae, said on Sunday it has agreed to buy a mortgage portfolio worth over 3 billion riyals ($799.8 million) from the Saudi Public Pension Agency (PPA). ‘The deal provides liquidity to the real estate financing … Continue reading BUSINESS |Saudi Real Estate Refinance Co Sign 3 Billion Riyals Deal With Pension Agency
BUSINESS NEWS | IMF Did Not Recommend Saudi Arabia VAT Tripling, Official Says
The International Monetary Fund did not recommend the decision taken by Saudi Arabia to triple value-added tax this month, an official said, cautioning against increasing consumption taxes in the Middle East amid the coronavirus – driven downturn. Saudi Arabia tripled VAT this month to 15% as it seeks to bolster state finances badly hurt by … Continue reading BUSINESS NEWS | IMF Did Not Recommend Saudi Arabia VAT Tripling, Official Says
BUSINESS NEWS | Saudi Unemployment Falls In First Quarter, But Before Coronavirus Impact
RIYADH | SAUDI ARABIA – Unemployment among citizens in the first quarter fell below 12% for the first time in four years, official figures released on Tuesday showed, but they did not capture the impact of the coronavirus crisis. Unemployment fell to 11.8% from 12% the previous quarter, the General Authority for Statistics said. ‘Data … Continue reading BUSINESS NEWS | Saudi Unemployment Falls In First Quarter, But Before Coronavirus Impact
BUSINESS NEWS | Saudi Initiatives To Support Private Sector Exceed 51 Billion Riyals – Central Bank
RIYADH | SAUDI ARABIA – Saudi government initiatives to support the financing of the private sector to mitigate the impact of the coronavirus outbreak have exceeded 51 billion riyals ($13.60), the central bank said on Sunday.
BUSINESS NEWS | Saudi Non – Oil Private Sector Shrinks Again In June – PMI
RIYADH | SAUDI ARABIA – Saudi Arabia’s non – oil private sector shrank for the fourth straight month in June as measures to contain the spread of the new coronavirus continued to hit consumer demand, a survey on Sunday. The seasonally adjusted HIS Markit Saudi Arabia Purchasing Managers’ Index (PMI) fell to 47.7 in June … Continue reading BUSINESS NEWS | Saudi Non – Oil Private Sector Shrinks Again In June – PMI
BUSINESS | Saudi Arabia Extends Economic Measures To Mitigate Pandemic Impact: SPA
RIYADH | SAUDI ARABIA – Saudi Arabia extended for an additional period several government initiatives to support the private sector and investors in mitigate the impact of the coronavirus outbreak, state news agency SPA reported on Thursday, citing a decision by King Salman.
BUSINESS NEWS | Saudi Public Sector Employees Will Return To Work Starting May 31
RIYADH | SAUDI ARABIA – Saudi public sector employees will start returning to work gradually as of Sunday May 31, after more than two months of suspension amid strict measures to help curb the novel coronavirus outbreak. Public sector workers will eventually resume work as normal as of June 14, Minister of Human Resources Ahmed … Continue reading BUSINESS NEWS | Saudi Public Sector Employees Will Return To Work Starting May 31
