Saudi Arabia’s foreign reserves, a measure of the country’s ability to support its dollar-pegged currency, recently fell to new lows, owing in part to a lag between import payments and export earnings,
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Saudi Arabia will exclude goods made by companies employing less than 25% local workers and industrial products with less than $40 added value after transformation from the Gulf Cooperation Council (GCC) tariff
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Saudi Arabia’s Energy Minister Prince Abdulaziz bin Salman objected to the United Arab Emirates’ (UAE) opposition to a proposed OPEC+ deal, which foresees an extension of production cut. The minister’s remarks came
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The plan, which Saudi Crown Prince Mohammad bin Selman announced, to launch a new airline carrier looks to fuel regional competition among the Kingdom and its Gulf neighbors in the economy, analysts
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The Saudi Ministry of Interior stated early on Saturday that travel to and from the UAE, Ethiopia, and Vietnam is prohibited without prior authorization, due to worries about the spread of more
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On Thursday, the United Arab Emirates (UAE) effectively blocked a deal of the Organization of Petroleum Exporting Countries, known as OPEC+, reached by major producers Saudi Arabia and Russia to relax oil
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Oman’s year-to-date budget deficit was 890.2 million rials ($2.32 billion) in May 2021, according to the Ministry of Finance, as low oil prices and decreased crude output placed pressure on the small
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The talks between the UAE-backed Southern Transitional Council (STC) and Yemen’s internationally recognized government led by President Hadi were reinstated in the Saudi capital, Riyadh. Both sides’ representatives came together in Riyadh
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Yemen will receive $150 million from the World Bank in grants for health, nutrition and sanitation projects, helping to fill a financial gap in the war-torn country, according to Reuters. “The project
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According to the National’s article, at an important virtual summit, the United Arab Emirates (UAE) and France discussed bilateral relations and developments over the last 10 years. The event was attended by
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