Oman has requested technical support from the International Monetary Fund (IMF) to help the government create a medium-term debt strategy and enhance its fiscal framework, according to the IMF. Last year’s twin
MoreSaudi 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,
MoreSaudi 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
MoreOman’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
MoreOn Wednesday, Lebanon’s parliament approved cash payments for families struggling financially, a move that will cost $556 million a year and could allow the lifting of a $6 billion subsidy program for
MoreIn Saudi Arabia, the unemployment rate fell to 11.7% in the first quarter of 2021, down from 12.6% at the end of 2020, official data released by the General Authority for Statistics
MoreOn Tuesday, Saudi Crown Prince Mohammed bin Salman announced that a new national airline is planned to be launch as part of a national strategy that aims to turn Saudi Arabia into
MoreOn Friday, Lebanon’s Hezbollah chief Sayyed Hassan Nasrallah repeated his initiatives to import Iranian fuel to combat scarcities across the country, stating that all logistical steps for that likelihood were complete. Nasrallah,
MoreOn Tuesday, Lebanon’s economy ministry elevated the price of funded bread for the fifth time in a year, as the country’s financial crises deteriorate with no resolution in sight. The ministry alleged
MoreSince taking office in May 2020, Iraqi Prime Minister Mustafa al-Kadhimi, who has been trying to consolidate his relations with the United States (US), European states, Iran, and Turkey, as well as
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