Monday, May 28, 2018

Money & Business

Depletion of Saudi Arabia’s currency reserves shows no sign of abating

It was meant to be a given that a rebound in oil prices would slow the depletion of Saudi Arabia's foreign-currency reserves. That hasn't...

Qatar’s international assets – REVEALED!

Qatar may be tiny but it's the world's richest nation based on GDP, and it's been investing its wealth around the globe - with most...

Non-Saudis flood Saudi only job fair offering to start work within...

A career fair organized by the University of Business and Technology (UBT) ended at Jeddah Hilton Hotel attracting many non-Saudis even though it was...

GCC VAT implementation could be delayed

Legal experts believe that there might be a possibility of a delay in the implementation of the GCC’s Value Added Tax (VAT), which is scheduled...

Makkah to launch biggest gold mine

The Makkah governorate of Saudi Arabia, is set to launch the Al-Duwaihi gold mine and factory and other mining infrastructure projects in the Makkah...

Saudi Arabia’s founder predicted Aramco’s worth 100 years ago

NEARLY 100 years have passed since Saudi Arabia’s founder King Abdul Aziz first urged citizens to start investing in oil-giant company Aramco.Text of the...

SAUDI ARABIA RESTORES CIVIL SERVICE AND MILITARY ALLOWANCES

The measures were the first pay cuts for government employees, who make up about two-thirds of working Saudis.RIYADH – Saudi Arabia’s King Salman issued...

IMF cuts GCC growth forecasts

The IMF said on Tuesday it had cut its forecast for Arabian Gulf oil producers’ economic growth this year, as their output cut deal...

Is the GCC facing another recession?

While business confidence in the GCC for 2017 is steadily climbing, a recent spate of uncertainty is weighing on growth prospects for the year...

Saudi Aramco may be worth far less than official valuation

On Monday the Wall Street Journal reported that Saudi ARAMCO may be worth far less than its official valuation. It cited people who are...

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