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Tag: COVID-19 Impact

Saudi’s SAMA extends deferred payment program by 3 months

The Saudi Central Bank (SAMA) has extended the deferred payment program it launched for micro, small and medium enterprises (MSME) by another three months. Last...

Oman’s health expenditure rose 22% in 2020 to $2.52bn; Report

The total recurrent expenditures in Oman’s Ministry of Health (MoH) amounted to $2.52 billion during last year compared to approximately $2.06 billion in 2019,...

Saudi Arabia’s airports climb up on Skytrax’s world top 100 list

Saudi Arabia's international airports have continued to advance on the list of the world's top 100 airports for the second year in a row,...

Saudi National Bank’s first-half income rises to $1.72bn amid economic rebound

The country’s biggest lender by assets, Saudi National Bank (SNB) has reported a rise of more than 12 percent in the first-half net profit...

GCC economies to grow 2-3% in 2021; Reuters survey

The six countries in the Gulf Co-operation Council (GCC) are projected to rebound and expand 2 percent to about 3 percent this year, while...

World Travel Market launches ‘Platform for Change’ to address tourism issues

The World Travel Market (WTM), the leading global event for the travel industry has rolled out a new platform to encourage debates and discussions...

Global construction sector to grow 5.7% in 2021 despite pandemic hit;...

UK-based data analytics and consulting company, GlobalData in its latest report revealed that the growth in global construction output will reach 5.7 percent this...

Global startup funding hit $156 billion in Q2 2021; Report

The global startup funding surged 157 percent between the second quarter (Q2) of 2020 and Q2 2021 from $60.7 billion to a record $156.2...
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