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Arabian Economies to continue recovery in 2022-23; ESCWA

The Economic and Social Commission for Western Asia (ESCWA), one of the regional commissions of the United Nations (UN), reveals that the Arab region...

Global demand for commodities would remain strong in 2022; Analysts

According to analysts and traders, global demand for commodities is expected to remain robust in 2022 and underpin prices as the world economy continues...

Moody’s raises Saudi’s outlook to ‘stable’; Confirms A1 rating

Moody’s, an international credit rating agency, has changed Saudi Arabia’s outlook from ‘negative’ to ‘stable’ while confirming the country’s rating at A1. The economy of...

IMF urges for urgent action plans to restore global economy

The International Monetary Fund (IMF) has pointed out that urgent policy action is required to control the COVID-19 pandemic, limit economic scarring and transform...

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...

Swift action helped fight the pandemic and curbed damage to global...

The cost of the COVID-19 pandemic to the global economy in lost output over the 2020-24 period compared to pre-pandemic projections is $15 trillion...

World Bank forecasts 5.6% global growth in 2021; Fastest since 1973

The Washington-based international financial institution World Bank has increased its global growth forecast for 2021 to 5.6 percent, predicting the fastest economic rebound in...

Dubai’s non-oil business growth hits late-2019 high in April: PMI

The non-oil private sector of Dubai continued to improve in April, reaching the highest level since late 2019, due to a sharp rise in...
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