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Oman expects 25% rise in non-oil revenues this year

Oman is reportedly expecting a 25 percent surge in its non-oil revenues this year, rising from $6.24 billion (2.4 billion Omani riyals) to around...

SAMA provides $13 billion to banks for improving liquidity

Saudi Arabian Monetary Authority (SAMA) is advancing $13.29 billion into the banking sector to raise liquidity and improve the lending capability of financial institutions...

Saudi Arabia shifted foreign reserves worth $40 billion to PIF

Saudi Arabian finance minister Mohammed Al-Jadaan stated that the kingdom shifted a total of $40 billion from central bank foreign reserves to finance investments...
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