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IMF plans $650bn reserves issuance for developing countries: Sources
The International Monetary Fund (IMF) is reportedly planning to create around $650 billion in additional reserve assets to support the developing economies to cope...
Global economy to uptick 4.7% in 2021; UNCTAD report
Global economic growth will increase to 4.7 percent this year as widespread vaccine delivery is expected to assist economies in resuming regular operations, as...
Saudi records recovery in foreign investor licenses in Q3
The Investment Ministry of Saudi Arabia has reported that a total of 306 new foreign companies were issued investor licenses in the kingdom in...
Saudi Arabia strengthened its anti-money laundering regulatory framework
Saudi Central Bank Governor H.E. Dr. Ahmed Alkholeify said that the Kingdom has strengthened its regulatory and legislative framework to tackle money laundering and...
OECD revises global economic outlook as vaccine trials bring hope
The Organization for Economic Co-operation and Development (OECD) has updated its global economic outlook, projecting a contraction of 4.2 percent this year.
This is an...
Saudi Arabia launches digital cooperation organization with Pakistan, Middle East neighbors
Saudi Arabia’s Ministry of Communications and Information Technology said Saudi Arabia, Pakistan and a group of countries in the Middle East have launched a...
Saudi Arabia to deliver free COVID-19 vaccine for citizens and residents
The Saudi Ministry of Health is targeting to make the coronavirus vaccine available free to at least 70 percent of the Kingdom’s citizens and...
Saudi Arabia to secure global leadership in Islamic finance sector
The biggest Islamic finance market in the Middle East, Saudi Arabia is now on the path of leading the sector to a global level...
