Tag: Economic Recovery
Oman’s economic recovery gains traction: IMF
According to the global financial agency, the International Monetary Fund (IMF), the resurgence of the hydrocarbon industry and the easing of COVID-19 social constraints...
Saudi NDF pours more than $7.5bn as COVID-19 relief to aid...
The Saudi Arabia National Development Fund (NDF) has supported the local economy with $7.5 billion, as COVID-19 introduced many unprecedented economic consequences for the...
S&P updates Saudi Arabia’s outlook to positive as it recovers from...
The International credit rating agency, Standard & Poors (S&P), has updated its outlook for Saudi Arabia to positive and assessed the Kingdom's short and...
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...
