Mohammed Al-Jadaan News

05.05 / 16:17

markets economy WhatsApp country International Saudi Arabia posts budget deficit of $3.30 billion in first quarter

Saudi Arabia posted a budget deficit Saudi Arabia posts budget deficit of $3.30 billion in first quarter of Saudi Arabia posts budget deficit of $3.30 billion in first quarter of 12.387 billion riyals ($3.30 billion) in the first quarter of 2024, the finance ministry said on Sunday, after lower oil revenues and increased spending weighed on the economy. The kingdom needs to spend hundreds of billions of dollars to fund giga-projects aimed at weaning the economy off oil and to boost tourism and the private sector.

28.04 / 10:01

security Fallout Southern President War country Host Saudi warns of economic fallout from Gaza war at global summit

Saudi Arabia on Sunday called for regional «stability», warning of the effects of the ongoing Israel-Hamas war on global economic sentiment at the start of a summit attended by a host of Gaza mediators. US Secretary of State Antony Blinken, Palestinian leaders and high-ranking officials from other countries trying to broker a ceasefire between Israel and Hamas are on the guest list for the summit in Riyadh, capital of the world's biggest crude oil exporter.

26.12 / 18:29

Reuters economy awards reports NOT Saudi cabinet approves contracting rules for firms not based there

CAIRO (Reuters) — Saudi Arabia's cabinet on Tuesday announced its approval of contracting regulations for firms that do not have regional headquarters in the Kingdom, Saudi state news agency SPA reported.

25.10 / 11:33

UPS Provident country gatherings prevention Foreign investment Mideast war may harm foreign investment in wider region says IMF

The war between Israel and Hamas is adding more tension in a world already riled with unrest, according to the head of the International Monetary Fund.

27.05 / 12:03

cryptocurrency CryptoExplainer Get Your Crypto House In Order, World Economic Forum's Old Guard Tells Davos Debutantes

Get your crypto house in order, old guard tells Davos debutantes

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