Bahrain received its first downgrade in over two years from Fitch Ratings, which said it will likely “require further Gulf backing” in the medium term as the government’s finances remain under strain.
RPT-INSIGHT-State of collapse: Can Lebanon’s troubled leadership save the country?
Beirut’s seismic explosion propelled the scarred Lebanese capital 30 years back in time with a violence scarcely imaginable even to a country that has endured so many wars, invasions, occupations, air …
Israel economy sinks nearly 30% in Q2; spending, exports slide
Preliminary data showed the contraction in gross domestic product for the April-June period over the prior three months was steeper than the -22% analysts had forecast in a Reuters poll of economists.
Israel, UAE Shares Climb After Historic Deal Reached: Inside EM
Equities across the Middle East advanced in the first day of trading after Israel and the United Arab Emirates said they reached an agreement to begin normalizing relations.
Saudi Arabia’s Inflation Rate Surged to 6.1% in July on VAT Hike
Saudi Arabia’s inflation quickened at the fastest pace since at least 2012 after the kingdom tripled its value-added tax.
Mastercard, AlRaedah Finance to offer unique payment solutions for SMEs in Saudi Arabia
Mastercard has signed a Memorandum of Understanding (MoU) with AlRaedah Finance, to launch a unique ‘SME in a Box’ payment solution for small and medium sized businesses (SMEs) in the Kingdom of Saudi …
Russia Gets Saudi Help; Netherlands Raises Alert: Virus Update
Russia reached an agreement in principle with Saudia Arabia and the United Arab Emirates to conduct clinical trials of its coronavirus vaccine, the head of its sovereign wealth fund said. China and …
Saudi inflation jumps to 6.1% after VAT increase
Saudi Arabia’s consumer price index jumped 6.1% in July compared with a year earlier, boosted by a tripling of value-added tax, official data showed on Sunday. The inflation rate in June was 0.5%, …
Russia Gets Saudi Help; U.K. Furlough Plan Faulted: Virus Update
Russia reached an agreement in principle with Saudia Arabia and the United Arab Emirates to conduct clinical trials of its coronavirus vaccine, the head of its sovereign wealth fund said. China and …
Iraq agrees to pay Kurdistan region share of federal budget
Iraq has agreed to resume monthly payments of its federal budget to the Kurdistan Regional Government in Erbil. The deal represents a positive step towards restoring relations between the central …