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. ( read original story ...)
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. ( read original story ...)
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. ( read original story ...)
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 ... ( read original story ...)
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 ... ( read original story ...)
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%, ... ( read original story ...)
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 ... ( read original story ...)
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 ... ( read original story ...)
Chip-Maker Gains Boost Japan’s Nikkei; Chinese Investors Worried About Valuation, Tighter Monetary Policy
Japan’s Nikkei share average scaled a near six-month high on Thursday, driven by strong gains in semiconductor-related stocks. ( read original story ...)
Shahriar Nafees: No DPL this season ‘will put all the players in financial uncertainty’
More uncertainty for Bangladesh's domestic cricketers as the hope of staging the 2019-20 DPL seems all but over | ESPNcricinfo.com ... ( read original story ...)