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Custodian of the Two Holy Mosques King Salman puts his signature on the general budget for 2017 at a special Cabinet session in Riyadh, Thursday.
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Kuwait’s central bank Governor Mohammad al-Hashel attends the GCC Governors meeting in Manama March 13, 2013. REUTERS/Hamad I Mohammed
IMF: Kuwaiti Economy to Revive in the Medium Term
Kuwait- The Central Bank of Kuwait announced that the International Monetary Fund (IMF) mission to Kuwait expected a gradual revival in Kuwaiti non-oil sectors GDP up to 3.5% in the upcoming year and 4% in later years. The mission, in its concluding statement, also...Caption:
Opinion: The Cost of the Arab Spring is Half a Trillion Dollars
The UN’s Economic and Social Commission for Western Asia’s report stated that the Arab Spring led to a net loss of $613.8 billion in economic activity in countries involved in it. This is equivalent to 6 per cent of the region’s GDP in the period between 2011...Caption:
Saudi Arabia’s Energy Minister Khalid al-Falih talks to journalists before a meeting of OPEC oil ministers in Vienna, Austria, June 2, 2016/. Reuters
Saudi Arabia Eases Procedures to Boost Mining Sector
Jeddah- The Ministry of Energy, Industry and Mineral Resources in Saudi Arabia announced willingness to launch more investment licenses in the mining sector for the purpose of developing the domain and increasing its contribution to USD25 billion by 2020 amid rising...Caption:
A Lebanese banker counts US dollars at BLOM Bank’s head office in Beirut October 22, 2008. REUTERS/Jamal Saidi