Economy
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Coronavirus: Qatar Airways reports $1.92 billion loss amid COVID-19 crisis
Qatar Airways reported a loss of 7 billion riyals ($1.92 billion) on Sunday for the year ending March 31, as…
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Saudi Arabia to host Global AI Summit virtually in October
Saudi Arabia is set to host its inaugural Global Artificial Intelligence Summit (GAIS) virtually on October 21-22, the Saudi Press…
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Saudi Arabia to have ‘buy now, pay later’ option as Tamara partners with Salla
Saudi Arabia-based startup Tamara has partnered with Salla, an ecommerce platform that powers online stores in the Kingdom. Tamara allows…
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UAE’s Jebel Ali Free Zone signs MoU with Israeli chambers of commerce
The United Arab Emirates’ Jebel Ali Free Zone has signed a memorandum of understanding with the Federation of Israeli Chambers…
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Coronavirus: Saudi Arabia says these 3 groups are exempt from travel restrictions
Saudi Arabia has announced three categories of people who can apply for travel permits abroad and will exempted from the…
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G20 exploring structural approaches to boost funding for developing countries
The Group of 20 major economies on Friday said they are looking at structural approaches to secure longer-term financing for…
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Oil prices heading for weekly drop as coronavirus demand concerns mount
Oil prices fell on Friday and were set for a weekly decline due to mounting worries about the impact on…
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G7 supports extension of G20 debt freeze, calls for reforms to address ‘shortcomings’
G7 finance ministers on Friday backed an extension of a G20 bilateral debt relief initiative for the world’s poorest countries,…
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In high-profile $2 bln tax case, Vodafone wins arbitration against India
Vodafone Group Plc said on Friday it had won an international arbitration case against the Indian government, ending one of…
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Turkish banking watchdog raises limits for foreign currency transactions
Turkey’s banking watchdog (BDDK) raised the limits for banks’ foreign currency transactions with foreign entities on Friday, allowing increased access…
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