Press Dossier   By Date  19/12/2020
UAE highly resilient to Covid-19 pandemic impact, World Economic Forum says
The UAE is one of the leading countries that are relatively more resilient to the Covid-19 pandemic, thanks to strong policy stability, high ICT (Information and Communication Technology) adoption and a financial system that supports SMEs, according to the Global Competitiveness Report released by the World Economic Forum on Wednesday.
UAE's GDP to grow 3.6% in 2021: Central Bank
The UAE’s non-oil gross domestic product is expected to grow by 3.6 per cent in 2021, state news agency Wam reported on Saturday citing central bank estimates, suggesting the economy will rebound from an expected contraction in 2020.
Saudi Arabia announces 2021 budget with SR141 billion deficit Reuters/Dubai
Saudi Arabia announced a 990 billion riyal ($263.91 billion) budget for 2021 on Tuesday, around 7 per cent less than estimated for this year, as the world's biggest oil exporter seeks to tame a huge deficit caused by lower petroleum revenues and extra spending on the coronavirus crisis.
Finablr sold to UAE-Israeli consortium for $1
Finablr, the scandal-marred platform for payments and foreign exchange solutions, announced on Thursday that it has entered into "a definitive agreement" with Global Fintech Investments Holding (GFIH), an affiliate of Prism Group of Israel, to sell to GFIH the entire issued share capital of Finablr Limited, its wholly owned subsidiary, for "a nominal initial consideration of $1."
How Budget 2021 will impact ordinary Saudi citizens
It is clear that Saudi Arabia is no longer content to simply be an oil exporter. Saudi Vision 2030 is designed to diversify the economy and ensure that all the Kingdom’s citizens are well prepared for future developments in all walks of life.
Saudi Budget Forum promises increased stability in oil, tourism and investment sectors
Saudi Arabia’s Minister of Energy Prince Abdulaziz bin Salman outlined the challenges the Kingdom has faced as a result of the coronavirus (COVID-19) pandemic, at the virtual Budget 2021 Forum on Wednesday.
Saudi free economic zones under final review by govt: Al-Falih
The free economic zones planned to be launched in Saudi Arabia are under final review by the government, said Minister of Investment Khalid Al-Falih.
COVID-19 forces Saudi food outlets to move online, adopt contactless payments
The coronavirus disease (COVID-19) outbreak had forced thousands of retail outlets to move online and accelerate their digital transformation, the Saudi trade minister has revealed.
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