Govt to Revise Budget Targets Based on Latest Economic Trends
The GDP growth rate in the upcoming budget was reset at 5 percent, up from 4.2 percent previously approved by the Federal Cabinet on April 13. Likewise,
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The GDP growth rate in the upcoming budget was reset at 5 percent, up from 4.2 percent previously approved by the Federal Cabinet on April 13. Likewise,
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The Saudi Central Bank (SAMA) is launching a new initiative – Open Banking – that promises to stimulate growth and innovation in the Kingdom's financial services industry.
Whatever it takes February 23, 2021 Recent agriculture data is concerning enough to send chills up one's spine. The food import bill is up a massive 52 percent for July 2020 to January 2021, compared to the same period last year. It presents a formidable amount of $4.64 billion in just seven months. Spending on import of cotton has increased by a whopping 266 percent to $0.7 billion in the same period. On the other hand, export earnings of basmati rice have fallen by more than 31 percent to just $0.3 billion. On the domestic front, the Sensitive Price Index (SPI) has risen in the range of 0...