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Saudi Arabia, Iraq Stress Full Commitment to OPEC+ Deal

Saudi Arabia, Iraq Stress Full Commitment to OPEC+ Deal

Saudi Arabia's energy minister and Iraqi counterpart stressed, in a phone call, their countries' full commitment to an OPEC+ deal curbing oil production, Iraqi state news agency said on Friday citing a joint statement from both ministries. The two ministers discussed the latest developments in oi

Egypt Studies Employment Opportunities for Expats Repatriated Due to COVID-19

Egypt Studies Employment Opportunities for Expats Repatriated Due to COVID-19

Egypt discussed Thursday providing job opportunities for the workforce that returned from abroad due to the COVID-19 pandemic.

IMF Urges Lebanon to Break Reform 'Impasse' after Port Disaster

The International Monetary Fund urged Lebanese officials Thursday to break an "impasse" and move ahead with reforms after a massive Beirut blast devastated the capital and cost the crisis-hit country billions in damages. "It is essential to overcome the impasse in the discussions on critical refo

Saudi Arabia: Encouraging Factors Contribute to Budget Revenues Recovery in 3rd Quarter

Saudi Arabia: Encouraging Factors Contribute to Budget Revenues Recovery in 3rd Quarter

Contrary to the results of the second quarter, economic experts expected the Saudi budget to recover starting from the third quarter of 2020, thanks to major strategic factors that will contribute to raising the Kingdom’s revenues significantly.

Saudi Loans, Credit Facilities to Support Kingdom’s Agricultural Sector

Saudi Loans, Credit Facilities to Support Kingdom’s Agricultural Sector

The Saudi Agricultural Development Fund (ADF) has approved more than SR337 million ($90 million) in financial loans, facilities, and credit guarantees to support the Kingdom’s agricultural sector. Munir Al-Sahli, deputy chairman and director general of the ADF, said the loans include a program to

BMW Loses 212 Million Euros in Q2, Sees Rebound in China

BMW Loses 212 Million Euros in Q2, Sees Rebound in China

German automaker BMW AG lost 212 million euros ($250 million) in the second quarter as the coronavirus pandemic shutdowns cut vehicle sales by a quarter in the April-June period.

Study Recommends Liberating Saudi Labor Market From 'Unskilled Foreign Workers'

Study Recommends Liberating Saudi Labor Market From 'Unskilled Foreign Workers'

Recent studies have shown that the liberation of the Saudi labor market from unskilled foreign workforce would improve the balance of payments, raise quality levels, and reduce the cover-up in the local market. Experts told Asharq Al-Awsat that achieving long-term economic progress depended on t

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