Business

Though the situation is better across Libya, the scale of the improvement has not been even
Libya’s currency adjustment helps ease liquidity crisis
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Exports from Basra terminals reached 2.77 million bpd in January, up from 2.75 million bpd in December
Iraq’s oil exports rise to 2.868 million bpd in January
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The fund would invest 3 trillion riyals in new sectors over the next 10 years
Saudi sovereign fund to shore up assets
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Saudi Arabian Monetary Agency Governor Fahad al-Mubarak
Fahad al-Mubarak named Saudi Arabia’s central bank governor
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Saudi Arabia’s General Authority for Competition had permanently cancelled BeIN's license in July
Saudi Arabia allows broadcast by beIN Sports
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Bahrain open for business
Bahrain attracted $885 million in investment in 2020
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New virus variant, lockdowns threaten demand for oil
OPEC+ deadlocked over raising oil output
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The new rate is an effective devaluation, meaning the cost of imported goods is likely to rise
Libya introduces new unified exchange rate
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The extended deal will replicate existing trading terms
Turkey, UK sign extend their free-trade deal
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The benchmark interest rate has been hiked for a second time in a row under the central bank's new chief
Turkey's central bank raises interest rate to 17%
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The new rates represent a dramatic reduction from the previous official rate of 1,182 IQD
Iraq's central bank devalues dinar by over a fifth
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There are no plans to revise value-added-tax in the short to medium term
Saudi Arabia sees economic recovery in 2021
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Nationals of 103 counties are exempted from entry visas into the Sultanate for a period of ten days
Oman seeks to boost tourism with visa-free 10-day entry
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Some Lebanese officials have accused Salameh of using bank secrecy laws to justify withholding information
Lebanon central bank can keep subsidies for only two more months
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Lebanon is suffering from a dangerous depletion of resources, including human capital
World Bank says Lebanon is in prolonged depression
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The agreement aims to provide a robust turnkey platform
UAE, UK boost trade ties
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