Category Archive for "economy"

Interest rates: economists and homeowners brace for Super Thursday

Thursday is a red letter day for Bank-watchers, because its nine-member MPC will announce their August interest rate decision; publish the minutes…

Consumption of bottled water up 10% this season

JEDDAH: Local bottled water consumption during the summer, Umrah and Haj seasons this year will increase by 10 percent. “This translates into…

GCC-wide VAT ‘likely in the next three years

The Gulf Co-operation Council (GCC) may witness the advent of value-added tax (VAT) in the next two to three years with its…

The M.I.T. Gang

Goodbye, Chicago boys. Hello, M.I.T. gang. If you don’t know what I’m talking about, the term “Chicago boys” was originally used to…

SAMA: SR454.4bn provided by govt. lending Institutions for Kingdom’s development

JEDDAH: The government lending institutions, specializing in the provision of loans that contribute to the achievement of Saudi Arabia’s development goals, have…

What would happen if Greece left the Euro?

The Greek government has just a few days left to preserve its place in the currency union, according to finance ministers in…

Saudi crude consumption to reach 3 million b/d in Q3: analyst

Saudi Arabia’s refinery intake increased by 235,000 b/d or 12% year on year in the second quarter, and total consumption is expected…

12