Arab and International

Saudi Stocks Falls after Govt. Triples VAT Rate

Monday, 11 May 2020

Gulf stock markets lost ground in early trade on Monday, with Saudi Arabia’s index falling the most after the kingdom said it will triple its value-added tax rate and suspend a cost of living allowance for state employees to shore up its finances. T...

Al-Monitor: Saudi Arabia Braces for Economic Impact

Sunday, 10 May 2020

A US report confirmed that radical changes will take place in Saudi Arabia, the most prominent of which is the lifestyle of its citizens in the near future, adding that the Saudis will not live as their parents lived and they see that the oil price ...

Pentagon Pulling Patriot Missile Systems from Saudi Arabia

Sunday, 10 May 2020

The US military is removing Patriot antimissile systems from Saudi Arabia as part of a shift of forces and equipment in the region, a US official confirmed. The Wall Street Journal first reported o Thursday that Washington is moving four Patriot mi...

Over 4.1mn Now Infected with Coronavirus Globally, 280K+ Dead

Sunday, 10 May 2020

The new coronavirus has now infected 4,101,641 people and killed 280,435 others globally, according to Johns Hopkins University data. The United States remains the worst-hit nation, with more than 1,340,000 cases of infection and over 80,000 deaths...

US Sets Up New Military Base in Syria’s Oil-rich Dayr Al-Zawr

Saturday, 09 May 2020

The United States has reportedly established a new military base in Syria’s oil-rich eastern province of Dayr al-Zawr after bringing in reinforcements to the war-torn Arab country. The so-called Syrian Observatory for Human Rights (SOHR) quoted reli...

UAE and Saudi are clashing in Yemen

Saturday, 28 March 2020

Bethan McKernan Middle East correspondent of the Guardian wrote a report about the aggression on Yemen. At the beginning of this year, the UN’s special envoy to Yemen, Martin Griffiths, praised the country’s warring parties for largely sticking to a ...

Arab’s Economy Lost 8% of Its Wealth Due to COVID-19

Saturday, 09 May 2020

The head of the Arab Businessmen Union, Hamdi Al-Tabbaa, estimated that the losses of the Arab economy due to the Corona pandemic would amount to approximately $ 323 billion. Al-Tabbaa based his estimates, based on a recent report by the Internationa...

UK Economy Is Heading for Its Worst Crash in 300 Years

Saturday, 09 May 2020

The UK economy is heading for its worst crash in more than 300 years because of the coronavirus pandemic, according to a new forecast from the Bank of England. The central bank said Thursday that the British economy could shrink by 14% this year....

Record 20.5 Million American Jobs Lost in April

Saturday, 09 May 2020

With much of the American economy in self-imposed shutdown to prevent the spread of coronavirus, April’s colossal surge in unemployment delivered a historic blow to workers. The US economy lost 20.5 million jobs in April, the Bureau of Labor Statis...

COVID-19: Saudi Arabia to Cut Salaries by 40%

Wednesday, 06 May 2020

The Saudi government issued a ministerial decision  on Sunday to regulate the labor contract during exceptional circumstances caused by the coronavirus outbreak. It stipulates reducing salaries in the private sector by 40 percent with the possibility...

US Pulling Patriot Missiles from Saudi Oil Facilities

Friday, 08 May 2020

The United States is pulling its Patriot missile systems from Saudi soil as part of broader curbs on its military support for the Arab kingdom, a report says. Citing unnamed US officials, The Wall Street Journal reported on Thursday that four Patrio...

5.1 magnitude earthquake hits Iran

Friday, 08 May 2020

A 5.1 magnitude earthquake hit the town of Damavand  in northern Tehran province, Iran’s Seismic Monitoring Center said. Several aftershocks ranging from 2 to 2.5 degrees hit Tehran and its neighboring cities after the first quake hit the capital, t...