A currency devaluation would be too costly for Saudi Arabia and the better option is to adapt to the oil shock through fiscal changes, according to Goldman Sachs Group Inc.
“Unlike a devaluation, fiscal policy can shift the burden of adjustment on those more capable of bearing it through, for example, taxes on luxury goods,” Farouk Soussa, a Gol
...Parents in Abu Dhabi may choose to continue working from home while schools are closed under the latest guidelines issued by the emirate’s Department of Economic Development (ADDED).
The measures have been released in order to ensure the safe transition of employees returning to work, in addition to sector-based measures for construction,
Saudi Arabia is stepping up its investments in local agriculture and farming projects abroad at a time when the coronavirus pandemic prompts some nations to review how they feed their people.
Following the Covid-19 outbreak, the kingdom introduced two initiatives worth 2.5 billion riyals ($665 million) to support farmers and facilitate food
...Iran on Friday reported its highest number of new coronavirus infections in more than a month as it warned of clusters hitting new regions.
The Islamic republic has struggled to contain the virus that causes the Covid-19 disease since its first cases emerged in mid-February.
Health ministry spokesman Kianoush Jahanpour said 2,102 new cases were
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...Abatera Tours is an expert destination management company that covers all aspects of inbound tourism business including FIT Travel, Leisure groups and Meetings, Incentives, Conferences & Events (MICE)...
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