Central Bank rate cut brings relief for UAE borrowers / Image: File The Central Bank of the UAE lowered its base rate for the Overnight Deposit Facility (ODF) by 0.25 percentage points, from 3.90% to 3.65%, following a similar move by the US Federal Reserve. The cut takes effect immediately and is described by the […]
Saudi Arabia’s 2026 $350 billion budget emphasizes Vision 2030, giga projects, social programs, and economic growth/Image: SPA Saudi Arabia has approved its 2026 state budget, outlining ambitious spending plans aimed at sustaining economic growth, supporting citizens, and advancing the Kingdom’s Vision 2030 initiatives. The total budget for the coming fiscal year amounts to 1.313 trillion […]
According to GASTAT’s 2024 report, 71% of Saudi citizens are under 35, with a national median age of 23.5 years/Representative Image Saudi Arabia’s population remains overwhelmingly young, with new official data showing that more than seven in ten citizens are under the age of 35. The figures come from the Saudi Family Statistics Report 2024, […]
AI-generated image (Credit: Bing image creator) American consumer confidence in the economy has dropped to its lowest level since the onset of the Covid-19 pandemic. The Conference Board reported a sharp 7.9-point decline in April, bringing the index down to 86, marking the lowest reading since May 2020. The decline is being largely attributed to […]
