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  • Trump: US decision on Olympics will be guided by Japan’s prime minister

    Trump on Monday said that the U.S.'s decision on whether to participate in the Summer Olympics in Tokyo will be “guided by the wishes” of Prime Minister Shinzo Abe of Japan. The president said in an early-morning tweet that he trusted Abe to make a "proper decision" about the event, as the number of confirmed cases of the coronavirus continued to climb worldwide, causing a mass closure of businesses and schools and a suspension of sporting events.

  • Under quarantine, Saudis cling to delivery services for three square meals a day

    Saudis love to eat out — but when that’s off the table, what are the options? Any entrepreneur will tell you that every challenge is an opportunity, and the spread of the coronavirus is no exception. From long-standing food delivery apps such as Talabat and HungerStation, to newer ones such as Jahez, Carriage and Lugmety, the appeal of having dinner brought right to your door has never been stronger.

  • Saudi Arabia Ranks 27th Globally, 2nd in Arab World in 2020 Happiness Index

    Saudi Arabia advanced to the 27th position globally in the annual World Happiness Report 2020. The jump also lands it in second place in the Arab world. The UN issued report measures the indicators of happiness in 156 countries. The Kingdom had come in 28th place in 2019 and 33rd in 2018.

  • Saudi Social Development Bank launches $3.2bn fund to support start-ups and SMEs

    The Saudi Social Development Bank, with the support of the National Development Fund, has launched a program to support owners of small and emerging enterprises in promising and priority sectors, as well as low-income families, the Saudi Press Agency reported. It is doing so by allocating an additional budget of SR12 billion ($3.19 billion) to help mitigate the expected financial and economic impacts of the fight against coronavirus.

  • Saudi Coronavirus Cases Pass 500

    Saudi Arabia reported a jump of almost a quarter in coronavirus cases on Sunday while the United Arab Emirates pumped more money into its economy as its state-owned carrier Emirates said it would halt almost all passenger flights. Saudi Arabia recorded 119 new cases of the virus for a total of 511, the highest in the Gulf Arab region, the Health Ministry said.

  • Oil Outlook, Coronavirus Challenge Gulf’s Economic Diversification

    Economic diversification away from hydrocarbon revenue remains an ongoing, expensive process in the Gulf states. The high-priority, non-oil industries earmarked for diversification efforts rely heavily on the transnational flow of international visitors and physical goods. Like the oil industry, these segments of Gulf economies have experienced abrupt shocks and appear poised for a difficult 2020.

  • Analysts Praise Saudi, Israeli Approaches to COVID

    "Saudi Arabia, Jordan and Israel, I think they did a much better job than many Western countries. Look at Italy, Spain, Germany, UK and US all of them were very late in realizing how dangerous this pandemic is and taking public measures to contain and mitigate it," he said.

  • One-Two Punch of New Virus, Falling Oil Prices Threaten Iraq

    The economic fallout from the coronavirus coupled with a sudden drop in oil prices is threatening to catapult Iraq into an unprecedented crisis. The crude-exporting country is struggling to finance measures to contain the pandemic amid a leadership void in the federal government, and the unexpected oil price war between Russia and Saudi Arabia is further exacerbating budget shortfalls as losses accrue daily in trade, commerce, tourism and transportation.

  • Opinion: Saudi Arabia should call a truce in oil price war: Kemp

    Saudi Arabia’s carefully nurtured reputation for being a reliable oil producer and its aspiration to be seen as a responsible global leader will be in jeopardy if the kingdom continues to pursue its volume war. Pressing on with such a tactic in the midst of the worst global health emergency since the influenza pandemic of 1918 and one of the deepest global economic downturns in a century would be supremely dangerous.

  • Arabs Urge Yemen’s Houthis to Allow UN to Assess Oil Tanker

    Six Arab countries are urging the U.N. Security Council to exercise “maximum efforts” to persuade Yemen’s Houthi Shiite rebels to allow the United Nations to inspect a tanker moored in the Red Sea while loaded with over a million barrels to prevent “widespread environmental damage, a humanitarian disaster and the disruption of maritime commerce.”