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  • Saudi SAMA reiterates commitment to exchange rate policy

    “SAMA remains committed to maintaining the exchange rate at the official rate of SAR 3.75 to the dollar as an anchor of monetary and financial stability,” the Saudi central bank explained, adding that the “current exchange rate arrangement is a primary driver for monetary stability and sustainable economic growth.”

  • The Saudi Stock Exchange Monthly Report

    The total value of shares traded for the month ending 30 April 2020 amounted to SAR 95.59 billion, decreasing by 18.25% over the previous month; while total stock market capitalization reached SAR 8,005.42 billion at the end of this period, increasing by 5.86% over the previous month.

  • 45 Moments that Changed the Middle East

    To celebrate our 45th anniversary we look back at 45 moments that changed the Middle East and how Arab News covered them

  • Taliban recalls negotiators from Afghanistan after suspending prisoner exchange talks

    The Taliban on Tuesday recalled the insurgent group’s negotiators from Afghanistan hours after they suspended talks on a prisoner exchange process with the Afghan government, a spokesman for the hardline Islamist group said in a tweet.

  • Saudi stock exchange Tadawul to operate with reduced working hours

    Saudi stock exchange Tadawul said on Monday it will continue to operate normally on reduced working hours from 10 am (0700 GMT) to 1 pm, after the Saudi government imposed a 24-hour curfew on a number of cities amid coronavirus fears.

  • How COVID-19 will change GCC labor markets

    The siren is blaring for labor markets because the last oil market downturn spurred a series of policy shifts with "nationalization" of jobs in certain sectors, more flexible visas, new taxes and fees on the backs of foreign workers and vast purges of low wage workers in construction.

  • The Perfect Storm: Coronavirus and Climate Change in the Middle East

    While the solutions to a public health disaster are very different to those of climate change and pollution, the pandemic is (yet another) illustration of the damage these environmental crises could inflict.

  • Pompeo arrives in Kabul amid impasse over Taliban prisoner exchange

    Secretary of State Mike Pompeo flew into Kabul on Monday amid an impasse between the Afghan government and the Taliban over a proposed prisoner exchange. Pompeo made the unannounced trip to Kabul even as senior U.S. officials have dramatically scaled back most international travel due to the coronavirus pandemic.

  • Commentary: Has Saudi Long-Term Oil Policy Changed?

    The Saudis may be choosing a completely new strategy. As owners of a huge geological petroleum endowment, they could be moving to monetize their reserves more quickly to avoid being stuck with a rapidly depreciating asset. Energy scholars call it a “fast monetization strategy,” and Saudi advisers have been discussing it in private for some time.

  • Trail running in Saudi Arabia at the vanguard of change as the kingdom opens to tourism

    In Saudi Arabia, the French organisers expected to be tapping mainly into the Gulf expat market, but “were really surprised that Saudis registered in numbers”, said Jean-Charles Perrin, the CEO of Run for You. But insiders of the Saudi running scene said that there was now a genuine demand for running events in the Kingdom. Running now happily coexists with horse and camel racing, shooting, archery and falconry – traditional favourites among the Saudis, explains Nizar Al-Tuwaijri.