Saudi Arabia is set to launch its first international bond sale on Wednesday to help ease an economic downturn caused by oil price slump, reports said.
The kingdom is targeting between $10 billion and $15 billion in the bond sale.
The number of Americans filing for unemployment aid fell from a 14-month high last week, the latest sign that the economy was regaining speed after stumbling in the first quarter.
Another report on Thursday showed factory activity
A discussion on the growth opportunities and fiscal trends shaping Qatar and Saudi Arabia amidst sliding oil prices is slated to be held online on May 24. The programme will be hosted by consultancy firm Frost & Sullivan.
Economic confidence amongst CEOs in the Middle East and North Africa (Mena) has continued to decline in the first quarter of this year, according to a survey carried out by YPO, a network of global business leaders and chief executives.
International Monetary Fund managing director Christine Lagarde said the fund would do more in 2016 to help its members meet economic growth objectives, including devoting more resources to protect vulnerable countries.
Standard Chartered has appointed Dima Jardaneh as the new head of economic research for Middle East and North Africa, Pakistan and Turkey.
In her new role, Jardaneh will lead a team of economists covering
Asian shares slipped on Friday as mounting concerns about the health of European banks further threatened a global economic outlook already under strain from falling oil prices and slowdown in China and other emerging markets.
Economic confidence among chief executive officers in the Middle East and North Africa (Mena) region slipped in the final quarter of last year to a three-year low, according to a recent report.
The YPO Gl
Dubai Forward, an annual conference on Dubai as a financial and private banking centre, is set to feature several critical topics that are of importance to the growing emphasis on the emirate's progress towards becoming a global financial