The news, anew
Saudi Arabia, the world's top oil exporter, faces a major economic contraction this year, the IMF said Tuesday, as deadly attacks by Yemen's Houthis squeeze a country already suffering from the Middle East war. Saudi Arabia's GDP is expected to shrink by 3.3 percent, the International Monetary Fund said in its latest World Economic Outlook report, predicting a regional drop over Iran's blockading of the Strait of Hormuz.
Business
Iran halts vehicle imports to prioritise medicine and essential supplies Tehran has paused vehicle imports for hotel operators and Iranian expatriates, directing foreign currency towards medicines and other necessities, government spokeswoman Fatemeh Mohajerani says. “Due to the country’s special circumstances, the allocation of foreign currency to all non-priority matters has been suspended by order of the president,” she said, according to Tasnim. The temporary restrictions extend to every…
Business
Sharjah Media City partners with Hungary’s Origo Studios to build expertise behind upcoming production hub
Business
The monetisation of mental health
