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Egypt has suspended activities at several Red Sea beaches after two women tourists were killed in two separate shark attacks last Friday. The first victim was a 68-year-old Austrian woman. She lost an arm and a leg due to a Read more
The International Monetary Fund has applauded Saudi Arabia’s economic reform program under Vision 2030 as being “an appropriately bold and far-reaching transformation of the Saudi Arabian economy.” IMF said ensuring the success of the long-delayed reforms announced last month will Read more
Bahrain would soon introduce austerity measures as recommended by a delegation from the International Monetary Fund (IMF) which visited the Gulf country January 12 to 25 for annual consultations. Bahrain is struggling with the low oil prices and IMF forecasted Read more
Riyadh has been signaled out by the International Monetary Fund (IMF) after consultations about the impact the low oil prices could have on its coffers, especially that almost half of the kingdom’s budget expenses are allocated to salaries, wages and Read more
Qatar tops the list of the world’s richest countries thanks to soaring oil prices and its massive natural gas reserves, says U.S. magazine Forbes. The Oil-rich emirate, which has a 1.7 million people, posts a gross domestic product per capita Read more