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The IMFSaid Last Month That Growth in the Non-Oil Sector Was Expected to Accelerate as the Kingdom Moved Ahead With Economic Reforms. (Shutterstock)

September 18th, 2018 - 07:18 GMT

IMF Confident Saudi Can Meet 1.9 Percent GDP Forecast

Saudi Arabia’s economy can achieve an International Monetary Fund forecast of 1.9 percent gross domestic product growth this year, the central bank governor said on Sunday.

A woman holds a sign reading 'We trust you with our rights, please do not rob them' during a demonstration by UNRWA employees. (Mahmud Hams/AFP)

September 2nd, 2018 - 08:50 GMT

World Condemns U.S. UNRWA Fund Slash

The King was advised that the IPO would undermine the Kingdom’s economy instead of helping it and their main concern was that it would bring full public disclosure of Aramco’s financial details. (AFP)

August 29th, 2018 - 10:37 GMT

Saudi Arabia Calls off Aramco IPO Plans

The young Crown Prince Mohammed Bin Salman was appointed in 2017 and has raised controversy over his policies and views on several foreign and domestic issues in the ultra-conservative Kingdom. (AFP/File Photo)

August 28th, 2018 - 11:22 GMT

Rumors Swirl Following Saudi Arabia's Cancellation of Aramco IPO

Tesla’s shares, already down nearly 10 percent from their level on 7th August, just before Musk tweeted that he had “funding secured” for a buyout at $420 a share, fell 5 percent in trading in Germany to $263.50. (Shutterstock)

August 28th, 2018 - 09:40 GMT

Tesla Shares Plunge After Musk Calls off Private Deal

Aramco is the world's most profitable energy company. With a net income of $33.8 billion in the first half of 2017 before taxes, a considerable amount of the income goes to the government budget, which could change. (AFP)

August 28th, 2018 - 09:34 GMT

With an Indefinite Halt on Its IPO, What's Next for Saudi Aramco?

Turkish President Recep Tayyip Erdogan. (AFP/ File)

August 27th, 2018 - 11:56 GMT

Turkish President Vows to Bring 'Peace and Safety' to Syria, Iraq

Offices of Saudi Aramco (AFP)

August 27th, 2018 - 11:35 GMT

As Aramco IPO is Cancelled, Saudi Arabia's Rhetoric Meets Reality

An ounce of gold is now worth $544 up from $447.76. (Shutterstock)

August 27th, 2018 - 10:48 GMT

Gold Ounce Price up to $544

The loan which was increased from an initial guide size of $6 billion to $8 billion, comes after the Kingdom postponed Aramco’s initial public offering. (Shutterstock)

August 27th, 2018 - 10:13 GMT

Saudi Arabia Public Investment Fund Raises $11 Billion Loan

Iranian defence minister Amir Hatami, left, meets with Syrian president Bashar Al Assad in Damascus. (SANA/AFP)

August 27th, 2018 - 09:09 GMT

Syria Discusses Developing Military Cooperation with Iran

Musk met with the electric car and solar panel company's board on Thursday to tell them he thought the company should stay public and the board agreed, according to the statement. (Shutterstock)

August 26th, 2018 - 10:22 GMT

Musk Calls Off Private Deal, Tesla Remains on Public Stock Exchanges

U.S. President Donald Trump (left) and Israeli Prime Minister Benjamin Netanyahu.(AFP/File)

August 24th, 2018 - 08:00 GMT

Israel Urges U.S. to Recognize Claim to Golan Heights