The speed of decline in Saudi Arabia's foreign reserves slowed in July after the government began issuing domestic debt to cover part of a budget deficit created by low oil prices, central bank data showed on Thursday.
Iran's foreign reserves total between $115 billion and $125 billion, including assets in its sovereign wealth fund, its industry minister said on Friday in one of the most detailed public descriptions of the reserves by an Iranian official.
The large fiscal reserves which the United Arab Emirates has built up will allow it to keep spending on development projects in coming years despite the recent plunge in oil prices, the economy minister said.
Although some people
A planned nature reserve in the west of Bahrain is being fenced off to prevent further fly-tipping after thousands of tonnes of rubbish were dumped on the site.
Fencing work at Al Louzy, where 160,000 sq m has been set aside for a
Qatar’s international reserves rose $43.5 billion in August driven by a strong current account surplus, an increase of $7.2 billion as compared to the same period last year, according to a report.
The latest QNB Monthly Moni
Starbucks, the world’s leading coffee retail chain, has launched its first Reserve store in Bahrain.
The new store at Bahrain City Centre, the kingdom’s largest shopping, leisure and entertainment complex, offers
Saudi Arabia's central bank will keep its current strategy for managing the country's foreign reserves, central bank governor Fahad Al-Mubarak said on Tuesday, indicating a continued emphasis on US dollar assets.
The US government will create a million-barrel petrol reserve in the Northeast, a reaction to the aftermath of Superstorm Sandy in 2012 when motorists were left without fuel, exposing vulnerabilities in the fuel distribution network.
Saudi Arabia, one of the world's largest barley importers, has a strategic reserve of four million tonnes to last the kingdom for around eight months, a Gulf-based industry source with knowledge of the matter told Reuters.
Egypt's foreign reserves rose to $17.307 billion in February from $17.105 billion in January, the central bank said on Tuesday.
Reserves have been sharply falling since a 2011 uprising that ousted President Hosni Mubarak but w