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seen shrinking 5.2% this year before rebounding to 3.1% growth next year. A similar poll conducted three [...] economy and world's largest oil exporter growing 1.0% in 2020 and 2.0% in 2021. In March, a Sau [...] Cooperation Council (GCC) members, contracting 6.1% in 2020 before growing 2.5% next year. Three months

million investment ($88m/Dh323m) in the Seagreen 1 wind farm will be Total’s first significant foray [...] announcement that it reached financial close on the 1,140 megawatt project, SSE said it’ll also buy 30 per [...] Designed to cover the energy needs of around 1 million homes, the project will be completed by 2023

boosted its spending package last week to a record $1.1 trillion yen, which will be paid for partly by issuing [...] the BOJ targets short-term interest rates at -0.1% and 10-year bond yields around 0%. It also buys [...] - straining Japan's already tattered finances. ($1 = 107.3300 yen) (Reporting by Leika Kihara and Tetsushi

rental market, thanks to the tripling of VAT from July 1 to help the coronavirus-hit economy. According [...] year-on-year (y-o-y), while average rental rates dropped 1 percent y-o-y. In Jeddah, average sales prices [...] rents across office spaces (grade A and B) dropped 1 percent yoy in Q2 2020, while rents fell by 4 percent

decline from 18.5% and 8.1% respectively in June 2015. This compares with 2.1% for larger corporates and [...] and 2.7% for residential mortgages. ($1 = 0.8740 euros) Source: https://www.zawya.com/mena/ [...] 458bln_in_COVID_loan_losses-TR20200721nL5N2ES2PEX1/

risen more than 1 percent this week, with prices at a near eight-year high of more than $1,779 on Wednesday [...] increase of VAT to 15 percent (starting from July 1) played a role in moving the market” Ali added. [...] Arabia is tripling its value added tax (VAT) from July 1 in an effort to increase government revenues in response

here . https://www.ft.com/content/636c2abc-00e1-434d-8691-9299cb25b4a0 Consumer confidence [...] points to minus 22, while for the eurozone it fell 11.1 points to minus 22.7, according to a monthly survey [...] over the whole year — compared with a drop of only 1 per cent in 2009, at the time of the financial crisis

deals, compared to 4.6 billion dirhams ($1.25 billion) through 1,840 deals during the same period last year [...] in agent and client referrals in Q2 compared to Q1. Transaction value has also surged as people are now [...] increased by 34 percent to reach 6.3 billion dirhams ($1.72 billion) by the end of April, through 2,617 real

Saudi Arabia announced that it would reduce another 1 million barrel per day (bpd) next month, while the [...] cut to production would widen fiscal deficits by 1 percent to 2 percent of GDP. GCC countries have [...] smaller (at about 5 percent of GDP in Saudi Arabia and 1-2 percent of GDP elsewhere), mostly relating to suspension

Annual global temperature is likely to be at least 1°C warmer than pre-industrial levels in each of the [...] Geneva, which also shows that temperature could exceed 1.5°C in at least one year between now and 2024. [...] Earth’s average temperature has already risen beyond 1°C above the pre-industrial period, which spans 1850-1900