Showing results for "2 march"

Saudi Arabia, World Bank pledge $100m to global tourism fund

  • RIYADH: Saudi Arabia, in partnership with the World Bank, pledged $100 million to establish the International Fund for Comprehensive Tourism, Ahmed Al-Khateeb, the Kingdom’s Minister of Tourism said during the opening speech of the Tourism Recovery Summit 2021 held in Riyadh. “This will be th...
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Iran’s online anti-government protests gain momentum

  • RIYADH: The online presence of the anti-government campaign, “no to the Islamic Republic”,  calling for the removal of the clerical regime has gained popularity in the recent days, TV news channel Al Arabiya reported. The campaign launched in March against the current government has ga...
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Gaza death toll nears 30,000 as aid groups warn of ‘imminent’ famine

  • GAZA STRIP, Palestinian Territories: The Gaza war’s reported Palestinian death toll neared 30,000 Wednesday as fighting raged in the Hamas-run territory despite mediators insisting a truce with Israel could be just days away. Another 91 people were killed in overnight Israeli bombardment, the ...
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Focus: Investors' Safe Havens Amid Turbulent Markets

  • What happened: Markets were moderately up yesterday, and the risk sentiment continued for European stock markets into Tuesday. The WHO said that the coronavirus disease (COVID-19) outbreak may be nearing its peak in Europe. This shifted the conversation from stimulus packages to where the g...
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FOCUS: Devastating First Quarter 2020- worst since global financial crisis or even great depression.

  • What happened: For European stock markets this was the worst quarter since the financial crisis in 2008. For the S&P it was the worst quarter since 1938. After having reached an all-time record on Feb. 19, it took 16 days for the index to move into bear territory ending an 11-year bull ma...
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FOCUS: GCC economies badly affected by COVID 19 amid tumbling oil price and lockdown

  • What happened: Germany and Italy extended their lockdown until after the Easter holiday and April 19 respectively. Eighty percent of the US economy is in lockdown. President Trump reiterated that the next few weeks would be very difficult. While the worst is still to come for the US, the tr...
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Focus: on US labor market and oil price volatility

  • What happened: Yesterday the number affected by the coronavirus surpassed 1 million and fatalities neared 50,000 globally. US jobless numbers jumped by a record 6.6 million, bringing the total of US workers filing for unemployment in the past two weeks of March to nearly 10 million. In France...
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FOCUS: Airline sector risking decimation after COVID 19 groundings

  • What happened: Eurozone finance ministers failed to reach an agreement on a rescue package on Wednesday, April 8, with a rift persisting between the southern nations, arguing for common issuance of “Coronabonds” and northern countries insisting on using the European Stability Mechanism, which ...
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Focus: Stimulus packages and oil in turmoil

  • What happened: New US jobless claims for the week ending April 3 came in at 6.6 million, which brings the total since March to nearly 17 million. Most economists predict that we should not expect unemployment numbers to improve dramatically as the economy comes out of lockdown. The Fede...
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Focus: US earnings season is upon us

  • What happened: France has announced it is to extend virus lockdown measures until May 11 and the UK was expected to follow suit with an extension to its restrictions later in the week. Several European economies such as Austria and Denmark have started the process of the gradual easing of m...
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