Central Banks Battle Hyperinflation with Interest Rate Cuts: What it Means for the Economy

Central Banks Battle Hyperinflation with Interest Rate Cuts: What it Means for the Economy

For about two years, hyperinflation has been the focus of events, so the persistent attempts made by central banks to reverse its course have increased, and with the war of central banks on the specter of inflation, it seems that the world is on the verge of reaching a new chapter in this economic narrative. … Read more

Standard & Poor’s adjusts Bahrain’s outlook to stable amid deficit concerns – CNN Economic

Standard & Poor’s adjusts Bahrain’s outlook to stable amid deficit concerns – CNN Economic

On Friday, Standard & Poor’s credit ratings agency revised the outlook for the Kingdom of Bahrain’s economy from positive to stable, indicating spending pressures that may push the fiscal deficit to a wider range than previously expected. According to Reuters, Standard & Poor’s maintained its rating at (B/B+) for Bahrain, and said it expects the … Read more

Challenges Faced by Businesses with Mandatory Sale of Export Proceeds under New Mechanism

Challenges Faced by Businesses with Mandatory Sale of Export Proceeds under New Mechanism

Businesses have encountered difficulties with the mandatory sale of export proceeds under a new mechanism launched in October by presidential decree. The key question is how to deal with rubles that come from buyers to foreign accounts. Now the rules are interpreted in such a way that exporters need to exchange at least part of … Read more

The Inspirational Journey of Dr. Abdullah Al-Fawzan: From Taxi Driver to Sociology Professor

The Inspirational Journey of Dr. Abdullah Al-Fawzan: From Taxi Driver to Sociology Professor

Al-Marsad newspaper: Sociology professor Dr. Abdullah Al-Fawzan revealed the story of his work as a taxi driver for an elderly person and his daughters for 150 riyals. Al-Fawzan said, in a video clip: I was a taxi driver in high school, and I was with a young man and his daughters. I used to drive … Read more

Ministry of Finance Proposes New Requirements for Exporters’ Consolidated Statements on Foreign Currency Assets and Liabilities

Ministry of Finance Proposes New Requirements for Exporters’ Consolidated Statements on Foreign Currency Assets and Liabilities

The Ministry of Finance proposed to oblige exporters to submit consolidated statements to the Bank of Russia on foreign currency assets and liabilities – that is, taking into account all subsidiaries, including foreign ones. This is stated in the draft amendments to the law on currency control prepared by the ministry (Vedomosti has the document). … Read more

Dollar Exchange Rate Forecast: Advice to Quickly Sell Dollars by Economic Expert

Dollar Exchange Rate Forecast: Advice to Quickly Sell Dollars by Economic Expert

White news 11.09.2023 21:52 [email protected] Doctor of Economic Sciences, Director of the Institute of Psychological and Economic Research Alexander Neverov advised Russians to quickly sell dollars. According to his forecasts, the exchange rate of the American currency against the Russian ruble will soon decrease. This is reported by bankiros.ru. What will the dollar exchange rate … Read more

The Inspiring Journey of Saudi Chef Ibrahim Bashasha and his Dedication to Cooking

The Inspiring Journey of Saudi Chef Ibrahim Bashasha and his Dedication to Cooking

Al-Marsad Newspaper: Saudi chef Ibrahim Bashasha narrated his work experience in the field of cooking, and revealed the reason for his resignation from his government job. He said during an interview with Al-Arabiya channel that he started his work in the field of cooking since he was a child studying in the fifth grade of … Read more

Obaid Al-Shammari: Rising Star in Blacksmithing and Caravan Manufacturing

Obaid Al-Shammari: Rising Star in Blacksmithing and Caravan Manufacturing

Al-Marsad newspaper: The young man, Obaid Al-Shammari, showed his talent in blacksmithing and manufacturing caravans and food carts, whose prices range according to their types and designs to more than 60 thousand riyals. Al-Shammari, who is 30 years old, said, in a report prepared by Al-Ikhbariya, that he swept the market with his work in … Read more

The Story of Khaled Al-Bawardi: A Pioneer Chef in Riyadh for 30 Years, Offering Free Training to Saudis

The Story of Khaled Al-Bawardi: A Pioneer Chef in Riyadh for 30 Years, Offering Free Training to Saudis

Al-Marsad Newspaper: Citizen Khaled Al-Bawardi revealed the story of his work as a chef in one of the regions of Riyadh 30 years ago, and the secret of his free training for Saudis. Al-Bawardi said in a report broadcast by Al-Arabiya that he was the first person to open a restaurant in this area 30 … Read more