Losing more than a quarter of their value, oil prices were set today for their biggest daily rout since the first Gulf War, after Saudi Arabia cut its official prices in a market already reeling from the impact of the coronavirus on global demand. Saudi Arabia slashed its official selling prices and made plans…

The number of people infected with coronavirus topped 110,000 across the world as the outbreak reached more countries and caused more economic damage. DEATHS/INFECTIONS More than 110,000 people have been infected by the coronavirus across the world and over 3,800 have died, according to a Reuters tally of g…

In a statement to Tabadul, the economist Omar Al-Zarmouh, considered that the decision of raising the fee on selling foreign currency is wrong and unjustified, adding that it is too early to adopt this step. AL-Zarmouh clarified that this measure will lead to the rise of foreign exchange rates, as economy depen…

In a statement to Tabadul, the dean of economics faculty at Al-Mergib University, Mahmoud Al-Mahjoub, confirmed that reducing the salaries of the Presidential Council, ministers and agents by 40% is a good initiative counted for the Council, though belated. Al-Mahjoub said that, as the country needs all its fin…