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Middle East

Saudi economy forecast to grow 2.6pc this year: IMF
Middle East

Saudi economy forecast to grow 2.6pc this year: IMF

  • Saudi Arabia itself has estimated its economy could swing back to growth of 3.2% this year after a 3.7% contraction in 2020.
  • The IMF said that multiple vaccine approvals and the launch of vaccinations in some countries in December had boosted hopes of an eventual end to the pandemic.
Published 26 Jan, 2021 07:35pm
Tunisian protesters gather at parliament
Middle East

Tunisian protesters gather at parliament

  • The government that only uses police to protect itself from the people - it has no more legitimacy.
  • In parliament, Prime Minister Hichem Mechichi proposed a new cabinet, a move President Kais Saied had on Monday rejected as unconstitutional.
Published 26 Jan, 2021 07:08pm
Israel and Saudi Arabia aim to push Biden away from the Iran nuclear deal
Middle East

Israel and Saudi Arabia aim to push Biden away from the Iran nuclear deal

  • The strategic re-alignment of Israel with major allies in the Middle East in the final days of the Trump Administration presents the Biden Administration with some significant complications.
  • Israel has been reportedly working very closely with Saudi Arabia, and a confluence of other allies in the Middle East, that are concerned that the Biden Administration will return to the original stipulations of the Iran Nuclear Deal.
Updated 26 Jan, 2021 11:54am
New Saudi central bank chief may face monetary strains in investment push
Financial

New Saudi central bank chief may face monetary strains in investment push

  • Saudi Arabia, which posted a fiscal deficit of 12% of GDP last year, plans to nearly balance its budget by 2023.
  • I think there will be more pressure on the monetary side to help revive economic activity and a greater focus on supporting the Public Investment Fund's growth objectives, including on the funding side.
Published 25 Jan, 2021 08:46pm
Israel-UAE partnership launches $100 million tech investment fund
Middle East

Israel-UAE partnership launches $100 million tech investment fund

  • Liquidity Capital, an Israeli fund management company has joined with Vault Investment, a Dubai-based company, to launch a $100 million debt investment fund.
  • The Dubai-based fund will target technology startups in the region, especially those looking for alternative sources of funding.
Updated 25 Jan, 2021 01:35pm
Hundreds march in Tunisia as protests sharpen
Middle East

Hundreds march in Tunisia as protests sharpen

  • Protesters chanted "the people want the fall of the regime" - a chant popularised during the so-call Arab Spring a decade ago.
  • The protests, 10 years after a popular revolt against autocratic rule introduced democracy in Tunisia.
Published 23 Jan, 2021 09:06pm
Top Iran leader posts Trump-like golfer image, vows revenge
Middle East

Top Iran leader posts Trump-like golfer image, vows revenge

  • The Twitter account of Iran’s Supreme Leader on Friday carried the image of a golfer resembling former President Donald Trump apparently being targeted by a drone, vowing revenge over the killing of a top Iranian general in a U.S. drone attack.
  • The post carried the text of remarks by Ayatollah Ali Khamenei in December, in which he said “Revenge is certain”.
Published 22 Jan, 2021 05:14pm