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Digital Ruble to Help Curb Use of ‘Money Surrogates,’ Russia Says in Financial Strategy Document

Digital Ruble to Help Curb Use of ‘Money Surrogates,’ Russia Says in Financial Strategy Document

The Strategy for the Development of the Financial Market of the Russian Federation by 2030 was released this week by the Ministry of Finance.
The plan is open for public discussions between Sept. 14 and Oct. 13, 2021, according to a notice published by the State Automated Information System.
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AI Is Remaking the US Economy, From GDP Growth to iPhone Prices

The race to build data centres and buy advanced chips is lifting investment, construction and stock values, while increasing debt, import demand and pressure on technology suppl...

Saudi Arabia Authorizes Global Financial Firms to Expand Regional Operations From Riyadh

The government has approved measures allowing international financial institutions with Saudi regional headquarters to increase their approved cross-border activities, supportin...

Spinneys Raises Saudi Ownership Stake to Seventy Percent as Retail Market Expands

Premium supermarket chain Spinneys has increased its ownership stake in its Saudi operations, aiming to expand across the Kingdom as consumer spending continues to grow.

International Monetary Fund Highlights Saudi Economic Resilience and Diversification Progress

Saudi Arabia welcomed the IMF’s latest assessment, which highlighted progress in economic diversification, institutional development, and Vision 2030 reforms.

Saudi Government Allows Licensed Regional Headquarters to Conduct Cross-Border Financial Activities

Saudi Arabia has approved new rules allowing financial institutions with licensed regional headquarters in the Kingdom to conduct approved cross-border transactions, strengtheni...

Red Sea Global Resorts Receive Environmental Certification for Sustainable Tourism Development

Two luxury hospitality projects on Saudi Arabia’s Red Sea coast have received DarkSky certification, supporting the Kingdom’s efforts to promote environmentally focused tourism ...

Riyadh Air Expands Saudi Aviation Network With Asian Market Entry

The Kingdom’s new airline is preparing for international growth as it begins launching routes aimed at strengthening Saudi Arabia’s position as a global aviation hub.

Saudi Arabia Imposes Anti-Dumping Duties on Indian Iron Pipe Imports

The government has introduced final anti-dumping tariffs on certain iron pipe imports from India to support domestic manufacturing and protect local industrial supply chains.

Saudi Arabia Approves New International Aviation, Space, and Investment Agreements

The Saudi Cabinet has ratified agreements with Spain, Turkey, and Kazakhstan covering civil aviation, space cooperation, and investment protection as Riyadh expands internationa...

Saudi Arabia Reforms Regional Councils to Support Vision 2030 Development Goals

King Salman has issued a royal decree appointing new members to the Kingdom’s thirteen regional councils for a four-year term focused on local economic development and administr...

Saudi Arabia Prepares to Host First Esports Nations Cup in Riyadh

The Kingdom is set to host the inaugural Esports Nations Cup as Saudi Arabia continues expanding its role in global competitive gaming and esports investment.

Riyadh Air Launches Manila Route as Saudi Aviation Expansion Accelerates

Saudi Arabia’s new national airline has opened ticket sales for daily flights to Manila beginning in September, marking a key step in its plan to expand international connection...
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