Riyadh: The Saudi economy shrank by 0.5 percent in 2017 for the first time in eight years due to a drop in oil production, the finance ministry said on Tuesday.
The last time the OPEC kingpin´s economy contracted was in 2009, when gross domestic product dropped 2.1 percent after the global financial crisis sent oil prices crashing.
The world´s leading crude exporter announced an expansionary budget on Tuesday in a bid to stimulate the sluggish economy.
“Railway fares will be reduced by 25% for first three days of Eid-ul-Fitr,” announces Pakistan Railways
Benchmark KSE-100 index gains 694.73 points or 1% to settle at 70,314.71 points by the closing bell
Sam Altman made it to the billionaires' club but he isn't even in top 10
Remittances by overseas workers increased by 16% year-on-year to $3 billion
During meeting, emphasis placed on KSA supportive role in Pakistan's economy and desire to strengthen trade ties
KSE-100 index gains over 1,200 points to close at 69,619.98
