Left Menu
Development News Edition

Saudi Arabia says it provided $40 bln to PIF from foreign reserves

Reuters | Riyadh | Updated: 30-05-2020 10:54 IST | Created: 30-05-2020 00:00 IST
Saudi Arabia says it provided $40 bln to PIF from foreign reserves

Saudi Arabia transferred a total of 150 billion riyals ($40 billion) from central bank foreign reserves to fund investments by sovereign wealth fund PIF in March and April, the finance minister said on Friday.

Minister Mohammed al-Jadaan also said in a statement that the government would continue to implement development plans to diversify the economy, increase local content and support private sector growth. ($1 = 3.7545 riyals)



New farm bills in India: Focusing on farms or farmers?

... ...

Kenya’s COVID-19 response: Chaos amid lack of information

Confusing numbers and scanty information on how effective curfews and lockdowns have been in breaking transmission have amplified coordination and planning challenges in Kenyas response to COVID-19. Without accurate data, it is impossible t...

Farkhad Akhmedov: Calculating the price of impunity from the law

In insistences such as the battle over the Luna, Akhmedov has resorted to extreme legal machinations to subvert the High Courts decision and keep his assets from being seized. ...

Guinea’s elections hearken back to the autocracy and violence of its past

... ...


Latest News

PRESS DIGEST- Financial Times - Oct 22

The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy. HeadlinesUK and EU to resume talks in final push for post-Brexit trade deal httpson.ft.com37xtDTISunak s...

U.S. envoy secretly met associate of Venezuela's Maduro on peaceful exit but no deal -sources

A senior Trump administration envoy met secretly with a representative of Venezuelan President Nicolas Maduro last month to try to work out Maduros peaceful exit from power, but no agreement was reached, three people familiar with the matte...

Republicans to push ahead with U.S. Supreme Court pick despite Democrats' boycott

U.S. Senate Republicans pledged to go ahead with a vote on Thursday on President Donald Trumps Supreme Court nominee, Amy Coney Barrett, despite Judiciary Committee Democrats pledging to boycott a proceeding that they called a sham. Senate ...

US proposes not to issue business visas for H-1B speciality occupations

The US State Department in a federal notification Wednesday proposed to make changes to its existing visa regulations under which foreign professionals, which would fall under H-1B, would not be issued temporary visa for business, as has be...

Give Feedback