Economists debating inflation in the United States are confronting a difficult challenge: stripping out volatile price changes to gauge underlying pressures. The most common measure of underlying or “core” inflation, which excludes volatile food and energy prices, has been hard to read during the pandemic. The traditional measure came into wider use in the 1970s, … Read more
RIYADH: The value of point-of-sale transactions in Saudi Arabia reached SR40.5 billion ($10.8 billion) in October, up 1.2 per cent, compared with the previous month, Arab News quoted the Saudi Central Bank, as saying. Some of the sectors that helped drive the increase were restaurants and cafes, hotels, food and beverages, clothing and footwear. For … Read more
Have you ever dreamt of living and enjoying a meal in a space hotel? This thing is actually becoming true! As per the details, work on the world’s first space hotel is likely due to begin in low Earth orbit in 2025. According to the international news agency, the hotel will be based on a … Read more
Qatar to charter two cruise liners to accommodate visiting football fans during the 2022 FIFA World Cup. Organizers announced that they had agreed with Swiss-based MSC Cruises for two of its 16 ships with a combined total of 4,000 cabins to be berthed in Doha Port during the tournament. According to a statement, the vessels, … Read more
