In the third quarter, Facebook parent company Meta implemented more suggestions from its oversight board. During the three months that concluded on September 30, the oversight board received more than a quarter million requests from Facebook and Instagram users all across the world. Although its policy suggestions are not legally enforceable, Meta is nonetheless expected … Read more
RIYADH: The Saudi government offered denominated Sukuk in Saudi riyals worth SR415 million ($110.5 million) for the December issuance, the National Debt Management Centre announced. The issuance comes under the kingdom’s riyal-denominated Sukuk programme. The first tranche had a size of SR200 million and matures in 2029, while the second tranche was valued at SR215 … Read more
RIYADH: The jobless rate among Saudis remains unchanged at 11.3 per cent in the third quarter, Arab News quoted official data from Gastat. While unemployment was unchanged in total, the data showed that both male and female jobless rates among Saudi experienced a slight drop. Unemployment in men fell 0.2 per cent to 5.9 per … Read more
RIYADH: Saudi Arabia issued licenses to 16 fintech companies in the third quarter of 2021, Sabq quoted Saudi Central Bank governor, as saying at an event. Fahad Almubarak said 13 of those companies work in the field of payments and electronic wallets, and three firms are engaged in insurance and finance sector. Saudi Arabia witnessed a 37 … Read more
Qatar recorded a budget surplus of 900 million riyals ($247 million) for the third quarter of this year, Arab News quoted the data released by the country’s Ministry of Finance. The total revenue for the quarter grew by a yearly rate of 20.6 per cent to reach 47 billion riyals. Oil and gas revenue accounted for 87.7 … Read more
BEIJING: China’s economic growth slowed more than expected in the third quarter, official data showed on Monday, as a crackdown on the property sector and a looming energy crisis began to bite. After a swift coronavirus bounce back, recovery in the world’s second-biggest economy is losing steam, with gross domestic product expanding 4.9 per cent … Read more
