“Maximising returns on the kingdom’s assets will reflect positively on economic performance and public finances and limit negative effects of the coronavirus pandemic. Returns on PIF investments will be available to support public finances when needed,” he said. … [Read more...] about Saudi Arabia says it provided $40 billion to PIF from foreign reserves
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“If we don’t get the funding we need and if more isn’t done to suppress the virus, COVID-19 could engulf Yemen,” said Lise Grande, the U.N. Humanitarian Coordinator for Yemen, in a statement. … [Read more...] about Saudi Arabia confirms virtual donors conference for Yemen with U.N.
The statement did not give a breakdown but a finance ministry official told Reuters that the government transferred $15 billion to the Public Investment Fund in March and another $25 billion in April, saying foreign reserves are expected to drop in April at about the same rate as the previous month. … [Read more...] about Saudi Arabia’s PIF gets $40 billion from foreign reserves to fund overseas investments
He had been working at a private company in Dammam, Saudi Arabia for over 20 years. He would visit his family once or twice a year and would return to his job after a month-long break each time. “He had come eight months ago and had brought us all presents and sweets. Little did we know it would be that last time,” said his brother. … [Read more...] about Pudukottai man dies of COVID-19 in Saudi Arabia
“His office was investigating — at my request — Trump’s phony declaration of an emergency so he could send weapons to Saudi Arabia,” said Engel, D-N.Y. “We don’t have the full picture yet, but it’s troubling that Secretary Pompeo wanted Mr. Linick pushed out before this work could be completed.” … [Read more...] about Democrats: Fired watchdog was looking into Saudi arms sale