costs

Biden’s budget proposal for a second term offers tax breaks for families and lower health care costs

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Pakistan Cabinet sworn in, taking control of nation deeply divided with looming economic crisis ISLAMABAD: Prime Minister Shehbaz Sharif’s new Cabinet with 19 members took oath on Monday, tasked with running the South Asian country of 241 million people facing profound economic, political and security challenges. Cash-strapped Pakistan grappled with the Feb. 8 general election … Read more

Saudi Arabia reduces maximum limits for costs of recruiting domestic labor services from some countries

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RIYADH: Consumer sentiments toward Saudi Arabia’s largest banks rose 11.3 percentage points in 2023 as compared to the previous year, according to an industry report. It is an economic indicator that measures consumers’ satisfaction with the services and operations of an organization. The report was prepared by PwC Middle East in collaboration with DataEQ. The … Read more

Oil Updates — crude rises on Middle East worries, future cuts to borrowing costs

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RIYADH: Oil prices rose in early Asian trade on Thursday, extending gains from the previous session following a bigger-than-expected weekly withdrawal from US crude storage and signaling from the US Federal Reserve that it would start lowering borrowing costs in 2024. Lower interest rates cut consumer borrowing costs, which can boost economic growth and demand … Read more