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Long-time Chief Executive Officer Ben Silbermann of Pinterest would step down, handing over the reins of the social media platform to Google...

Stock Market

Google executive to take over as a new CEO of Pinterest

Top accounting firm Ernst & Young has been slammed with a record $100 million fine from the US government...

Stock Market

Accounting firm gets 100 million fine for faulty regulations

The Indian rupee slipped into a fresh low today and extended losses against the US dollar.


The rupee tumbled to a new low against the dollar in the midst of an increase in crude oil price

Wall Street saw a sharp fall at its closing in a broad sell-off. Consumers' worries over recession have sparked up...

Stock Market

Wall Street Lose Balance after recession strikes growth fear among consumers’

Soaring inflation may be pushing the US economy into a deep recession. Last week's 0.75% interest rate hike by the Federal Reserve...

Stock Market

Inflation ringing the recession bell - Mohammed Shaheen

Economic Indicators

10 Feb 2022

Saudi Arabia’s GDP Soars by 6.8% in Q4 of 2021

The Index Today

Saudi Arabia’s GDP surged by 6.8% in the fourth quarter of 2021. Official flash estimates revealed on Thursday that the Q4 soar has contributed to the country’s aggregate annual growth by 3.3% last year.

According to the General Authority for Statistics, the current growth was supported by a 10.8% boost in oil and a 5% soar in other economic developments. Government services in the country have also reportedly risen by 2.4%.


Clay pottery with table linens
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