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The International Monetary Fund (IMF) and Pakistani authorities made significant progress toward reaching a staff level agreement on the first review of an ongoing $7 billion program, IMF Mission Chief Nathan Porter said in a statement on Saturday. The mission and Pakistani authorities will continue policy discussions via video conference to finalize these discussions over the coming days, the statement said, according to the Pakistani newspaper, The News. “The IMF and the Pakistani authorities made significant progress toward reaching a Staff Level Agreement (SLA) on the first review under the 37-month Extended Arrangement under the Extended Fund Facility (EFF),” Porter…

The General Authority for the Care of the Grand Mosque has established special prayer rooms for women during Ramadan, offering integrated services like healthcare, Quran sessions, and iftar meals.Makkah, Saudi Arabia – March 16, 2025, In line with its ongoing efforts to enhance the spiritual and physical well-being of all visitors during the holy month of Ramadan, the General Authority for the Care of the Affairs of the Grand Mosque and the Prophet’s Mosque has established special prayer rooms for women at the Grand Mosque. These dedicated spaces are designed to provide women with a comfortable, safe, and well-equipped environment…

IMF Makes Progress Toward Reaching Staff Agreement with Pakistan on First Review of $7 Bln Program The International Monetary Fund (IMF) and Pakistani authorities made significant progress toward reaching a staff level agreement on the first review of an ongoing $7 billion program, IMF Mission Chief Nathan Porter said in a statement on Saturday. The mission and Pakistani authorities will continue policy discussions via video conference to finalize these discussions over the coming days, the statement said, according to the Pakistani newspaper, The News. “The IMF and the Pakistani authorities made significant progress toward reaching a Staff Level Agreement (SLA)…

The General Authority for the Care of the Grand Mosque is enhancing the spiritual atmosphere during Ramadan by distributing luxurious oud and fragrances to create a peaceful environment for worshippers.Makkah, Saudi Arabia – March 16, 2025, In an effort to enhance the spiritual atmosphere for worshippers during the holy month of Ramadan, the General Authority for the Care of the Affairs of the Grand Mosque and the Prophet’s Mosque has intensified its operations to distribute incense and fragrances at the Grand Mosque in Makkah. This initiative aims to provide a sensory experience that complements the sacred environment, helping to create…

The Council of Economic and Development Affairs held a virtual meeting to review key economic reports, discuss the Kingdom’s financial performance, and issue decisions supporting Vision 2030 objectives.Jeddah, Saudi Arabia – March 16, 2025 The Council of Economic and Development Affairs (CEDA) convened virtually on March 16 to discuss a wide range of critical economic topics and review various reports presented by key government entities. The meeting served as an important platform for evaluating the Kingdom’s economic performance and assessing the progress of initiatives aligned with Saudi Vision 2030.One of the key items on the agenda was the quarterly economic…

Civil Defense volunteers are supporting Umrah performers and visitors during Ramadan, enhancing safety and providing humanitarian services at the Grand Mosque and the Prophet’s Mosque.Makkah, Saudi Arabia – March 16, 2025, As part of the Kingdom’s ongoing efforts to enhance services during the holy month of Ramadan, Civil Defense volunteers are playing a vital role in supporting Umrah performers and visitors at the Grand Mosque in Makkah and the Prophet’s Mosque in Madinah. These volunteers are actively contributing to the efficient execution of civil defense operations, providing crucial humanitarian services, and offering guidance to pilgrims in the corridors and courtyards…

New Murabba participated in MIPIM 2025 in Cannes to showcase its role in Saudi Arabia’s Vision 2030 and attract international investment.Riyadh, Saudi Arabia – March 16, 2025 New Murabba, a leading real estate development company under the Public Investment Fund (PIF), participated in the prestigious MIPIM 2025 event, held from March 11 to 14 in Cannes, France. This year’s participation is part of Saudi Arabia’s broader strategy to attract international investment and showcase its ongoing commitment to economic diversification, particularly within the real estate and development sectors.MIPIM, one of the world’s largest real estate conferences, brings together key industry leaders,…

Alamy via Reuters The bird and poultry market in Najran, Saudi Arabia. Entaj’s listing is evidence of the investment attention being given to the kingdom’s growing poultry sector Poultry sector growing Attractive investment Over subscribed books The Arabian Company for Agricultural and Industrial Investment (Entaj) will list on the main market of the Saudi Tadawul on Monday with a share price of SAR50 ($13.30). It will be the fourth company to list on the main Saudi market in 2025 after the beauty ecommerce company Nice One and health care group Almoosa Health listed at the start of January, and the…

Britain’s steel industry has called on the government to help with electricity prices that it says can be it 50% higher than those paid by European competitors. Earlier this week, the sector was hit by a 25% tariff on exports to the US that make up around 9% of the value of Britain’s steel exports. “Uncompetitive electricity prices must be addressed to ensure the steel industry can thrive, secure thousands of jobs, and safeguard national steel production as geopolitical turbulence increases,” said Frank Aaskov, Director, Energy and Climate Change Policy at industry group UK Steel. The group, which represents the…

Peru’s economy grew 4.07% in the first month of 2025, data from the nation’s INEI statistics agency showed on Saturday, in line with central bank and analysts’ forecasts, as nearly all sectors logged growth with the exception of the financial sector. The January data landed a touch above the 4% estimate of analysts polled by Reuters, but below the 4.85% recorded in last month of last year. The Andean nation’s key mining and energy sector advanced 1.4%, while farming and the smaller fishing sector advanced 3.2% and 23.5% respectively. Manufacturing industry expanded by 5.5% and transportation up 7.9%, while public…