Daily Archives: May 11, 2020

Mother’s Day: Memories of Xi Jinping growing up with his mother

BEIJING, May 11, 2020 /PRNewswire/ — For Chinese President Xi Jinping, “Family is people’s first classroom, and parents are children’s first teachers.” That’s what his mother, Qi Xin, used to tell him, and the words stuck with him to this

Saudi Arabia Imposes Austerity Measures

Saudi Arabia says it is tripling its VAT (value added tax) and suspending cost-of-living allowances.    Riyadh said is initiating the austerity measures to offset dwindling coffers caused by the costs of dealing with the COVID-19 pandemic and the turndown in global energy prices.   “These are the priorities: the health care of people and the

GCC Secretary General praises the Kingdom of Saudi Arabia’s Invitation to organize “the 2020 Donors Conference for Yemen”

Riyadh, The Secretary General of the Gulf Cooperation Council (GCC), Dr. Nayef Falah Mubarak Al-Hajraf has praised the Kingdom of Saudi Arabia’s announcement to organize the 2020 Donors Conference for Yemen, to be held virtually on Tuesday, 10 Shawwal 1441AH

Saudi Ministry of Finance: additional measures to confront the financial and economic impact of the Coronavirus Pandemic

Riyadh, The Minister of Finance and Acting Minister of Economy and Planning, Mohammad Aljadaan, highlighted the importance of the measures undertaken to protect the Saudi economy and overcome the unprecedented financial and economic ramifications of the global coronavirus pandemic in

GAZT: VAT of 15% Goes into Effect in July, 2020

Riyadh, The General Authority of Zakat and Tax (GAZT) has affirmed that rising the Value Added Tax (VAT) on all goods and services from 5% to 15% will go into effect on 1 July, 2020. In a statement to Saudi

Ministry of Defense Builds Two Mobile Hospitals to Support Health Efforts

Riyadh, In line with the leadership’s directives to harness all capabilities to safeguard the health of citizens and expatriates, the Ministry of Defense, represented by the General Department for Medical Services of the Armed Forces, has built two mobile hospitals

Asian stocks mixed

BEIJING, Asian stock markets were mixed on Monday, AP reported. Tokyo’s Nikkei 225 gained 1% to 20,390.66 and the Hang Seng in Hong Kong added 1.4% to 24,571.74. The Shanghai Composite Index declined to 2,891.06. The Kospi in Seoul was

Amman Stock Exchange Opens Trading with Drop

Amman, Amman Stock Exchange (ASE) on Monday opened trading with a drop to 1,640 points from its yesterday’s closure of 1,650 points, Jordan News Agency (Petra) reported. The market index fluctuated in the first 15 minutes of today’s session between