Saudi Arabia has announced another historic budget. The government’s main thrust is to support the economy through the largest expenditure in its economic history. Overall expenditure is expected to grow by 7 percent as the main impetus is to support growth in the economy.
December 19, 2018
Saudi Arabia is proving to be the fiscal success story of the Group of Twenty (G-20). The fiscal consolidation of the past years is paying off.
December 20, 2017
The visit to Saudi Arabia by Donald J. Trump, and the series of mega deals signed, brings to mind the adage of another American president, Calvin Coolidge: The business of America is business.
May 22, 2017
Last week, Saudi Arabia’s Finance Ministry made a historic announcement: Its first quarterly budget report. The fiscal map of Saudi Arabia is becoming more predictable and transparent.
May 14, 2017
Saudi Arabia’s economy is going from strength to strength. In just six months, the Kingdom has managed to raise nearly SR100 billion ($26.5 billion) in international bonds.
April 16, 2017
One cannot visit Jordan without hearing the latest mutterings about austerity measures. Jordan’s prime minister recently appeared on national TV, announcing a cut in public salaries and setting a salary ceiling.
April 03, 2017
This week’s visit by the president of the Hellenic Republic, Prokopis Pavlopoulos, and 11 Greek ministers and top businesspeople to Saudi Arabia ushers a new era in bilateral relations.
February 22, 2017
Following on from last year’s declaration of intent, the Saudi capital market regulator is set to open the $560 billion stock exchange to qualified foreign institutions on Monday. Saudi Arabia’s stock market is larger than the stock markets in Mexico, Indonesia, Malaysia and Russia.
June 14, 2015
It stands to reason that one of the effects of the turmoil in Iraq will be a change in oil prices.
Indeed, the violence in OPEC’s second-largest producer has already sent oil prices to 10-month highs.
June 29, 2014