John Sfakianakis

John Sfakianakis is the director of economic research at the Gulf Research Center (GRC) in Riyadh.

Latest published

A fiscal map to keep Kingdom’s growing economy on track

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

The fiscal success story of G-20

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

Trump visit: US-Saudi deals to bring big business benefits

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

Saudi Arabia’s fiscal map becoming more transparent

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

Bond sale is another sign of a stronger Saudi economy

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

Saudi support key to Jordan’s economic recovery

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

Greek president’s visit shows potential of Saudi ties

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