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SAUDI ARABIA: Spending will aid modernisation plans
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DOI: 10.1108/OXAN-ES283857
ISSN: 2633-304X
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Previously in April, Saudi banks put together a SAR10bn (USD2.7bn) revolving credit facility for NEOM, the largest of a cluster of ‘giga-projects’ backed by the PIF. This…
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DOI: 10.1108/OXAN-DB287731
ISSN: 2633-304X
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However, because of the large surplus of 2.5% recorded in that year, Riyadh’s public debt is only about 25% of GDP, providing the government and the country’s sovereign wealth…
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DOI: 10.1108/OXAN-DB284692
ISSN: 2633-304X
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The scale of the reshuffle indicates a desire for a fresh approach to policymaking, especially as the challenges that have contributed to years of political gridlock remain…
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DOI: 10.1108/OXAN-DB284808
ISSN: 2633-304X
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Geographic
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The downgrade reflects the expected realisation this year of the delayed global economic slowdown. The resulting debt overhang in the region has depleted the space for fiscal…