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GULF STATES: Non-oil private sectors will grow further
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DOI: 10.1108/OXAN-ES287497
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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UNITED ARAB EMIRATES: Abu Dhabi will boost trade links
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DOI: 10.1108/OXAN-ES285214
ISSN: 2633-304X
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Measures include a new civil code, the Civil Transactions Law, which came into effect in December 2023 and aims to provide comprehensive coverage of all aspects of contracts…
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DOI: 10.1108/OXAN-DB285763
ISSN: 2633-304X
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SAUDI ARABIA: Riyadh will push on with spending plans
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DOI: 10.1108/OXAN-ES285870
ISSN: 2633-304X
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The IMF has revised downwards its forecast for Saudi GDP growth in 2024 to 2.7% but raised its 2025 forecast to 5.5%. This reflects a positive medium-term outlook for the Gulf…
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DOI: 10.1108/OXAN-DB285518
ISSN: 2633-304X
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SAUDI ARABIA/UAE: Competition will intensify
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DOI: 10.1108/OXAN-ES283253
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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MIDDLE EAST: Private sectors face divergent outlooks
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DOI: 10.1108/OXAN-ES283167
ISSN: 2633-304X
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SAUDI ARABIA: Government will attract foreign firms