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1 – 10 of 27Previously 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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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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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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SAUDI ARABIA: Mining will start attracting interest
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DOI: 10.1108/OXAN-ES284493
ISSN: 2633-304X
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GULF STATES: Growth downsides will drive competition
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DOI: 10.1108/OXAN-ES283553
ISSN: 2633-304X
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Indian nationals are struggling to maintain jobs in the Middle East as GCC states contend with historically low oil prices as well as the economic fallout of the pandemic. Gulf…
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DOI: 10.1108/OXAN-DB253134
ISSN: 2633-304X
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SAUDI ARABIA: Fiscal strains sap reserves and business
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DOI: 10.1108/OXAN-ES258256
ISSN: 2633-304X
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A major goal of Vision 2030, the kingdom’s strategic development framework, is to address persistently high levels of unemployment, especially amongst young people. Although…
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DOI: 10.1108/OXAN-DB274315
ISSN: 2633-304X
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This development is at the centre of 'Vision 2030', the kingdom's new medium-term strategy for reducing reliance on crude oil revenue and improving economic efficiency. The…