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SAUDI ARABIA: Oil funds will reinforce diversification
Separately, the IN’s presence in the Arabian Sea has increased markedly since December, in response to threats associated with the fallout from the Israel-Gaza war. Defence…
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DOI: 10.1108/OXAN-DB285680
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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Yet this follows a government directive that the company cancel increases in its maximum sustainable capacity (MSC) of crude oil production from 12 million barrels per day (b/d…
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DOI: 10.1108/OXAN-DB285954
ISSN: 2633-304X
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SAUDI ARABIA: Production decision draws on weak demand
The fall appears linked to public discontent over elevated inflation, which has clouded the country's economic outlook. Meanwhile, the government is moving slower than it…
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DOI: 10.1108/OXAN-DB282874
ISSN: 2633-304X
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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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GULF STATES: Growth downsides will drive competition
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DOI: 10.1108/OXAN-ES283553
ISSN: 2633-304X
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SAUDI ARABIA: Budget deficit will grow further
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DOI: 10.1108/OXAN-ES281042
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…