Saudi Arabia's non-oil private sector economy continued to expand in October, with business conditions improving at the fastest pace in four years, as output and new order growth in the kingdom gathered pace, according to reports and new data.
A recent report by Jadwa Investment highlights the recent revisions in fiscal indicators presented by Saudi Arabia's Ministry of Finance during its recent 2020 preliminary budget statement, noting adjustments in budgeted revenue, expenditures and more.
The third installment of Saudi Arabia's mega-conference, the Future Investment Initiative (FII) will kick off tomorrow October 29th at the Ritz Carlton in Riyadh.
Saudi Arabia jumped a whopping 30 places in the annual World Bank 'Ease of Doing Business' report for 2020, a survey of business efficiency in 190 countries, and was the top reforming country in the study this year.
Saudi Arabia announced a new tourist visa scheme on Friday that will see the Kingdom open up to international leisure travelers for the first time, a historic milestone in a broader push to diversify and modernize its economy and society.
A recently-released report from Jadwa Investment finds "a fair level of progress on most areas" in the Kingdom's important Financial Sector Development program (FSDP), encouraging news for the diversification of Saudi Arabia's economy and modernization of its financial sector.
Saudi Arabia's new minister of energy Prince Abdulaziz bin Salman said the Kingdom would continue to overcomply voluntarily with oil output cuts agreed by the OPEC+ producer alliance, Reuters reports, as the Saudi Arabia hopes to push the price of oil higher.
Saudi Arabia's energy ministry has appointed a new head of its renewable energy project development office (REPDO) as the Kingdom pushes ahead with ambitious plans to integrate more renewable energy as part of its Vision 2030 economic and social reform plan.
