Analysis

FISCAL POLICY

Saudi Arabia May Cancel $20b in Projects to Cut Costs, Hires PwC

• SUSTG Team
• |
• 1. 9. 2017

Saudi Arabia is reportedly working with accounting and consulting firm PricewaterhouseCoopers (PwC) on plans to cancel up to $20 billion of projects as the Kingdom continues to seek ways to cut costs as part of economic reforms, Bloomberg reports.

• 2017 Budget

  

  Saudi 2017 Budget Will Seek to Reduce Deficit, Create Surplus by 2020

  SUSTG Team  |  12. 22. 2016

  Saudi Arabia's government will reportedly unveil a plan to balance its high deficit and work to achieve a surplus in 2020, according to a senior government official with knowledge of the matter as quoted in Bloomberg.

• Careem

  

  Careem, an Uber Rival in the Middle East, is Newest ‘Unicorn’ Company with Saudi, Japanese Investments

  SUSTG Team  |  12. 19. 2016

  Careem, one of Uber’s rivals in the Middle East, has taken in $350 million in investment led by Japanese e-commerce firm Rakuten and Saudi Telecom Company (STC).

• 

  Saudi Arabia’s New Currency Offers Security Upgrades, Phases Out Small Notes

  SUSTG Team  |  12. 14. 2016

• Deficit Cuts

  

  Surprise Early Gains for Saudi Leaders in Fight Against State Spending as Successful Deficit Cuts Seen Beyond Projections – Reuters

  SUSTG Team  |  12. 13. 2016

  Saudi Arabia's 2017 state budget is "likely to show Riyadh has shrunk a huge deficit caused by cheap oil faster than expected, which may let it spend more to bolster a shaky economy” next year, according to a report in Reuters by reporters Marwa Rashad and Andrew Torchia.

• Culture in Saudi Arabia

  

  $800m King Abdulaziz Center for World Culture in Dhahran Opens

  SUSTG Team  |  12. 2. 2016

  Saudi Aramco opened an $800 million cultural center in Dhahran on Thursday, underlining the wide range of commitments the world’s biggest oil company has made as the kingdom tries to transform its economy.

• President-Elect Trump

  

  Trump’s Complex Global Business Interests Could Present Problems for President-Elect

  SUSTG Team  |  11. 22. 2016

  President-elect Donald Trump's complex business dealings before and during his candidacy for the office, and now after his victory on November 8th, continue to draw scrutiny from the media and elected officials in the United States.

• MiSK Foundation

  

  Three New Ventures by MiSK to Boost Innovation, Training and Investment

  SUSTG Team  |  11. 18. 2016

  Deputy Crown Prince Mohammed bin Salman's MiSK Foundation launched three new strategic ventures in Riyadh aimed "at comprehensively building the skills, knowledge and capability for economic growth within the Saudi Arabian tech sector," Reuters and the Saudi Gazette reports.

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  Updated LinkedIn Profiles Indicate Key Hires by Saudi Arabia’s PIF

  SUSTG Team  |  11. 17. 2016

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  ‘Downward Trend’ in Economic Activity Seen in Latest Jadwa Investment Chartbook

  SUSTG Team  |  11. 3. 2016