Financial Sector Development Program: Delivery Plan 2020

audi Arabia may spend SAR 100 billion ($26.6 billion) more than originally planned in 2019.
A recently released report from Jadwa Investment shines light on the Saudi Arabia's Financial Sector Development Program (FSDP), which was announced in April of this year.

Saudi Arabia

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Global Oil Markets

Analysis: Why Trump is pressing Saudi Arabia to lower oil prices

The United States and Saudi Arabia appear to have reached an understanding: Washington will reduce or eliminate Iran’s oil export revenues and in return Riyadh ...



Saudis take greater role in economy, figures reveal

Participation of Saudis in the country’s economy is rising, according to the General Authority for Statistics (GASTAT) labor market bulletin for the first quarter of ...


Saudi Aramco IPO

Doubts Grow Aramco IPO Will Ever Happen

Preparations for the public listing of Saudi Arabia’s state oil company, a centerpiece of the government’s plan to open its economy, have stalled, leaving government ...


Banking and Finance

Saudi Banking Sector Exceeds Basel I Requirements

A Saudi official has said that Saudi banks capital adequacy in the first quarter of this year exceeded 20.4 percent, surpassing the Basel I committee’s ...



$200m organic farming plan unveiled by Saudi Arabia

The Ministry of Environment, Water and Agriculture unveiled its organic farming action plan, which was approved by the Cabinet, and has allocated SR750 million ($200 ...


Gulf Markets

Saudi slips as most Gulf markets gain ground

Gulf markets mostly edged up on Thursday, with gains in shares of blue-chip property and contracting companies leading Dubai higher while Saudi stocks slipped. ...


Travel and Tourism

Photos: Saudi’s al-Hada roads hanging between clouds and mountains

Located in one of the world’s most fascinating natural forms, al-Hada mountainous region in Mecca province in western Saudi Arabia is home for the worlds’ ...


Saudi Students

US State Department sends condolences to families of two Saudi students drowned in Massachusetts

The US Department of State issued a statement on Thursday offering its condolences to the families and friends of two Saudi students who drowned in ...


Saudi +

Regional and related topics

Strait of Hormuz

US military to keep Persian Gulf waterway open despite Iran threats

The U.S. military is reiterating a promise to keep Persian Gulf waterways open to oil tankers as Iran renewed threats to close off the region. ...



Syria war: Rebels to resume truce talks after warplanes pound south

Syrian rebels have agreed to resume talks on a truce with the government in the country's south-west, after a day of intense air and artillery ...


Global Energy Markets

Perspective: As American Energy Independence Grows, Global Impact Remains Limited

Many point out that Richard Nixon proposed to make America energy independent, but few seem to recall that the report of Project Independence concluded that ...


Global Trade

As Trump’s trade war starts, China vows retaliation

The United States imposed the first duties on $34 billion in Chinese goods early Friday, officially launching a trade war between the world’s two largest ...



White House allows Yemeni migrants to stay in US

The White House has said it will allow about 1,250 Yemenis to remain in the US for at least another 18 months because of the ...



World tennis bodies accuse beoutQ of illegal Middle East broadcasts

The governing bodies of world tennis called for the closure of television channel beoutQ on Thursday, saying it had illegally broadcast tennis content across the ...



Pakistan ex-PM Nawaz Sharif given 10-year jail term

A Pakistani court has sentenced former Prime Minister Nawaz Sharif to 10 years in prison on corruption charges related to four luxury London flats. The National ...



2 British Brothers Arrested for ‘Terror Propaganda’ in Turkey

Turkey’s state-run news agency says authorities have arrested two British citizens of Iraqi heritage for allegedly engaging in “terror propaganda” on behalf of outlawed Kurdish ...


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