Saudi Arabia’s Budget Deficit Shrinks a Whopping 60%

Mohammed Al-Jadaan
Saudi Arabia reduced its budget deficit by 60 percent to SR49 billion ($13 billion) in the first nine months of the year, official figures published Wednesday show.

Saudi Arabia

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U.S.-Saudi Relations

Khashoggi murder outcry threatens US-Saudi ties, Saudi prince says

"The tragic and unjustified" slaying of Khashoggi "is the theme of today's onslaught and demonization of Saudi Arabia in the same fashion as the previous ...


U.S.-Saudi Relations

US using Saudi weakness over Khashoggi to push for end to war

The officials acknowledged that neither the Yemen war nor the dispute with Qatar can be solved quickly. But the administration hopes to make progress on ...


U.S.-Saudi Relations

Former Sen. Norm Coleman: Strategic ties to Saudis must survive

Former Sen. Norm Coleman said the US should not undermine the relationship with Saudi Arabia in response to the killing of journalist Jamal Khashoggi because ...


Saudi Nuclear Energy

GOP senators want Trump to halt nuclear technology talks with Saudis after Khashoggi killing

In the letter to Trump, the five senators say they have long had reservations about selling nuclear technology to Saudi Arabia. They ...



Saudi Arabia ranks 4th among G20 in reforms

Saudi Arabia ranked fourth in terms of the number of reforms that would contribute to improving business environment at the G20 level, said the World ...


Fiscal Policy

Saudi posts big decline in fiscal deficit in third-quarter as oil revenues rise

Saudi Arabia on Wednesday reported a third-quarter fiscal deficit of 7.3 billion riyals ($1.95 billion), a big drop from the 48.7 billion riyals reported a ...


Ministry of Commerce

Electronic trading the new normal in Saudi Arabia

The number of online stores registered on Maroof has increased to 20,000 in 15 diversified activities, according to a Ministry of Commerce and Investment 2018 ...


War in Yemen

Saudi-led coalition masses troops near Yemen’s Hodeidah as pressure mounts to end war

The UAE and Saudi Arabia have said that taking control of Hodeidah would force the Houthi movement to the negotiating table by cutting off its ...


Saudi Workforce

Saudi Arabia axes 71% of expats in government jobs

The Saudi Arabian Council of Ministers has terminated the contracts of 71% of expatriates working in mainly the health and education public sectors. The Ministry of ...


Mining and Minerals

Analysis: Ma’aden is a model of economic growth through privatization

The Saudi Arabian Mining Company (Ma’aden) is an excellent example of how a successful government-private sector partnership can deliver strong results that stimulate economic growth, ...



Commentary: Saudi Royals Rally to Protect the Family

“The thinking is: Prince Mohammed will rule for the next 50 years and he will learn from his mistakes. He will become wiser with time.” ...


Saudi +

Regional and related topics


Iran’s relations with Europe face fresh crisis over alleged scheme to assassinate dissident in Denmark

Top Danish officials called for sanctions against Iran over the plot. Denmark summoned its ambassador to Tehran back to Copenhagen on Wednesday for consultations, an ...



Taliban control of Afghan territory on the rise, US inspector says

In its quarterly report for the US Congress, the Special Inspector General for Afghan Reconstruction (SIGAR) said, "The Taliban now controls more territory than at ...



Egypt reaches agreement with IMF on next $2 billion loan payment

Egypt’s gross general government debt declined from 103 per cent of GDP in 2016-17 to about 93 per cent of GDP in 2017-18, supported by ...


U.S. Midterm Elections

Democrats Regaining House Seen Raising Odds of Anti-OPEC Bill

“Our impression is that the Democrats see Saudi Arabia as a winning game for them and they would like to keep it in the news ...


Global Brands

Google, YouTube, Samsung are world’s top brands, but how do they do in Middle East?

Based on more than six million interviews over the 12 months to the end of June 2018, rankings for individual countries, including Egypt, Saudi Arabia, ...



Careem founder says funding and investment ‘will not be an issue’

The Dubai-based ride-sharing service was founded in 2012 and has successfully launched in more than 100 cities in the Middle East, Africa and South Asia. ...



HSBC sees doubling of commercial bank’s MENA profit by 2023: executive

China’s Belt and Road Initiative and plans by Gulf economies to diversify from oil will help HSBC (HSBA.L) to more than double its profit within ...



Egypt: Mystery of transporting pyramids’ blocks unveiled

The Ministry of Antiquities said a central slope, surrounded by two stairways, with pillars containing holes, was used to lift the blocks through rough, steep ...


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