Jadwa Investment Sees Non-Oil Sector Growth in Saudi Arabia at 2.4% in 2019

Saudi Arabia may spend SAR 100 billion ($26.6 billion) more than originally planned in 2019.
A recent report issued by Jadwa Investment shows expected growth in the non-oil sector at 2.4 percent in 2019, compared to 1.7 percent in 2018, and forecasted 2020 non-oil sector growth at 2.7 percent.

Saudi Arabia

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Saudis Pledge to Keep Doing OPEC’s Heavy Lifting as Shale Surges

Saudi Arabia is fulfilling its pledge to make deeper cuts in oil output than the OPEC+ agreement on output requires, according to the first indication ...


Saudi Women

Saudis Plan to Ease Travel Restrictions on Women

Saudi Arabia is planning this year to loosen restrictions on women’s ability to travel without a male guardian’s permission, officials and people familiar with the ...



Saudi Arabia forecast to see continued tourism growth

Saudi Arabia will see continued growth in the hotel sector across the kingdom, fueled by increasing demand from tourists, according to a new report. ...


Stock Market

Assessing the Opportunities in Saudi Arabian Stocks

Mohamad Al Hajj, an equities strategist at EFG-Hermes in Dubai, talks about Saudi Arabian stocks. ...


Saudi Aramco

China’s Sinopec signs pipeline contract with Saudi Aramco for Marjan oilfield

China’s Sinopec Group on Thursday said its Sinopec Engineering Incorporation subsidiary had signed a contract to work on two pipeline projects at Saudi Aramco’s Marjan ...



EU mulls adding Saudi Arabia to money-laundering gray list

The European Union is preparing an overhaul of its listing of countries that pose money-laundering risks, an EU confidential document shows, a review that could ...



Saudi’s GEA inks MoU to provide Six Flags scholarships for Qiddiya

The Saudi General Entertainment Authority (GEA) and Qiddiya Investment Company (QIC) have signed a memorandum of understanding (MoU) to launch job placement programs. 60 students ...



Beekeeping is buzzword at Saudi international honey forum

Experts from Saudi Arabia, the US, Bulgaria, Australia, India, Ethiopia, and Arab countries including Morocco, Egypt, Sudan, Yemen, Tunisia, and Lebanon, were participating in the ...


Renewable Energy

Saudi Arabia readies initial 1.4 GW tender

Saudi Arabia has announced details of the tendering process for the second round of its National Renewable Energy Program (NREP) with requests for proposals for ...


Banking and Finance

Goldman Sachs Hires JPMorgan Banker for Saudi Investment Banking

Goldman Sachs Group Inc. hired JPMorgan Chase & Co.’s Mohammed Nazer to join its investment banking team in Saudi Arabia, according to people familiar with ...



Saudi Arabia, Egypt sign deals to support microfinance projects

Saudi Arabia has signed a triple agreement to finance a range of industrial development projects in Egypt, the Saudi Press Agency reported. The Saudi Fund for ...


U.S.-Saudi Relations

Bipartisan senators again aim to hold Saudi Arabia accountable

Senate Foreign Relations Committee Chairman Jim Risch and committee members Sens. Chris Coons, a Delaware Democrat; Marco Rubio, a Florida Republican; and Jeanne Shaheen, a ...


Saudi +

Regional and related topics

U.S. Military

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While Trump praises Qatar, education officials seek scrutiny

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Middle East Peace

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China’s state construction giant sees more energy projects in Iraq

China State Engineering Corp (601668.SS) sees more opportunities for oil projects in Iraq and is interested in expanding into Saudi Arabia and neighboring Gulf state ...


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