IMF: Saudi Arabia’s real non-oil growth is expected to strengthen to 2.9 percent in 2019, outlook positive

Crown Prince Mohammed bin Salman.
The International Monetary Fund (IMF) expects real non-oil growth in Saudi Arabia to pick up in 2019 to 2.9% as government spending and confidence increase, according to reports, while real GDP growth is projected to slow to 1.9 percent as real oil growth slows to 0.7 percent.

Saudi Arabia

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Saudi Economy

What the IMF thinks of Saudi economic progress

Growth is expected to pick up over the medium-term as ongoing reforms take hold while the unemployment rate among Saudi nationals has moved down but ...


U.S.-Saudi Relations

Perspective: Saudi welcome for US troops reflects relations with Mohammed bin Salman

When Iraqi forces invaded Kuwait in 1990 and massed by the Saudi border, the late King Fahad made the difficult decision to allow the deployment ...



Saudi Arabia Looks to Build World’s First Long-Range Hyperloop Test Track In Partnership with Virgin Hyperloop One

Virgin Hyperloop One, the only hyperloop company in the world to successfully test its hyperloop technology at scale, today announced a development partnership with the ...


Autonomous Vehicles

China’s Neolix to trial autonomous vehicles in Saudi, UAE

China's Neolix has signed a preliminary agreement with Middle East e-commerce company noon to trial autonomous vehicles in Saudi Arabia and the United Arab Emirates. ...


Maestro Pizza

Is Maestro reshaping the pizza market in Saudi Arabia?

Some of Saudi’s better known local brands in the QSR industry are chains like Al Baik and Al Tajaz – imperial long-standing brands that have ...


Saudi Aramco

Saudi Aramco to hold first investor call in August

Saudi Aramco is inviting analysts and investors to join its first investor earnings call in August, according to an Aramco email, as the energy giant ...


U.S.-Saudi Relations

Rare strife breaks out over Saudi bills in Senate Foreign Relations committee

The conflict centers on two competing bills — one from Risch and one from Menendez — to hold Saudi Arabia accountable for the killing of ...



Saudi Arabia urges global community to deter maritime trade disruptions

Saudi Arabia said on Tuesday that Iran’s interception of commercial vessels, including its seizure of a British tanker, in Gulf waters was a violation of ...



Princess becomes first Saudi woman to head sports club

“Football is a family passion, and Italian football is followed all over the world. This is why I chose to invest in Umbria,” she said. ...



FedEx Express appoints SAB Express as Global Service Provider in Saudi Arabia

“SAB has been a long-term service provider to TNT business in Saudi Arabia, and following TNT’s acquisition by FedEx, SAB Express became the licensee of ...


Contractor Classificiation

Saudi Arabia to roll out contractor classification system in August 2019

Saudi Arabia’s Ministry of Municipal and Rural Affairs (Momra) will roll out a five-level contractor classification system in August 2019, which will see companies divided ...



Saudi Arabia releases Qatari national detained for a year

A Qatari national arrested in Yemen on suspicions of working with the Iran-aligned Houthis has been released after more than a year in detention in ...



Neom Beach Games Show Saudi Prince’s Dream for Futuristic City

The tournament on the sandy shores of northern Saudi Arabia was meant to be about sports, but for many of the spectators the real draw ...


Saudi Football

Report: Saudi club Al-Ahli submits bid for D.C. attacker Luciano Acosta

The Athletic is reporting that the Eastern Conference side has received an offer from Saudi side Al-Ahli FC for attacker Luciano Acosta. The deal is ...


Saudi +

Regional and related topics

Regional Economy

2019: A challenging year for Mideast economies

The Middle Eastern economy is expected to slow down from an estimated 1.5% last year to about 0.6% in 2019, the slowest in almost a ...



Iran’s ability to influence oil market is limited, Energy Secretary Rick Perry says

The rise in new suppliers of oil and gas has reduced the ability of Iran to influence global oil markets, U.S. Energy Secretary Rick Perry ...



Peace might be breaking out in Afghanistan, America’s longest ever war

It may feel like the closed-door talks about peace in Afghanistan have been going on almost as long as the Afghan war itself, but now ...



Pakistan Imran Khan meets Trump to talk economy, terror, Afghanistan; but that’s not likely to help his country’s struggling economy

Pakistani Prime Minister Imran Khan’s three-day visit to the U.S. is unlikely to do much for his country’s struggling economy, according to Michael Kugelman from ...



US envoy holds talks in Ankara as Turkey threatens to invade Syria

The main sticking points in the deliberations appear to be Turkey’s desire for full control of an expanse of of Syrian territory 30-40 kilometers (20-25 ...



U.S., Iran May Fight in Iraq After Tanker Attacks, Downed Drones

Drones have been downed and tankers attacked in the Persian Gulf as U.S.-Iran tensions raise fears of war around a critical oil chokepoint. But any ...



Air strikes on town in rebel-held Idlib, Syria ‘kill 31’

Air strikes on a market and residential areas in opposition-held north-western Syria have killed at least 31 civilians, rescuers and activists say. Fifty other people were ...



Bahrain, Jordan, France among those condemning Jerusalem area demolitions

Several nations and international bodies, including France, Jordan, Qatar, the EU and the UN, condemned Israel’s razing of Palestinian homes on the edge of Jerusalem ...



With Guns, Cash and Terrorism, Gulf States Vie for Power in Somalia

Over the last two years, war-torn Somalia has emerged as a central battleground, with the United Arab Emirates and Qatar each providing weapons or military ...


Iran Sanctions

U.S. Imposes New Sanctions on Chinese Company for Transporting Iranian Oil

Secretary of State Mike Pompeo told The Wall Street Journal on Monday that Chinese company Zhuhai Zhenrong and one of its executives, Youmin Li, knowingly ...


Lockheed Martin

Will F-35 Program Boost Lockheed Martin’s Q2 Earnings?

Lockheed Martin’s F-35 program continues to be a primary growth driver for the company, with 370 production aircraft in backlog as of Mar 31, 2019. ...


EU in the Region

Britain calls for European naval mission to counter Iran’s ‘piracy’

Britain called on Monday for a European-led naval mission to ensure safe shipping through the Strait of Hormuz, days after Iran seized a British-flagged tanker ...



Israel vote in House will expose Democratic divisions

Most Democrats in the House oppose the boycott, divestment and sanctions (BDS) movement, an international campaign meant to exert pressure on Israel over treatment of ...


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