VISION 2030

Major Reduction in Quarterly Budget Deficit Figures a Positive for Kingdom’s Economic Reforms

Deputy Crown Prince Mohammed bin Salman.
In an analysis of official data from the Kingdom, Bloomberg found a significant year-on-year reduction in Saudi Arabia's budget deficit from Q1 2017, a sign that the Kingdom's economic reforms coupled with an uptick in oil prices have positively impacted the government's balance sheet.

Saudi Arabia

News, analysis, and more

Saudi Aramco IPO

NYSE executives to woo Aramco IPO in upcoming Saudi visit

The visit will follow a similar trip to Riyadh last month by London Stock Exchange (LSE) CEO Xavier Rolet, as top exchanges around the world ...

 

Privatization

Saudi Arabia to Privatize Four Sectors This Year

A Saudi official said the Kingdom was planning to privatize four sectors this year, including the Saline Water Conversion Corporation, a power generation company under ...

 

Diversification

Saudi Aramco IPO part of Kingdom’s diversification plan

The PIF will aid in the Kingdom’s economic expansion by increasing the amount of foreign investment as well as investing in industries beyond oil, such ...

 

Budget Deficit

Saudi Quarterly Budget Deficit Narrows With Oil Income Surge

The budget deficit for the three months to March was 26.2 billion riyals ($7 billion), the finance ministry said in a report on Thursday. That ...

 

Culture and Society

Skirmishes over culture strain alliance between Saudi rulers, clerics

Such exchanges highlight strains between the ruling family's alliance with conservative clerics which have been exposed as a reformist and powerful prince works to diversify ...

 

Foreign Labor

Nearly 32,000 undocumented workers set to leave Saudi Arabia under amnesty

Saudi Arabia’s Ministry of the Interior has revealed that more than 32,000 people who were living and working without official documents in the kingdom have ...

 

Classic Cars in Qassim

In pictures: A look inside the classic cars’ festival in Saudi’s Qassim

More than 300 cars were present at the festival. Some of them date back to the beginnings of the past century and were used by ...

 

Women and Sports

How sports can change women’s rights in Saudi Arabia

Raha Moharrak is the first Saudi woman to summit Mount Everest. Now she's teaming up with Human Rights Watch to tackle another challenge -- changing ...

 

Anti-ISIS Campaign

US, Saudi to build ‘new foundation of cooperation’ to fight Daesh

Kelly visited Aqaba, Jordan and Jeddah, Saudi Arabia, from 5-8 May to participate in high-level meetings with foreign partners and to advance cooperation on a ...

 

Saudi Stocks

Saudi Stocks Get Cheaper as Outlook for Earnings Improves

Analysts are growing more bullish on earnings prospects for Saudi Arabian businesses after members of the benchmark stock index beat profit expectations, even as the ...

 

Shooting

Saudi forces kill wanted man at Shi’ite district- newspaper

Saudi security forces shot dead a wanted man in eastern Saudi Arabia on Wednesday, a local newspaper reported, after gunmen tried to stop redevelopment work ...

 

Saudi Chef

Saudi Arabia-born chef dishes for New Orleans audience

Pursuing his passion with a purposeful seriousness led Badr Fayez from Jeddah, Saudi Arabia to Colorado and finally to Rhode Island. Fayez earned a Bachelor ...

 

Saudi Photographer

Journeying Into the Life of a Saudi Fashion Photographer

I wish there was a school for photography in Saudi Arabia, just like a design school. I also wish we can have an association or ...

 

JASTA Aftermath

Saudis paid for US veteran trips against 9/11 lawsuit law

A Saudi-funded lobbying campaign involving U.S. military veterans that targeted a new law allowing Sept. 11 victims’ families to sue the Middle Eastern country in ...

 

Saudi-UK

BAE chair fails to confirm whether staff are loading bombs on to Saudi jets

Sir Roger Carr claims BAE is ‘not involved in any military action’, despite the company’s job ad for a weapons loading technician in Saudi Arabia ...

 

Saudi +

Regional and related topics

Syria

Turkey threatens military action against U.S.-allied Syrian Kurdish fighters

Turkey has threatened to step up military action against Syrian Kurdish fighters allied with the United States in response to the Trump administration’s decision to ...

 

Iran Elections

Rouhani calls rivals violent extremists

Iran’s President Hassan Rouhani launched a scathing attack on his conservative election rivals Monday, saying their era of “violence and extremism” was over. ...

 

War in Yemen

CSIS Report: The War in Yemen: Hard Choices in a Hard War

Some two years of fighting have reached a near stalemate in which the Houthi-Saleh faction controls the capital and much of the populated northwest, and ...

 

Anti-ISIS Campaign

US Special Forces Are Secretly Training Syrian Rebels And Fighting Alongside Them

US Special Forces are deployed in southern Syria as part of an operation to train and assist Syrian rebels fighting ISIS, according to rebel leaders ...

 

U.S.-Iran

Perspective: Fragile power balance in Middle East is under threat

Yet there is a real worry that nothing the US does will deter Iran from pursuing its regional ambitions. Tehran insists, furthermore, that but for ...

 

Tech in the Middle East

Tech in the Middle East with Chris Shroeder: Audio

In today’s episode, Chris talks to Carl Mungazi about what he has seen throughout his travels in the Middle East. He discusses the successes and ...

 

Emirates Group

Emirates Profit Down 70% on Oil-Hit Economies, Terror Impact

Emirates Group, the biggest long-haul airline, posted its first decline in annual profit for five years as the low oil price weighed on Persian Gulf ...

 

Israel

Leading Hamas official says no softened stance toward Israel

One of Hamas's most senior officials said on Wednesday a document published by the Islamist Palestinian group last week was not a substitute for its ...

 

Islam in Asia

In India, Islamic ‘triple talaq’ instant divorces face supreme court test

Now the practice, which is banned in much of the Islamic world, faces a test in India — home to the world’s third-largest group of Muslims ...

 

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