Saudi authorities have directed all the Vision 2030 Realization Program (VRP) Committees to submit an action plan within 90 days to CEDA to "activate the role of the private sector as an investor and a financing element in implementing its initiatives," a report in the Saudi Gazette/OKAZ said.
Saudi Arabia signed an agreement with the World Economic Forum (WEF) on Wednesday to establish a branch in the Kingdom of the WEF’s Center for the Fourth Industrial Revolution, a program focused on new technologies that will power economic change in the immediate years to come.
Saudi Arabia's finance minister Mohammed Al-Jadaan said in his pre-budget statement for fiscal year 2020 yesterday that the Kingdom would cut spending and widen its projected deficit in a vote of confidence in Saudi Arabia's economic reforms.
Saudi Aramco's long-planned IPO will see its first shares traded on Riyadh's stock exchange in December, several news outlets are reporting, citing the Saudi-owned satellite news channel Al Arabiya.
A new issue brief written by Jean-François Seznec for the Atlantic Council explores the Saudi Aramco-SABIC merger and Aramco's strategy to make the Saudi oil giant "like most other large international oil companies, except much bigger."
Economic data for Saudi Arabia for the month of August revealed a number of "positive developments" in several areas, according a recently-released monthly chartbook report by Jadwa Investment.
Britain, France and Germany have joined the United States in blaming Iran for recent attacks on key Saudi Arabia oil facilities, according to reports, issuing a joint statement Monday on the sidelines of the United Nations General Assembly.
