Markets around the world are guessing where the bottom might be for the price of oil. In the latest FocusKSA discussion, John Sfakianakis says that Saudi is still a key swing producer and that the current downside to oil's price might be exaggerated.
Last week, SUSTG's President Richard Wilson sat down with John Sfakianakis for a wide-ranging interview as part of SUSTG and SUSRIS' FocusKSA discussion series. Sfakianakis discussed Saudi Arabia's 2015 budget and why the government is spending despite falling oil prices.
The Ras Tanura clean fuels project was due to be a part of a second phase of upgrades to Aramco's refineries, but may resume in a year, according to the report.
Saudi Arabia's 2015 fiscal spending plans amount to "another expansionary budget with spending maintained at a very high level which will play a vital role in supporting the economy," according to Jadwa Investment.
Ahead of Saudi Arabia’s budget announcement, which is expected for the end of the week after a special meeting, inflation in Saudi Arabia is approaching its lowest levels since April 2007, Asharq Alawsat reports.
Patrick Ryan, Editor-in-Chief of SUSRIS, comments on Saudi Minister of Finance, Ibrahim Al-Assaf's recent statement regarding what to expect from the Kingdom's soon-to-be-released 2015 budget.
Secretary Kerry gave a rousing speech delivered to guests attending the Middle East Commercial Center Leadership Dinner on Monday night at the U.S. Chamber of Commerce.
The National Guard is one of three major branches of the Saudi Arabian armed forces, and does not fall under the leadership of the Ministry of Defense. HRH King Abdullah bin Abdulaziz (pictured here in 1962 when he was 38-years old) is considered the father of the National Guard.
