Saudi Arabia announced last week its preliminary budget statement for the 2021 fiscal year, and adjusted downward its revenue forecasts for 2020 in the face of low oil prices and the global pandemic, Jadwa Investment writes in an update.
The 3-day virtual Urban 20 (U20) meeting concluded today as mayors around the world collaborate on ideas and policies that will shape the world's cities in the years to come.
Saudi Arabia’s economy contracted 7% year-on-year in the second quarter of 2020 as the toll wrought by the Coronavirus pandemic and lower oil prices becomes clear, according to Bloomberg.
SUSTG is covering the events and meetings taking place in the run up to the G20 in November as part of our “Road to the G20” series of posts and featured items.
This week, the Kingdom of Saudi Arabia, as host country for the G20 meeting in November 21-22, 2020 will hold meetings on Trade and Investment, with the Trade Ministers Meeting taking place tomorrow, Tuesday, September 22.
OPEC has downwardly revised its outlook for global oil demand to an average of 90.2 million barrels per day in 2020 (down 9.5% from last year) as the Coronavirus weighs on crude recovery, according to reports, citing a recent publication from OPEC on Monday.
Saudi Arabia's King Salman and President Trump spoke by phone over the weekend, discussing several issues of importance to the U.S.-Saudi relationship, including a recent push by President Trump's son-in-law Jared Kushner to make progress resolving the Israel-Palestine issue.
As the Coronavirus spread continues to decline in Saudi Arabia, fresh data from the from the Saudi Arabian Monetary Authority (SAMA) indicates some bright spots for Kingdom's economy, according to Jadwa Investment.
Saudi Arabia saw a rebound in some economic data points after Coronavirus-driven shutdowns, according to the latest Jadwa Investment August 2020 Chartbook.
Saudi Arabia's Saudi Real Estate Refinance Co. (SRC), an arm of the Public Investment Fund (PIF), will acquire mortgages worth SR3 billion ($800 million) from the Public Pension Agency (PPA), according to reports.
