There has been a significant investment in education, which is great. In the last eight or nine years the number of Saudi Universities has more than quadrupled from about seven to over 30.
Strong fundamentals coupled with a rapidly growing young population made Saudi Arabia the largest importer of vehicles and automotive parts in the Middle East in 2011, with the pace seen accelerating in the medium term.
In a clear break from past trends, Saudi Arabia’s private sector is growing. This trend can be in part explained by the increase in bank lending to private sector.
Saudi Arabia’s ruler named Defense Minister Prince Salman bin Abdul-Aziz is the country’s new crown prince Monday — an expected nod that leaves power still within an aging and shrinking circle of leaders in one of the West’s most critical Middle East allies.
The funeral prayers for the Saudi Crown Prince Naif bin Abdul Aziz will be held at the Haram Mosque in Makkah following the Maghreb prayer today. The body will then be buried at the graveyard in the holy city.
Saudi Crown Prince Nayef bin Abdulaziz, a hard-line conservative who is credited with pushing back al Qaeda, has died, Saudi state TV said on Saturday.
Jadwa Investment’s recently released May inflation report for Saudi Arabia found a year-on-year decrease in inflation to 5.1 percent, the lowest since August 2011.
The global takaful industry has witnessed tremendous growth in the last decade, rapidly becoming an integral part of the mainstream financial system, with Saudi Arabia at the forefront
