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Saudi Arabia recorded a Government Budget deficit equal to 2 percent of the country's Gross Domestic Product in 2023. This page provides - Saudi Arabia Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and
This article presents information on economic conditions in Saudi Arabia. The Saudi government recently announced changes to its monthly auctions of Government Development Bonds (GDB), which look set to reduce the total amount issued. High oil prices and the use of last year's budget surplus to ...
The Saudi government and entities like its Public Investment Fund have issued around $50 billion in bonds in 2024, according to data compiled by Bloomberg, which includes corporate and sovereign sales in US dollars and euros. That flurry of activity has made the oil-rich country one of the...
Saudi Arabia’s central bank announced on Tuesday that the government has approved the licensing of a third digital bank, called D360 Bank, with a capital of 1.65 billion riyals ($440 million). It added that the Kingdom’s Public Investment Fund (PIF) was part of the consortium of compani...
Moreover, the issuance of the bonds will strengthen economic cooperation between China and Saudi Arabia, promote the implementation of the Belt and Road Initiative, and foster infrastructure and energy cooperation. In recent years, China has made significant strides in high-standard opening-up and ex...
24 January 2021ByColin Foreman The National Debt Management Centre has closed the latest issuance of its Saudi riyal-denominated sukuk programme Subscribeto read the full article Become a MEED subscriber for unlimited access to: Exclusive news, comment and analysis on the MENA region ...
For practical illustration, the author draws on Saudi Arabia’s experience in accumulating foreign exchange reserves, considering the country’s fixed exchange rate regime and broader macroeconomic backdrop. The author sheds light on the pivotal role played by the central bank’s holding of foreign ...
Riyadh has taken steps to try to encourage foreign firms to invest more in the country. The government in 2021, for example, said companies seeking to secure state contracts must set up their regional headquarters in Saudi Arabia. PIF has been increasing its focus on dom...
Full name Saudi Electricity Company Registration country Saudi Arabia Industry PowerShareOther Company's News S&P Global Ratings revised outlook on Saudi Electricity Company to positive and affirmed at "A" (Local Currency LT) credit rating 18/09/2024 S&P Global Ratings revised outlook on Saudi ...