Sales and demand conditions are expected to rise as restrictions are lifted, international flights began to operate again, and foreign visitors are entering the country as tourist venues reopened. Though the recovery is being considered as a sign of post-COVID revival, a strong economic rebound is still a long way to go
The report warns oil prices will not rise significantly due to the expected rise in global production, especially from US shale producers who are responding to stabilizing prices by increasing drilling activity. Brent crude is forecast to average $52 per barrel in 2017 and 2018, before a more vigorous acceleration from 2019 onwards.
The volume of spending on information technology (IT) in the Kingdom is expected to hit $7.5bn (SR28bn) in the current year
Oil and gas giant Saudi Aramco has invited banks to pitch for an advisory position on what is expected to be the world's biggest initial public offering, sources familiar with the matter told Reuters on Tuesday.
audi Arabia will launch in coming weeks a renewable energy program that is expected to involve investment of between $30 billion and $50 billion by 2023
Saudi Arabian Monetary Authority (SAMA) issued sixth edition banknotes and coins under the motto, “Confidence and security.” The new notes incorporate security print features that make them less prone to forgery.
According to The Boston Consulting Group’s (BCG) report, Unlocking e-Commerce Opportunity in the Kingdom of Saudi Arabia, the growth of e-Commerce largely outpaces the growth of traditional retail—a trend that is expected to further accelerate in the coming years.