Saudi Arabia signed billions of dollars of deals with U.S. companies during President Donald Trump’s visit to Riyadh. Estimates of their total value vary from $300 billion to close to $400 billion.
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.
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.
Saudi Arabia is likely to attract significant foreign capital via direct foreign investments (FDI) and foreign portfolio investments (FPI) in the months ahead, according to analysts. The recently announced OPEC production cut will also reduce the downside risks for oil prices, enhancing the government’s fiscal [...]
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.
Saudi Cabinet approved rules “for foreign companies to invest in (the) wholesale and retail trade sector with 100 percent ownership.” The previous foreign direct investment limit was 75 percent. The decision is in line with the Vision 2030 plan.
Saudi Arabia accounted for 45 percent of Dubai's total trade within the region, the Dubai Chamber of Commerce and Industry said in a statement. The emirate's trade within the region is witnessing a higher pace of growth, according to the report.