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Business

THE ECONOMIC OUTLOOK FOR SAUDI ARABIA

Recent developments According to the World Bank, Saudi Arabia’s economy contracted moderately at 0.6 percent in 2017, as oil production was restrained in accordance with the OPEC+ agreement, and non-oil sector growth slowed in the wake of reduced public spending. Early data for 2018 suggests that non-oil gross domestic product…

SAUDI ARABIA AND CHINA

What is the current volume of trade between KSA and China? Our statistics indicate that the volume of trade with Saudi Arabia increased from $43 billion in 2016 to $50 billion in 2017. That’s a big increase in a single year. That said, I should note that at one time…

ENERGY, AMBITION AND VISION

After meeting with U.S. President Donald Trump in Washington D.C. on March 19, Saudi Arabia’s crown prince Mohammad bin Salman’s two-week tour of the United States took him to New York, Boston Houston, Seattle, San Francisco and Los Angeles meeting along the way with some of the top political and…

QUARTERLY OIL MARKET UPDATE

Demand is stable The report says three countries are expected to contribute nearly 60 percent of increases in global oil demand in Q2 2018, with China contributing 28 percent, the United States 14 percent and India 15 percent. These three countries, says the report, will also be the main growth…

GCC BANKS ACHIEVE 6% PROFIT GROWTH

The Boston Consulting Group’s (BCG) annual banking index, released last month, revealed that the GCC banking industry grew in 2017 at 2.3 percent, lower than in 2016. Growth stemmed almost exclusively from retail and corporate banking. While, there was a significant decline in revenue growth,the upside was that banks were…

The Arabian Travel Market

THE ARABIAN TRAVEL MARKET

The Arabian Travel Market (ATM) which takes place this year at the Dubai World Trade Centre over four days from April 22-25 is considered by industry professionals to be the barometer for the Middle East and North Africa travel industry. Last year’s event featured 2,661 exhibitors, over 39,000 visitors and…

GCC RETAIL TRENDS

As an update to its GCC Retail Industry report in January 27, 2015, Alpen Capital’s May 2017 report presents a synopsis of the demand-supply dynamics of the retail industry across the GCC. The report also covers recent trends, growth drivers and challenges in the industry. According to the new Alpen…

THE MIDDLE EAST TEXTILE INDUSTRY

The Middle East has long been known as a major trading hub for textiles. What is less well-known is that the region is also starting to transform itself into a manufacturing hub. Leading the way is Saudi Arabia’s SAR 15 billion ($4 billion) textile industry. Saudi textile imports are increasing…