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Moody’s, a financial services company, issued its report on the preliminary statement of the Saudi 2024 budget projections. Despite a 6.5% decline in oil production for the current year until the end of September compared to the corresponding period last year, the contribution of non-oil activity to the Kingdom’s…
The International Monetary Fund (IMF) maintained its forecast for the growth of the Saudi economy for the current and next year at 7.6% and 3.7$, respectively. At these rates, the Saudi economy will be recording the highest growth among the Group of Twenty (G20) countries during the current year, followed…
In comparison to the first quarter’s growth of 9.9 percent, Saudi Arabia’s gross domestic product (GDP) increased by 12.2 percent in the second quarter. It achieved the highest quarterly growth rate in 11 years, thanks to the significant recovery in oil activities. Second-quarter gross domestic product growth numbers…
Monday marked the sixth anniversary of the announcement of Vision 2030 in the Kingdom of Saudi Arabia, and the announcement of His Royal Highness, Prince Mohammed bin Salman, the start of a new era of the future of Saudi Arabia, This era depends on the Kingdom’s non-oil economy and seeks…
Saudi Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince, Deputy Prime Minister, and Chairman of the Council of Economic and Development Affairs, confirmed that spending in the Kingdom’s economy will reach SAR 27 trillion by 2030. In his speech on the occasion of approving the Kingdom’s budget for…
The Kingdom of Saudi Arabia is ranked 16th among the G20 countries in 2019 AD according to its GDP, This summit, which is held under the presidency of the Kingdom of Saudi Arabia in Riyadh for this year 2020, is the premier forum for international economic cooperation. The G20 summit…
