Tuesday 11 December 2018
 
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Saudi economy

Badir contribution to Saudi economy hits $560m

Badir Program for Technology Incubators and Accelerators, an initiative of KACST, has contributed SR2.1 billion ($560 million) to Saudi Arabia's economy on a cumulative basis from 2010 to the end of last year, a report said. B

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Saudi economy to maintain growth in 2018-19: IMF

Saudi Arabia's economy growth would continue during the current fiscal year 2018-19, following a shrink of 0.9 per cent in 2017, said the International Monetary Fund (IMF) in a new report. Such a growth is a result of the King

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Saudi Arabia sees sharp fall in H1 fiscal deficit

Saudi Arabia has reported a sharp improvement in fiscal deficit in the first half (H1) of the year, coming in at SR41.7 billion ($11.1 billion), much lower than 50 per cent of SR195 billion projected for the full year by the government, a report

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Saudi economic growth seen at 1.8pc in 2018

Saudi Arabia’s economic growth will reach 1.8 and 2.3 percent in 2018 and 2019 respectively, with both estimates being slightly higher than what the International Monetary Fund (IMF) predicted earlier this year, according to a new report.

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Saudi growth recovers on high oil prices: report

Saudi Arabia’s economic activity has bottomed out as high oil prices are allowing implementation of looser fiscal policy and containing near-term fiscal deterioration, said the Bank of America Merrill Lynch (BofAML) in a new report.

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‘BPO offers big benefits for Saudi economy’

The Saudi economy has the potential to accelerate in growth by utilizing the services of business process outsourcing (BPO) providers, said an industry expert. “There is ample business literature to confirm that companies wh

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Saudi economy to expand 5.5pc in 2011

With a spurt in oil output, coupled with greater state spending commitments, the Saudi economy looks set to expand 5.5 per cent in 2011 in real terms, up from a previous forecast of 4.2 per cent, said a report. As a result of more favorabl

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Saudi economy in 'excellent' shape

Saudi Arabia's economy is in an 'excellent' shape and a rise in oil prices will boost the strong economic and financial position of the world's top oil exporter, its finance minister said on Saturday. 'The Saudi bourse

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Saudi economy poised to grow 4pc in 2011

Saudi Arabia’s economic growth will surge to four per cent in 2011 from three per cent this year mainly driven by massive capital investments in key strategic sectors and infrastructure, according to Standard Chartered. Hydrocarbons a

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Saudi economy grows 24pc in H1 says report

The Saudi economy continued its strong growth in the first half of this year, with the nominal GDP surging 24.1 per cent to SR798.5 billion ($212.9 billion) from SR643.3 billion during the same period last year, a report said. The high gro

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