International Monetary Fund (IMF) has welcomed the substantial fiscal measures Bahrain has implemented, including on energy price reform, to safeguard macroeconomic stability.
Nonetheless, additional efforts are needed to further
The unprecedented reform effort announced by Saudi Deputy Crown Prince Mohammed Bin Salman would set the stage for the kingdom to emerge as a major economic powerhouse, with lower dependence on oil, says an Al Rajhi Capital report.
A sweeping economic reform plan announced by Saudi Arabia on Monday pleased the financial markets and many analysts who felt the changes will make the economy more dynamic.
Deputy Crown Prince Mohammed bin Salman promised to inves
Top oil exporter Saudi Arabia plans to generate 9.5 gigawatts of electricity from renewable energy by 2030, it said on Monday as it approved its Vision 2030 reform plan.
The plan, a package of economic and social policies is desig
Saudi Arabia Deputy Crown Prince Mohammed bin Salman today unveiled ambitious economic plans aimed at ending the kingdom's "addiction" to oil and transforming it into a global investment power.
Prince Mohammed said R
Saudi Arabia's cabinet agreed to implement a broad reform plan known as Vision 2030, which is expected to involve sweeping change to diversify the economy beyond dependence on oil exports, state media reported on Monday.
The International Monetary Fund said it was encouraged by the efforts of Saudi Arabia and other Gulf Arab oil exporters to repair damage to their state finances as low crude prices slash export revenues.
"I do see in a number
A comprehensive package of reforms to strengthen Bahrain’s long-term development and achieve a balanced budget is being implemented, said Economic Development Board (EDB) chief executive Khalid Al Rumaihi, reported the Gulf Daily News
Saudi Arabia will announce on April 25 a comprehensive plan to prepare the kingdom for an era in which it does not rely heavily on oil, Bloomberg quoted deputy crown prince Mohammed bin Salman as saying.
Egypt promised tough action to restore growth with a government programme that aimed to reduce the budget deficit while protecting the poor as public anger mounts over a deteriorating economy.
Prime Minister Sherif Ismail, reading