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Saudi Arabia’s economic pointers improveSaudi Arabia’s economic indicators appear to be improving as per the latest monthly economic data released by Saudi Arabian Monetary Authority (Sama), said Al Rajhi Capital, a top financial services provider in the kingdom. More… |
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Badir contribution to Saudi economy hits $560mBadir 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 More… |
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Saudi economy to maintain growth in 2018-19: IMFSaudi 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 More… |
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Saudi Arabia sees sharp fall in H1 fiscal deficitSaudi 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 More… |
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Saudi economic growth seen at 1.8pc in 2018Saudi 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. More… |
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Saudi growth recovers on high oil prices: reportSaudi 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. More… |
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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 More… |
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Saudi economy to expand 5.5pc in 2011With 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 More… |
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Saudi economy in 'excellent' shapeSaudi 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 More… |
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Saudi economy poised to grow 4pc in 2011Saudi 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 More… |
