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Tag: Saudi economy

Saudi financial sector strong enough to withstand shocks

4 years ago
audi Arabia’s financial sector remains sound and resilient to economic shocks, Dr Fahad Al Shathri, Deputy Governor for Supervision at the Saudi Arabia Monetary Authority (Sama), said in Dubai on Wednesday. Delivering a keynote address at the Corporate Restructuring Summit 2018, Al Shathri said the kingdom’s banking and financial sector stood on sound footing despite […]
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How a surprise deal to boost world oil supply could 'stir the pot' in the Middle East, and pressure Saudi's spare capacity

4 years ago
An impromptu agreement between the United States and Saudi Arabia to add more supply to increasingly tight oil markets is perceived as a test of the kingdom’s ability to pump more crude — and could further antagonize Iran and Venezuela, as both countries grapple with deteriorating conditions in their respective economies. Barely a week after […]
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Saudi Arabia mulls more fiscal expansion in 2018 to spur economy

5 years ago
Saudi Arabia is considering a more expansionary budget than planned for 2018, Finance Minister Mohammad Al Jadaan said, as authorities seek to support an economy struggling under the weight of austerity cutbacks. Authorities were already planning an expansionary budget, “and we are considering even a potential further expansion,” Al Jadaan said in an interview at […]
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