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Both moves reflect the determination of de facto ruler Crown Prince Mohammed bin Salman to assert his strength. Internally, he renewed his dominance of the ruling family, against…
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DOI: 10.1108/OXAN-DB251285
ISSN: 2633-304X
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This development is at the centre of 'Vision 2030', the kingdom's new medium-term strategy for reducing reliance on crude oil revenue and improving economic efficiency. The…
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DOI: 10.1108/OXAN-DB211021
ISSN: 2633-304X
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Geographic
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Previously in April, Saudi banks put together a SAR10bn (USD2.7bn) revolving credit facility for NEOM, the largest of a cluster of ‘giga-projects’ backed by the PIF. This…
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DOI: 10.1108/OXAN-DB287731
ISSN: 2633-304X
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A major goal of Vision 2030, the kingdom’s strategic development framework, is to address persistently high levels of unemployment, especially amongst young people. Although…
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DOI: 10.1108/OXAN-DB274315
ISSN: 2633-304X
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The fall, which is likely to prove temporary, broke a rising trend. Despite the freeze in relations between Doha and its neighbours, sizeable foreign assets have alleviated…
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DOI: 10.1108/OXAN-DB229090
ISSN: 2633-304X
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SAUDI ARABIA: Austerity package may have little impact