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economy

MOHAMED IQBAL LATONA

MOHAMED IQBAL LATONA is the first ambassador of the Republic of Mauritius to Saudi Arabia. Alexander Woodman sat down with Ambassador Latona to discuss the development of bilateral relations between the two countries. Until a year ago Mauritius did not have an embassy in Saudi Arabia. As your country’s first…

K.S.A. ECONOMIC SNAPSHOT

The August 2018 chart book by Jadwa Investments provides useful insights into Saudi Arabia’s economy. Real economy Data for June showed mixed economic activity. While PoS transactions were up 6.8 percent year-on-year, ATM transactions were down 4.4 percent, reflecting slower activity during the eid al-fitr holidays. Cement sales continued to drop, with a…

HOW AI CAN DRIVE Economic DIVERSIFICATION

In a 2016 interview with al-Arabiya television, Saudi Arabia’s crown prince Mohammed bin Salman did not mince words when he said: “We have developed a case of oil addiction.” This is the central economic dilemma facing Saudi Arabia and the other oil-producing countries of the Middle East – their dependence…

SAUDI ARABIA’S RECORD $17.5 BILLION BOND ISSUE

Saudi Arabia’s record $17.5 billion bond issue Saudi Arabia conducted the largest-ever emerging market bond sale last month, selling $17.5 billion of debt in the government’s first international offer while attracting investor orders totalling almost four times that amount. Reuters attributed the huge demand, larger than many market participants had…

YOUNG GLOBAL LEADERS

One hundred of the world’s most promising business leaders and social entrepreneurs under the age of forty have been selected to join the World Economic Forum’s community of Young Global Leaders. The 2018 nominations include nine outstanding young leaders from the Middle East and North Africa The Young Global Leaders class…

WHOLE-ISTIC

It’s often the case that a different, arguably deeper, understanding of a country can come from its arts and culture, not least the contemporary art that is being produced. At a time of such momentous political, economic and cultural change, “Saudi Cultural Days” was very much about struggles to reconcile…

THE ECONOMIC OUTLOOK FOR SAUDI ARABIA

Recent developments According to the World Bank, Saudi Arabia’s economy contracted moderately at 0.6 percent in 2017, as oil production was restrained in accordance with the OPEC+ agreement, and non-oil sector growth slowed in the wake of reduced public spending. Early data for 2018 suggests that non-oil gross domestic product…

SAUDI ARABIA AND CHINA

What is the current volume of trade between KSA and China? Our statistics indicate that the volume of trade with Saudi Arabia increased from $43 billion in 2016 to $50 billion in 2017. That’s a big increase in a single year. That said, I should note that at one time…