News Saudi Arabia Economy: Saudi Arabia sees deeper budget deficits ahead
Higher oil prices have largely offset lower export volumes, lifting revenue above prewar estimates, but spending is set to rise faster.
News Saudi Arabia Economy: Saudi Arabia Faces ‘Unprecedented Strategic and Economic Squeeze’ as Its Options Dwindle
Since the outbreak of the Iran war this year, Saudi Arabia has built new military alliances, deepened diplomatic engagement with Iran and diversified oil export routes to shield itself from the conflict. Yet despite being one of the world’s richest nations, the kingdom now faces mounting threats and pressure from all sides, threatening its security…
News Saudi Arabia Economy: Mnzil, TDG and Capital Partners launch a real estate fund to invest SAR 1 billion in elevating workforce housing in Saudi Arabia
Mnzil, Saudi Arabia's first and leading tech-enabled workforce housing platform, The Development Group (TDG) and Capital Partners have launched a real estate fund to invest SAR 1 billion in developing purpose-built compounds housing up to 50,000 workers across the Kingdom. Through the fund, Mnzil will serve as strategic partner and exclusive operator of the portfolio. TDG will lead site selection, design and property development, while Capital Partners will serve as fund manager.
News Saudi Arabia Economy: Saudi Arabia Transfers Aramco Shares Worth $80 Billion to Wealth Fund
DUBAI—Saudi Arabia transferred shares worth about $80 billion in oil giant Aramco to its wealth fund as part of efforts to diversify the kingdom’s hydrocarbon-dependent economy. The transfer of a 4% ...
News Saudi Arabia Economy: Saudi Arabia gives 4% of Aramco worth $80B to fund
The Saudi Arabian Oil Co. long has served as both the main economic engine in the kingdom and the main source of funds for its ruling Al Saud royal family. Saudi Arabia offered a sliver of shares of ...
News Saudi Arabia Economy: Saudi Arabia transfers $80bn in shares to wealth fund for green projects
Crown Prince Mohammed bin Salman said move was part of efforts to recalibrate the oil-led economy Last modified on Sun 13 Feb 2022 14.36 EST Saudi Arabia has transferred shares worth $80bn to its ...
