The decision to split Saudi Aramco, the world’s largest oil and gas producer, from the Ministry of Petroleum & Minerals is a logical extension of the decision earlier in the week to appoint its president and chief executive officer Khalid…
Tag: Saudi Arabia
Video: introduction to banking in the GCC
The Middle East in the first quarter of 2015
Saudi heritage company formed
The Saudi Commission for Tourism & Antiquities (SCTA), a state agency chaired by Prince Sultan Bin Salman, signed an agreement yesterday for the creation of a new company to promote investment in heritage buildings in the kingdom. The Saudi Company…
Foreign, finance and oil ministers stay in Saudi cabinet shake-up
Prince Abdulaziz Bin Salman appointed deputy oil minister King Salman has retained long-serving foreign, finance and oil ministers in a cabinet and government reshuffle announced on 29 January. Sons of the late King Abdullah have been replaced as governors of…
Saudi Arabia’s 2015 budget and its implications for business
Saudi government revenue to fall 32 per cent in 2015; spending down 22 per cent
Saudi Arabia’s Finance Ministry announced on 25 December that government revenue is projected to fall by 32 per cent and public spending by 22 per cent in 2015, confirming that Saudi Arabia is anticipating a lengthy period of lower oil…
Stellar speakers to address SGBF Conference in Riyadh this month
A world-class panel of speakers will address the 5th SGBF Conference, organised under the patronage of HRH Prince Dr Mansour bin Metib bin Abdulaziz, which is to be held in Riyadh’s Al Faisaliah Hotel on 16-19 November 2014. Prince Mansour…
Saudi Arabia to accelerate investment in minerals supply chain
Saudi Arabia is accelerating its mineral resources development plan in an initiative that will facilitate the development of its mining industry, mining industry leaders in the kingdom have told MEED. “The aim is to establish mining and its support services…
Saudi economy remains robust, surpluses continue: Jadwa
The Saudi economy is continuing to grow robustly and surpluses in the both the budget and the current account will continue in 2014, according to the July economic report published today by Saudi Arabia’s Jadwa Investment. “The economy was robust…