The departure of one of the most senior executives at the King Abdullah City for Atomic & Renewable Energy (Ka-Care) could signal a change of direction at the Saudi agency that will involve it focussing on nuclear power, according to…
Category: Saudi Arabia
IMF says Saudi growth to continue, surplus to decline
The IMF has given Saudi Arabia another positive report following the annual Article IV consultation visit to the kingdom earlier this month. “The economic outlook in Saudi Arabia remains favorable. Growth above 4 percent is expected in 2014 and 2015,…
DLA Piper says arbitration centre a major step for Saudi Arabia
Saudi Arabia’s first arbitration centre will be a potentially significant development for commercial parties doing business in one of the region’s most important markets, DLA Piper said in a report issued today. Saudi Center for Commercial Arbitration is to be…
NBK forecasts zero Saudi nominal growth in 2014
The National Bank of Kuwait (NBK) economic update report today foresees zero growth in Saudi Arabia’s nominal GDP in 2014 on lower oil prices and exports. Real GDP, however, is forecast to grow by more than 3 per cent in…