Saudi Arabia’s current account is projected to move back into surplus in 2017 after recording massive deficits due to lower oil prices in the past two years, the IMF said in a statement released today following the completion of its…
Category: Saudi Arabia
Saudi Arabia’s no longer a country for old kings
Age wearied them: King Abdulaziz, (top left) was in a wheelchair when he met President Roosevelt in 1945; King Saudi (on right in top right photograph) was regularly absent due to to health problems. His successor King…
Saudi Arabia keeps Interior Ministry in the Bin Naif family
All in the Bin Naif family The late crown prince Naif Bin Abdulaziz (left) was interior minister from 1975 until his death in 2012; his eldest son Prince Saud Bin Naif is now governor of the Eastern province and his…
IMF calls for Saudi Arabia to ease austerity measures
Saudi Arabia is making progress with its fiscal adjustment programme designed to deal with lower oil prices since 2014 but does not need to meet its self-imposed target of eliminating the budget deficit by 2020, the IMF says in a…
US Syria missile attack seals new partnership with Saudi Arabia
The US missile attack on a Syrian airfield last night comes just over three weeks after Saudi Arabia’s Deputy Crown Prince Mohammed Bin Salman met President Trump in the White House in what an advisor to the kingdom’s defence…
Saudi carmaker to use aluminium
Saudi Arabia National Automotive Manufacturing Company (Snam) has agreed to increase the aluminium content in vehicles it plans to produce. The aluminium is to be supplied by Saudi Arabian Mining Company (Ma’aden). Ma’aden operates one of the world’s largest fully…
Saudi Arabia gives green light to its nuclear energy plan
Saudi Arabia this week announced that it has given the go ahead for work to being on the kingdom’s nuclear energy plan, the second in the Arab world after Abu Dhabi where nuclear power is due to start this year.…
The dawn of the Al-Falih era for world oil
Saudi Energy Minister Khalid al-Falih is the new king of global oil In a confident performance at the Atlantic Council Energy Forum in Abu Dhabi today, Saudi Arabia’s Energy Minister Khalid al-Falih targeted the legions of sceptics questioning the kingdom’s…
Saudi Arabia now the world’s third largest phosphate fertiliser exporter
Saudi Arabian Mining Company (Ma’aden) President and CEO Khalid Al Mudaifer The rise of Saudi Arabia’s mining and minerals industry has been recognised with the appointment of Saudi Arabian Mining Company (Ma’aden) President and CEO Khalid Al Mudaifer to…
Saudi Arabia shrugs off challenges; aims high for 2017 and beyond
Pounded by criticisms of its financial position and regional role, Saudi Arabia is working this autumn to ensure it maintains its position as the Arab world’s sole superpower in 2017 and beyond. In oil, Saudi Energy Minister Khalid al-Falih has…