What is the current state of GCC-Singapore economic relations?
Saudi Arabia
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Interviews & Viewpoints | Mutual aspirations: OBG talks to Lim Hng Kiang, Singapore Minister for Trade and Industry from The Report: Saudi Arabia 2014
Articles & Analysis | Starting small: Given the large number of local SMEs, opening up financing and opportunities is key from The Report: Saudi Arabia 2014
In an economy dominated by hydrocarbons, there is no doubt that the big business in Saudi Arabia is oil, but the Kingdom is also home to 1.8m small and medium-sized enterprises (SMEs), according to the International Finance Corporation (IFC).
Interviews & Viewpoints | Staying ahead: Ibrahim Al Assaf, Minister of Finance, on the mid-term outlook from The Report: Saudi Arabia 2014
Economic performance has been strong in the last decade and Saudi Arabia has been one of the best-performing G20 economies in recent years. Real GDP growth averaged 7% per year in 2010-12, second only to China. Following strong growth of 8.6% in 2011, spurred by higher oil output and large fiscal spending packages, the economy grew at a slower,...
Interviews & Viewpoints | Building the workforce: OBG talks to Adel Fakeih, Minister of Labour from The Report: Saudi Arabia 2014
To what extent can the Saudiisation programme ensure that nationals are employed in a productive manner rather than being hired to fulfil a quota?
Articles & Analysis | Complementary investments: Defence offset programmes bolster the economy and boost employment and training prospects from The Report: Saudi Arabia 2014
Saudi Arabia was declared the world’s fourth-largest defence spender after the US, China and Russia in the International Institute for Strategic Studies (IISS) 2014 “Military Balance” report. It estimated the Kingdom’s defence budget for 2013 was $59.6bn, putting it ahead of the UK, France, Japan and Germany. According to the Saudi Arabian Monetary...
Articles & Analysis | Global player: Backed by healthy growth and oil revenues, the government is seeking to diversify the economy from The Report: Saudi Arabia 2014
While some Western countries may be seeing a return to cautious optimism and leading emerging economies are weighing the potential impact on capital flows of tapering in the US Federal Reserve’s quantitative easing programme, Saudi Arabia is seeing sustained growth buoyed by high global oil prices and internal investment in its own infrastructure. Some 15 years after Saudi...