The recent return to the bond market by Saudi Arabia marks a significant shift in government policy as the world's biggest oil exporter taps capital markets to cover budgetary shortfalls and balance drawdowns of foreign reserves.
Saudi Arabia
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An increased emphasis on e-learning in Saudi Arabia’s education system, coupled with targets to modernise teaching methods, underpin a wider drive to diversify the economy away from oil and create more jobs.
Economic update | Saudi Arabia to keep pumping oil
25 Jun 2015
Production from Saudi Arabia’s oil fields will remain at near record levels for the next few months, with Riyadh looking to maintain above-average output despite low prices.
Falling demand and rising competition for feedstock, alongside a national push to bring the price of raw materials closer to market rates, are combining to put pressure on Saudi Arabia’s petrochemicals industry.
Further progress has been made in plans to build the Gulf region’s rail network, with Saudi Arabia looking to closely align the project with its economic and social priorities.
The launch of mobile virtual network operators (MVNOs) in the Saudi telecoms market looks set to expand product and pricing options for customers, and boost handset sales, as new operators look to carve out niche segments in the increasingly competitive mobile sector.