The A’sharqia, or Eastern Province of Saudi Arabia, continues to be at the forefront of the country’s economic and industrial advancement. The province is also a microcosm of the government’s diversification efforts, with a...
Saudi Arabia
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Articles & Analysis | At the forefront: The region continues to be a mainstay of the economy from The Report: Saudi Arabia 2013
Interviews & Viewpoints | OBG talks to Osama Al Bar, Mayor of Makkah from The Report: Saudi Arabia 2013
Articles & Analysis | Shaping up: A survey of the sector’s regulatory environment from The Report: Saudi Arabia 2013
The Saudi Arabian Monetary Agency (SAMA), the Kingdom’s central bank, is widely viewed as one of the top insurance regulators in the Middle East and North Africa (MENA) region. According to an October 2012 report released by AM Best, an international ratings agency, SAMA is “well respected locally” and is “one of the more...
Articles & Analysis | New prospects: As slow growth continues in many parts of the world, the stock exchange could see increased interest from The Report: Saudi Arabia 2013
With the spectre of the global economic slowdown still looming over advanced economies, investors weary of waiting for the long anticipated financial rebound might do well to look to emerging markets for potentially attractive yields. Four years on from the credit crisis, advanced economies are still lagging behind global...
Articles & Analysis | New business: Changes in the mortgage market bode well for the insurance industry from The Report: Saudi Arabia 2013
In early July 2012 Saudi Arabia’s cabinet approved a legislative package that is expected to completely overhaul the Kingdom’s mortgage market. The new mortgage framework, which has been in development for more than a decade, is expected to be put in place by the end of 2012, though it could potentially be pushed to early 2013....
Articles & Analysis | Increased security: Defence offsets programme helps to create local benefits from The Report: Saudi Arabia 2013
Looking to safeguard the county’s security in a tumultuous region, Saudi Arabia’s spending on defence continually ranks among the highest components of the country’s annual budget. While military expenditures as a proportion of the entire budget has fallen in recent years, defence and security spending accounted for 30.8% of the...