The guide contains listings of some of the leading hotels and resorts in Saudi Arabia, as well as contact information for key government offices and relevant services. It also features useful tips and information for visitors.
Economy
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Plans for new regulations on direct foreign investment in the Saudi Arabian stock market have been outlined, setting out requirements and limits for oversees buyers seeking to buy into the region’s biggest exchange.
Recently released figures indicate that Oman’s diversification strategy is beginning to bear fruit. But, despite the Sultanate’s finances looking healthier, the country still remains vulnerable to price shocks in the energy sector.
Home to an estimated 15.9% of the world’s proven oil reserves, Saudi Arabia is the single largest economy in the Middle East and North Africa. According to the Ministry of Finance, real GDP grew by 3.8% to $746bn in 2013. While oil income is expected to continue to account for the majority of government revenues for the foreseeable future, the non-oil sector has expanded significantly in recent decades growing 9.3% in 2013.
Africa’s second-largest economy, South Africa, has been grappling with headwinds throughout early 2014, although it narrowly avoided slipping into a recession in the second quarter. The country’s long-term fundamentals remain fairly attractive but the new cabinet will have a tricky job stimulating growth over the remainder of the year.
The economy defied expectations in Malaysia by maintaining a high level of growth in the first half of 2014 at 6.3%, according to new figures released in mid-August, though any weakening in exports could see the rate of expansion ease marginally towards the end of the year and into 2015.