According to a statistical bulletin released by the Saudi Arabia Monetary Authority (SAMA) in early 2015, the amount of money remitted by expatriates in 2014 reached a record high. In total, SR153.3bn ($40.9bn) was transferred to the home countries of the nation’s foreign labour force, representing a rise of 3.6% over the previous year. Data...
Having posted another year of positive results, Saudi Arabia’s banking sector is positioning itself to take advantage of the government’s expansionist fiscal policy and the large number of projects this has created. In the meantime, opportunities in other areas of the lending landscape are being explored, most notably among the nation’s...
Charting a course for government policy over the next five years, the Kingdom’s 10th Development Plan, which runs from 2015 to 2019, places renewed emphasis on education and private sector development as the keys to economic diversification. In this regard, the plan represents the next step towards achieving the government’s long-term vision...
Banks in Saudi Arabia, like their counterparts elsewhere in the region, have benefitted from an increased appetite for loans from retail customers as the economy has shrugged off the effects of the 2008 global financial crisis. Retail lending, according to Aljazira Capital, increased as a share of total loans from around 21% in 2008 to 29.3%...
How will the achievements of the first phase of the National Plan for Science, Technology and Innovation (MAARIFAH) affect the second five-year phase?
How can linking small and medium-sized enterprises (SMEs) to large companies help localise skills and know-how? What is being done to support this?
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