• Economy

    OBG provides coverage of the major macro-economic trends within local economies, including GDP growth, government budgeting, public debt, balance of payments, monetary policy and long-term development strategies.
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I have committed myself to continuing the work on the immutable foundations upon which this blessed country has stood since its unification: adherence to Islamic law, or “sharia”; preservation of the unity, security and stability of this country; and continuance of constructions and completions of the foundations laid out by the late kings of...

 

Trade relations between the GCC and Asian economies have been growing steadily for some time now. Recent developments suggest, moreover, that they are set to expand further over the next decade. While there are some risks associated with Asian markets, the GCC as a bloc is deepening its commitment to the region. This is signalled by a number...

 

What role does Saudi Arabia play in OPEC, given that it is the organisation’s leading oil producer?

 

Which sectors in the GCC present the most favourable opportunities for further expansion by South Korean companies in the coming years?

 

Following a difficult period for the international shipping market, in 2012 the container route from Shanghai to the Gulf through Dubai saw the second-highest rate of freight growth in the entire Asian region. This was part of an emerging trend of the maturation of GCC-Asia trade. A relationship that was once just based on meeting demand for...

 

The Saudi economy has been on an upward growth trajectory in recent years, expanding by 2.7% in 2013 and 3.6% in 2014. This has been primarily driven by the non-oil sector, which has grown at a rate of at least 5% per year in the decade to 2014. For its part, the oil and gas sector also saw modest improvement in 2014, expanding by 0.8% year-on...

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