With its sound government finances and trade-friendly policies, Saudi Arabia presents an attractive option for investors. The Kingdom currently benefits from high levels of macroeconomic stability, combined with low debt and a budget that until 2015 had been consistently in comfortable surplus. In June 2015 the country’s stock exchange, Tadawul, was opened to qualified foreign investors for...
Chapter | Trade & Investment from The Report: Saudi Arabia 2015
While hydrocarbons continue to form the bulk of Saudi Arabia’s revenues, the government has placed an increasing emphasis on economic diversification in recent times. Indeed the Kingdom’s economic growth is now being driven primarily by the non-oil sector, which expanded at a rate of 5% in the decade to 2014. Although low oil prices and the government’s commitment to maintaining spending...
Chapter | Country Profile from The Report: Saudi Arabia 2015
2015 has been a momentous year for the Kingdom of Saudi Arabia. The accession of King Salman bin Abdulaziz Al Saud in April, which saw a reordering of the country’s line of succession and brought a reshuffle of the main cabinet positions, indicates a leadership with its sights firmly set on the future. In 2014 the Kingdom had a population of 30.77m, up 2.59% on the previous year. Hydrocarbons...
The accession of King Salman bin Abdulaziz Al Saud in January 2015 was the start of a new chapter for the Kingdom, and with the fall in global oil prices and continued regional turbulence there are undoubtedly challenges to be met. However, domestic stability, combined with the government’s commitment to major development projects and sustained focus on economic diversification, indicate a positive overall outlook for the country moving forward.
Falling commodity prices and a slowing economy will cut into Papua New Guinea’s national revenue this year, although with growth levels forecast at 10% or more, the impact of any downturn may be softer than expected.
Articles & Analysis | Morocco diversifying trade and investment to grow economy from The Report: Morocco 2015
Morocco’s trade balance improved substantially in 2014 and is set to perform better still in 2015 thanks to factors such as lower oil prices and improving conditions in major export markets, though it is set to maintain a large trade deficit for the foreseeable future. Levels of inward foreign direct investment (FDI) have grown substantially...