The Saudi economy has the potential to accelerate in growth by utilizing the services of business process outsourcing (BPO) providers, said an industry expert.
“There is ample business literature to confirm that companies wh
With a spurt in oil output, coupled with greater state spending commitments, the Saudi economy looks set to expand 5.5 per cent in 2011 in real terms, up from a previous forecast of 4.2 per cent, said a report.
As a result of more favorabl
Saudi Arabia's economy is in an 'excellent' shape and a rise in oil prices will boost the strong economic and financial position of the world's top oil exporter, its finance minister said on Saturday.
'The Saudi bourse
Saudi Arabia’s economic growth will surge to four per cent in 2011 from three per cent this year mainly driven by massive capital investments in key strategic sectors and infrastructure, according to Standard Chartered.
The Saudi economy continued its strong growth in the first half of this year, with the nominal GDP surging 24.1 per cent to SR798.5 billion ($212.9 billion) from SR643.3 billion during the same period last year, a report said.
The high gro
The Saudi economy is set to register a healthy 3.9 per cent growth rate this year with a budget surplus of SR40 billion ($10.6 billion) against a projected deficit of SR70 billion ($18.7 billion), according to a report by Al Rajhi C
The Saudi economy is forecast to shrink 1.2 per cent this year, despite a stronger market for oil and expanded government investment, it was revealed on Monday.
The recovery of oil prices to above $60 a barrel and a forecast 24 per cent in
Saudi Arabia's economy is set to contract 1.8 percent in 2009 on oil output cuts and weak non-oil growth, said Samba Financial Group, the latest bank to forecast a slowdown in the world's top oil exporter.
Real gross domestic product (GDP)