Friday 6 May 2016
 
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reforms

Saudi stock market reforms by mid-2017

Saudi Arabia will implement by the middle of 2017 planned reforms to stimulate the stock market and open it wider to foreign investment, the Capital Market Authority (CMA) said on Thursday. "The amended rules will be publishe

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Saudi prince makes bold moves towards reforms

Saudi Deputy Crown Prince Mohammed bin Salman got a standing ovation when he visited a gathering of Saudi youth last month. Last week, after hearing about his economic plans in a meeting with religious leaders, one of the kingdom's conservat

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IMF welcomes Bahrain reforms; seeks more

International Monetary Fund (IMF) has welcomed the substantial fiscal measures Bahrain has implemented, including on energy price reform, to safeguard macroeconomic stability. Nonetheless, additional efforts are needed to further

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Saudi Vision 2030 - Comprehensive package of reforms

The unprecedented reform effort announced by Saudi Deputy Crown Prince Mohammed Bin Salman would set the stage for the kingdom to emerge as a major economic powerhouse, with lower dependence on oil, says an Al Rajhi Capital report.

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Saudi reforms 'can make economy more dynamic'

A sweeping economic reform plan announced by Saudi Arabia on Monday pleased the financial markets and many analysts who felt the changes will make the economy more dynamic. Deputy Crown Prince Mohammed bin Salman promised to inves

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Saudi Arabia targets 9.5GW of renewable energy by 2030

Top oil exporter Saudi Arabia plans to generate 9.5 gigawatts of electricity from renewable energy by 2030, it said on Monday as it approved its Vision 2030 reform plan. The plan, a package of economic and social policies is desig

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HUGE REFORMS: Saudi to become investment powerhouse

Saudi Arabia Deputy Crown Prince Mohammed bin Salman today unveiled ambitious economic plans aimed at ending the kingdom's "addiction" to oil and transforming it into a global investment power. Prince Mohammed said R

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Saudi Arabia's cabinet approves reform plan

Saudi Arabia's cabinet agreed to implement a broad reform plan known as Vision 2030, which is expected to involve sweeping change to diversify the economy beyond dependence on oil exports, state media reported on Monday. "

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Gulf reform plans encouraging, says IMF

The International Monetary Fund said it was encouraged by the efforts of Saudi Arabia and other Gulf Arab oil exporters to repair damage to their state finances as low crude prices slash export revenues. "I do see in a number

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Bahrain implementing reforms for growth

A comprehensive package of reforms to strengthen Bahrain’s long-term development and achieve a balanced budget is being implemented, said Economic Development Board (EDB) chief executive Khalid Al Rumaihi, reported the Gulf Daily News

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