Sunday 1 May 2016
 
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economy

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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Saudis await new vision for future with hope

Saudi Arabians are anticipating with hope the release tomorrow (April 25) of a government plan to liberate the kingdom from its reliance on oil, which could solve deep-rooted problems but bring economic pain. Deputy Crown Prince M

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Saudi future won't depend on oil: top envoy

Saudi Arabia is rapidly moving towards a future where the kingdom's economy is not dependent on oil, said Saudi Ambassador to the United States Abdullah Al-Saud in an article. He detailed the extraordinary economic, social, an

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New Saudi measures to generate $100bn

New measures to raise revenue in Saudi Arabia will bring in at least an extra $100 billion a year by 2020, more than tripling non-oil income and balancing the budget, Deputy Crown Prince Mohammed bin Salman has said in an interview with

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Shrinking Saudi money supply points to slowing economy

Saudi Arabia's money supply shrank in February for the first time in more than a decade, central bank data showed on Tuesday, in a fresh sign the economy of the world's largest oil exporter is slowing sharply because of depressed oil pri

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Shrinking Saudi money supply points to slowing economy

Saudi Arabia's money supply shrank in February for the first time in more than a decade, central bank data showed on Tuesday, in a fresh sign the economy of the world's largest oil exporter is slowing sharply because of depressed oil pri

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Internet users in Arab world to hit 226m

The number of internet users in the Arab world is expected to rise to about 226 million by 2018, according to the Arab Knowledge Economy report 2015 - 2016.    The Internet penetration rate will jump from ab

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Internet users in Arab world to hit 226m

The number of internet users in the Arab world is expected to rise to about 226 million by 2018, according to the Arab Knowledge Economy report 2015 - 2016.    The Internet penetration rate will jump from ab

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US consumer spending up 2.4pc in Q4

US economic growth slowed in the fourth quarter, but not as sharply as previously estimated, with fairly strong consumer spending offsetting the drag from efforts by businesses to reduce an inventory overhang. Gross domestic produ

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'Nervous' Turkey's tourism and economy struggle

Suicide bombings in Istanbul, a row with the Kremlin and hard times for the Russian middle class - all these factors spell trouble for Turkey's tourist industry and its wider economy. Nowhere is the mood gloomier than among shopkeep

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