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14 Nov 23
High oil prices and fiscal discipline seem set to boost Gulf Cooperation Council governments’ fiscal situations, S&P Global Ratings has said.
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6 Apr 23
Large foreign reserves and low government debt levels drove Saudi Arabia’s credit rating upgrade, ratings agency Fitch has said.
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13 Dec 21
High oil prices will next year allow Saudi Arabia to post its first budget surplus since 2013, according to the government.
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1 Oct 21
The Saudi Arabian government has forecast a budget surplus from 2023, as recovering oil prices has seen revenues rise.
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5 Aug 21
Falling oil revenues amid Covid-19 reemphasises the need for Gulf Cooperation Council countries to diversify their economies to spread risk, according to a report by World Bank economists.
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16 Feb 21
Companies seeking government contracts in Saudi Arabia will need to set up regional headquarters in the country by 2024, an official has said.
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17 Nov 20
Saudi Arabia’s sovereign wealth fund will inject 150bn riyals (£30bn) into the Kingdom’s economy in 2021 to help spur its recovery from low oil revenues and Covid-19, the country’s crown prince has...
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13 Aug 20
Higher funding needs from responding to Covid-19 along with declining oil sales will lead to greater sukuk issuance this year by the largest sovereign issuers, despite its decline as an overall share...
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12 May 20
Saudi Arabia is set to suspend the living allowance for state employees, in a bid reduce spending amid an economic outlook hit by plunging oil prices and the coronavirus pandemic.
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24 Apr 20
The fiscal deficit caused by the collapse of oil prices and the coronavirus pandemic could force Saudi Arabia to borrow about $26bn more than it planned this year, as well as draw down up to $32bn...
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16 Mar 20
Nearly 300 Saudi officials have been arrested during a crackdown on corruption, accused of offences including bribery, embezzlement and abusing their public positions.
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26 Nov 19
Saudi Arabia is looking for countries’ sovereign wealth funds to invest in its state-owned oil company as it prepares to list it on the stock market.
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19 Nov 19
The imminent listing of Saudi Arabia’s state-owned oil company on the local stock market could strengthen the government’s finances, according to a ratings agency.
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19 Sep 19
The value of bonds in Saudi Arabia’s state-owned oil company have fallen following attacks on the organisation’s facilities.
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19 Aug 19
Sudan’s ex-president has admitted to receiving millions of dollars from Saudi Arabia, a detective has told a court at the start of a corruption trial.
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25 Feb 19
The UK government is to provide an additional £200m of aid to Yemen, where millions of people are suffering in what has been called the “world’s worst humanitarian crisis”.
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18 Feb 19
Saudi Arabia has promised investment deals worth $20bn with Pakistan to help boost its struggling economy.
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7 Feb 19
Saudi Arabia has set up a new office to monitor public spending, despite ending its official crackdown on corruption.
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30 Jan 19
Saudi Arabia has suspended 126 local government workers from various municipalities on corruption charges, the Ministry of Municipal and Rural Affairs has said.
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19 Dec 18
The Saudi Arabian government has announced its biggest-ever budget, with a 7% spending increase next year, to boost economic growth.
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26 Oct 18
Saudi Arabia has agreed to a $6bn rescue package for Pakistan to help it deal with debt problems.
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5 Sep 18
The exiled Yemeni government has pledged to raise the salaries of public sector employees after hundreds of people protested against the rising cost of living.
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20 Aug 18
Saudi Arabia has pledged $100m to back a US programme of support to parts of Syria that are no longer held by the Islamic state.
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4 May 18
The UK High Court is to hear a campaign group’s appeal against a judgement which allows the UK government to sell arms to Saudi Arabia.
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5 Apr 18
Donor countries have pledged more than $2bn in humanitarian aid in response to the “worst manmade humanitarian crisis” in Yemen, at a pledging event in Geneva on Tuesday.
14 Nov 23High oil prices and fiscal discipline seem set to boost Gulf Cooperation Council governments’ fiscal situations, S&P Global Ratings has said.
6 Apr 23Large foreign reserves and low government debt levels drove Saudi Arabia’s credit rating upgrade, ratings agency Fitch has said.
13 Dec 21High oil prices will next year allow Saudi Arabia to post its first budget surplus since 2013, according to the government.
19 Aug 19Sudan’s ex-president has admitted to receiving millions of dollars from Saudi Arabia, a detective has told a court at the start of a corruption trial.
25 Feb 19The UK government is to provide an additional £200m of aid to Yemen, where millions of people are suffering in what has been called the “world’s worst humanitarian crisis”.
18 Feb 19Saudi Arabia has promised investment deals worth $20bn with Pakistan to help boost its struggling economy.
26 Oct 18Saudi Arabia has agreed to a $6bn rescue package for Pakistan to help it deal with debt problems.
5 Sep 18The exiled Yemeni government has pledged to raise the salaries of public sector employees after hundreds of people protested against the rising cost of living.
20 Aug 18Saudi Arabia has pledged $100m to back a US programme of support to parts of Syria that are no longer held by the Islamic state.
4 May 18The UK High Court is to hear a campaign group’s appeal against a judgement which allows the UK government to sell arms to Saudi Arabia.
