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Saudi economy: Growing deficit and record losses

saudi ecomony

2020 was a stormy year that left many damages to Saudi Arabia and its economy.

Business News Report

World

The Kingdom of Saudi Arabia is considering banning foreign arrivals from performing Hajj for the second year in a row due to the pandemic....

Business

Saudi Arabia’s budget recorded a deficit of 7.4 billion riyals ($2 billion) during the first quarter of 2021, as oil prices and the rest...

Business

The Kingdom of Saudi Arabia has appointed Boston Consulting Group to explore establishing a local company to manufacture electric cars, press reports revealed. According...

Business

The Saudi Arabian Mining Company (Ma’aden) announced that the Board of Directors has approved the resignation of the CEO of the company, Musaed Bin...