Economy

Resorting to borrowing and increasing taxes… risks facing the Kingdom’s budget deficit

The deficit in the annual budget for the year 2020 in the Kingdom expresses an unprecedented predicament that threatens to increase public…

Serious risks to the Kingdom’s economy are confirmed by the budget deficit

Observers unanimously agree on the existence of critical risks threatening the Kingdom’s economy, which was confirmed by the deficit in its projected…

The Capital Market Company in the Kingdom “Tadawul” announced that the shares of the state-owned Arab Oil Company (Aramco) will be listed…

Local funds dominate Aramco’s IPO

Saudi Aramco’s IPO is being conducted almost entirely with local funds in a fatal failure of Crown Prince Mohammed bin Salman’s Vision…

British report: Aramco IPO funds are humble and limited

A British report confirmed that what the Saudi regime will gain from the subscription of state oil company Aramco is modest and…

Former US official: The Kingdom is heading to bankruptcy

Former US intelligence chief David Petraeus has said the that Kingdom is heading for bankruptcy amid a growing economic crisis that threatens…

Aramco’s low profits reveal risk to investors

Aramco’s announcement of a sharp drop in profits due to attacks on its facilities in September that briefly cut its oil production…

Losses chasing Saudi companies in light of economic downturn

The economic stalemate is looming over the Kingdom, with the biggest companies showing record losses and falling profits amid the failure of…

Saudi bourse losses rise amid pressure to open Aramco IPO

Saudi Arabia’s stock market losses plunged as financial stocks fell sharply as banks pushed the index down. The stock index lost 1.2%,…

Kingdom’s stock exchange and reserves losses continue

Saudi Arabian Monetary Agency (SAMA )’s foreign reserve assets fell 1.4 percent month-on-month to 1,877.2 billion riyals ($ 500.6 billion) by the…