Saudi Ministry of Finance releases pre-budget statement with an estimated deficit of 2.3% of GDP in 2025
Ministry of Finance – Saudi Arabia
Latest in Ministry of Finance – Saudi Arabia
financial centre
Saudi Arabia set to establish its first financial centre
Saudi Arabia’s Ministry of Finance reveals that it is set to open the kingdom’s first financial centre based on unified standards
Ministry of Finance - Saudi Arabia
Saudi Arabia lures businesses with 30-year tax cut offer
Set up regional headquarters in Saudi Arabia and get major tax benefits Kingdom tells multinationals
Ministry of Finance - Saudi Arabia
Saudi non-oil GDP is growing and healthy: minister
Saudi Arabia’s non-oil GDP will grow by 6% in final quarter of the year says Minister of Finance
bilateral cooperation
Saudi, Iran ‘great investment’ can happen ‘very quickly,’ says minister
Saudi finance minister Mohammed Al-Jadaan said the same during the financial sector conference held in its second edition on Wednesday
Asian Infrastructure Investment Bank
Asian Investment Bank chief thanks Saudi Arabia for support amid infrastructure talks
AIIB President Jin Liqun is currently on a visit to the kingdom
cost of living
Saudi Arabia capped local gas prices in bid to protect economy, Minister of Finance Mohammed Al-Jadaan says
The decision was taken in anticipation of global economic uncertainty, the minister said
bond issuance
Saudi Arabia announces partial repurchase of $1.3 billion outstanding dollar-denominated bonds
These bonds are maturing in 2023, 2025 and 2026
bilateral economic relations
Saudi finance minister heads country’s delegation for this year’s IMF, World Bank meet
The IMF-World Bank meetings are being held from October 10 until 16
debt market
BNP Paribas, Citigroup, Goldman Sachs among new debt market primary dealers appointed by Saudi Arabia
The move to rope in global financial institutions is aimed at further developing the country’s secondary debt market by diversifying the investor base
Green Economy
Saudi Arabia announces $186 million investment to develop green economy, create jobs
The Kingdom has a package of initiatives launched, and will contribute to reducing carbon emissions by more than 278 million tons annually
budget surplus
Saudi budget sees first quarterly surplus since 2019 on high oil
Gulf nation’s surplus during the third quarter was about $1.8bn, trimming the year-to-date deficit to $1.4bn
bond market
Saudi deal with Euroclear to allow foreigners access to debt
Major emerging economies like Russia have in recent years partnered with Euroclear to lure bond inflows by allowing it to act as a custodian for foreign investors’ collateral
budget deficit
Saudi Arabia plans to narrow budget deficit in 2022 amid revenue boost
Revenue is expected to reach SR903bn in 2022, higher than a forecast last year of SR864bn, according to Finance Ministry
banking fraud
Saudi Finance Ministry warns of cryptocurrency scammers
A Singapore-based company is reportedly using official emblems and claiming the cryptocurrencies will fund Neom
budget deficit
Saudi Arabia’s budget deficit widens to $8.9bn in Q2
Oil revenue in Saudi Arabia dropped 5% year-on-year in the second quarter of 2019 while non-oil revenue declined 4%
budget surplus
Saudi Arabia posts surplus for first time since 2014
Oil revenues rose 48 percent from the same period in 2018