Oil revenue in Saudi Arabia dropped 5% year-on-year in the second quarter of 2019 while non-oil revenue declined 4%
saudi budget 2019
Latest in saudi budget 2019
budget deficit
Saudi Arabia starts year with budget surplus for first time since 2014
Biggest Arab economy posts a surplus of $7.4bn in Q1, helped by an increase in non-oil revenue as well as income from crude exports
crude output
Saudi needs oil at $80-$85 a barrel to balance budget, says IMF
The UAE’s energy minister said supply and demand should balance out in the first quarter of 2019
budget deficit
Saudi stocks set to rally this year with multi-billion dollar inflow
With Brent crude down about 30 percent from a four-year high in October, most analysts expect the Saudi budget deficit to overshoot
bank merger
Rising interest rates set to boost Saudi banks’ earnings
Earnings at Saudi Arabia’s 12 listed banks will probably climb 10.1% in 2019
Banking & Finance
Video: Saudi’s 2019 budget prediction
Top oil exporter Saudi Arabia is on course to post a higher deficit and lower economic growth than budgeted, due to a renewed fall in oil prices, economic experts said.