Kuwait Wealth Fund Appoints Interim Managing Director

The Kuwait Investment Authority (KIA), the Gulf country’s sovereign wealth fund, has appointed Basr al – Ajeel as interim managing director pending a permanent appointment, a source familiar with the matter said  on Wednesday. The KIA last week appointed a new board of directors but hadn’t names a new managing director. The term of the … More Kuwait Wealth Fund Appoints Interim Managing Director

Saudi Arabia Posts Second – Quarter Definit Of 4.6 Billion Riyals

Saudi Arabia said on Monday it posted a deficit of 4.6 billion riyals ($1.23 billion) in the second quarter, a huge drop from 109.2 billion riyals reported in the same quarter a year ago amidst a crash oil prices. The kingdom, the Arab world’s largest economy and the world’s top exporter, realised revenues of248 billion … More Saudi Arabia Posts Second – Quarter Definit Of 4.6 Billion Riyals

Kuwait’s 2020 – 21 Budget Deficit Increases 175% To Record 10.8 Bln Dinars

Kuwait’s budget deficit increased 174.8% in the 2020 – 21 year to 10.8 billion dinars ($35.5 billion), the finance ministry said on Saturday, nothing it was the highest deficit in the country’s fiscal history. Revenue dropped to 10.5 billion dinars in the financial year that ended on March 31, down 38.9%, while expenditure increased 0.7% … More Kuwait’s 2020 – 21 Budget Deficit Increases 175% To Record 10.8 Bln Dinars

Saudi Arabia’s Crown Prince Launches National Transport And Logistics Strategy

Saudi Arabia’s Crown Prince Mohammed bin Salman has launched the National Transport Transport and Logistics Strategy, which aims to upgrade all services and means of transport, according to Saudi Press Agency SPA. The Crown Prince added that the strategy would enable Saudi Arabia to invest its geographical position in the middle of the three continents in diversifying its … More Saudi Arabia’s Crown Prince Launches National Transport And Logistics Strategy

Saudi Crown Prince Launches New ‘Partner’ Program Between Private, Public Sector

Saudi Arabia’s Crown Prince Mohammed bin Salman will be announcing the launch of a new program meat to strengthen the partnership with the private sector in the Kingdom. The Crown Prince announced the ‘Saudi Arabia’s Partner Program’ with the private sector during a virtual meeting with a number of ministers, as well as senior businessmen … More Saudi Crown Prince Launches New ‘Partner’ Program Between Private, Public Sector

Russia, Saudi Arabia At Odds Over Output Deal Ahead Of OPEC+ Meeting – RIA Cites Source

Saudi Arabia and Russia have difference over a potential deal among OPEC+ oil producers that could ease curbs on supply starting in April, a source told RIA news week. The Organization of the  Petroleum Exporting Countries and its allies, a group known as OPEC+, are likely to ease curbs on supply after April given a … More Russia, Saudi Arabia At Odds Over Output Deal Ahead Of OPEC+ Meeting – RIA Cites Source

BREAKING NEWS | Investments In Saudi Arabia’s Economy Will Reach Six Trillion Dollars: Crown Prince

AL ULA – – Saudi Arabia’s Crown Prince Mohammed bin Salman says major investment opportunities in Saudi Arabia will amount to six trillion dollars over the next ten years, including 3 trillion dollars in investments in new projects, within the framework of the opportunities provided by Vision 2030, reported Saudi Press Agency. Saudi Arabia’s Crown … More BREAKING NEWS | Investments In Saudi Arabia’s Economy Will Reach Six Trillion Dollars: Crown Prince

ECONOMY | Saudi Sovereign Wealth Fund Hires New Corporate Finance Head, Makes Other Changes

RIYADH – – Saudi Arabia’s sovereign wealth fund has hired Fahad al – Saif, the chief executive of the finance  ministry’s debt management centre, as its new corporate finance head. He replaces Alireza Zaimi, who will become a special advisor to the fund’s  governor Yasir al – Rumayyan, the Public Investment FUND (PIF) said in … More ECONOMY | Saudi Sovereign Wealth Fund Hires New Corporate Finance Head, Makes Other Changes

BREAKING NEWS | Saudi Crown Prince: We Will Continue To Grow In Various Fields

NEOM – – Saudi Arabia’s Crown Prince Mohammed bin Salman bin Abdulaziz, Deputy Prime Minister, Minister of Defense and Chairman of the Council of Economic and Development Affairs, affirmed that the Kingdom will continue to consolidate the gains made since the approval of the Vision 2030, and stressed its keenness to move towards further development … More BREAKING NEWS | Saudi Crown Prince: We Will Continue To Grow In Various Fields

BREAKING NEWS | Saudi Crown Prince: Kingdom’s Economy Proves Ability To Face COVID-19 Repercussions

RIYADH – – Saudi Arabia’s economy has proven its ability to face the repercussions of the coronavirus pandemic, Crown Prince Mohammed bin Salman said following the announcement of the Kingdom’s budget for 2021. ‘Financial and economic measures have been taken at reducing the repercussions of the pandemic on economic activities. The crisis was managed with … More BREAKING NEWS | Saudi Crown Prince: Kingdom’s Economy Proves Ability To Face COVID-19 Repercussions