The Weekly Market Brief reviews the past week’s highlights from the Saudi, U.S., and global markets. Topics discussed in the Saudi markets include the Tadawul’s performance, Saudi Arabian Monetary Authority (SAMA) monetary and fiscal policy announcements, major investment developments, and major drivers of Saudi markets such as oil and non-oil sector growth, debt issuances, planned privatizations and fluctuations in global oil prices among others. U.S. markets cover market updates to fixed income, equities, labor and commerce, and major reports related to the U.S. economy, key trading partners or global events.
Monthly Economic Briefs
The Monthly Economic Brief is a short, discussion-based report that provides context on current trends or major policy changes taking place in the Kingdom through an economic lens.
The budgeted deficit for 2020 is estimated to reach SAR298 ($79.5 billion) or 12 percent of GDP compared to SAR133 billion ($35.5 billion) or 4.5 percent of GDP in 2019. (more…)
Saudi Arabia is quickly becoming a leader in the growth of the global sukuk market as the government has pivoted to deficit spending to fund its expenditures and flagship Vision 2030 programs. (more…)
Saudi Arabia’s strategic geographic location at the intersection of Europe, Asia, and Africa positions itself to become a leading global logistics hub by promoting the ease of movement of people and goods across the Kingdom. (more…)
The Ministry of Finance recently released both its official second quarter 2020 GDP report and preliminary budget statement for the 2021 fiscal year. (more…)
Among the ten delivery programs established in 2017 to realize Vision 2030, the Financial Sector Development Program (FSDP) has seen substantial progress despite the economic downturn stemming from the COVID-19 pandemic. (more…)
The COVID-19 global pandemic has forced governments to grapple with significant social and economic changes in a short period of time. (more…)
The Saudi power sector is in the midst of significant developments aimed at generating and growing its capacity to supply electricity to residential consumers and commercial customers. (more…)
Saudi Arabia’s dual shock of the coronavirus pandemic and a crash in oil prices has led to more than SAR270 billion ($72 billion) in stimulus spending and a significant deficit in the first quarter. (more…)
The IMF projects that global GDP will contract by 3 percent in 2020 after governments implemented lockdown policies that stalled business operations and supply chains in the interest of public health. (more…)
Economic Brief – Saudi Arabia COVID-19 Policy Response and Budgetary Performance During Q1 2020 – March 2020
The global economy has witnessed a dramatic shift in supply and demand dynamics resulting from COVID-19 that has negatively impacted the full spectrum of economic activities. (more…)
Industry Sector Reports (ISR)
In-depth sector reports provide an overview of Saudi Arabian sectors with particular emphasis on market determinant, demand outlook, regulatory frameworks, financing, and sector challenges.
Quarterly USSBC Contract Awards Index Reports
Released on a quarterly basis, the USSBC Construction Contract Awards Report uses a proprietary index to track Saudi Arabia’s construction pipeline. The report provides deeper analysis of major projects and a regional and sectoral breakdown. The headline index is a forward-looking indicator measuring the health of the Saudi construction market.