Reviews the week’s macroeconomic and market news from Saudi Arabia and the U.S. The brief includes Saudi equity performance, oil market review, U.S.-Saudi business and trade news, and key global developments.
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Saudi Arabia Macroeconomic Developments: Saudi Arabia announced that international flights through its national carrier, Saudi Arabian Airlines, will resume to 20 destinations including Washington, D.C. The news follows the Kingdom’s...
Saudi Arabia Macroeconomic Developments: The IMF projects Saudi Arabia’s GDP will decline 5.4 percent in 2020 before rebounding 3.1 percent in 2021. The October forecast marked an improved outlook for...
Saudi Arabia Macroeconomic Developments: Saudi Arabia’s GDP fell 7 percent in Q2 YoY amid lockdown measures that were fully lifted only in the final week of the second quarter. Real...
Saudi Arabia Macroeconomic Developments: The value of awarded contracts in Saudi Arabia totaled SAR11 billion ($2.9 billion) in Q2 2020, according to USSBC’s Q2 Quarterly Construction Awards report. The second...
Saudi Arabia Macroeconomic Developments: Saudi Arabia’s goods exports decreased by 53.6 percent YoY in Q2, according to the General Authority for Statistics. Oil exports fell 61.8 percent while non-oil exports...
Saudi Arabia Macroeconomic Developments: The YoY value of real estate transactions in Saudi Arabia increased 2 percent, or SAR2.7 billion ($720 million), to reach SAR160 billion ($42.7 billion) as of...