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.
Weekly Market Briefs
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Saudi Arabia Macroeconomic Developments Saudi Arabia announced that it will resume issuances of new tourism visas and allow the entry of tourists for fully vaccinated individuals without a required quarantine...
Saudi Arabia Macroeconomic Developments OPEC+ reached a major supply agreement that would see total oil production by member countries increased by 400,000 barrels per day (bpd) every month starting in...
Saudi Arabia Macroeconomic Developments The IMF completed its Article IV consultation with Saudi Arabia and forecasts 2.4 percent GDP growth for 2021, including 4.3 percent growth in non-oil GDP. Annual...
Saudi Arabia Macroeconomic Developments Saudi Arabia’s non-oil private sector saw the fastest pickup in employment since November 2019 and further increases in sales and business confidence. IHS Markit’s Purchasing Managers’...
Saudi Arabia Macroeconomic Developments Saudi Arabia’s trade balance declined 8 percent in April to reach a SAR22.2 billion ($5.9 billion) surplus. Imports declined 3.1 percent while exports fell 4.6 percent....
Saudi Arabia Macroeconomic Developments Saudi Arabia closed its June 2021 sukuk issuance at SAR8.3 billion ($2.2 billion). The debt sale was divided into three tranches: the first tranche sized at...