world bank stresses confidence in future of saudi economy
Last Updated : GMT 09:03:51
Almaghrib Today, almaghrib today
Almaghrib Today, almaghrib today
Last Updated : GMT 09:03:51
Almaghrib Today, almaghrib today

Praising economic reforms

World Bank stresses confidence in future of Saudi economy

Almaghrib Today, almaghrib today

Almaghrib Today, almaghrib today World Bank stresses confidence in future of Saudi economy

Saudi economy
Riyadh - Al Maghrib Today

The World Bank said that Saudi reforms, which fall under the framework of Vision 2030, have increased the level of trust in the Kingdom’s economy, noting that growth rate is expected to rise by 2 percent between 2018 and 2019, compared to 0.6 percent this year due to low oil production.

“Saudi Arabia is leading the region through 10 strategic reform programs, including comprehensive structural reforms in public finance and economy,” Dr. Nader Mohammed, Middle East regional director for the World Bank, told Asharq Al-Awsat.

“Plans to build a social safety network will help mitigating the impact of reforms on low- and middle-income citizens,” he added. The World Bank official warned, however, that the economic outlook for the region was exposed to risks under the foggy atmosphere resulting from the geopolitical developments in the region.

He underlined that OPEC’s reduction of the production ceiling could also be undermined by non-traditional energy producers in North America. “Any disorder in the global financial markets could affect the cost of financing areas that still have huge financing needs,” Mohammed stated.

He pointed out that international changes and the decline in oil prices have had a direct and significant impact on the economies of the GCC countries over the recent years, despite the significant reform efforts aimed at restructuring the countries’ economies.

The Gulf economy is expected to witness a rising growth rate from 1.3 percent in 2017 to 2.6 percent in 2019, according to the World Bank regional director. The rise in spending and the level of confidence in the non-oil sector are likely to be slow, in the wake of stable oil prices, a soft fiscal austerity and the implementation of major reforms planned for the region, he added.

almaghribtoday
almaghribtoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

world bank stresses confidence in future of saudi economy world bank stresses confidence in future of saudi economy

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

world bank stresses confidence in future of saudi economy world bank stresses confidence in future of saudi economy

 



Almaghrib Today, almaghrib today Skincare PR Performance Full Year 2017

GMT 09:22 2018 Monday ,22 January

Skincare PR Performance Full Year 2017
Almaghrib Today, almaghrib today New hunt for flight MH370 gets under way

GMT 11:03 2018 Wednesday ,24 January

New hunt for flight MH370 gets under way
Almaghrib Today, almaghrib today Modern colorful bedroom renovation

GMT 10:57 2017 Thursday ,21 December

Modern colorful bedroom renovation
Almaghrib Today, almaghrib today Puigdemont candidate for Catalan president

GMT 13:56 2018 Tuesday ,23 January

Puigdemont candidate for Catalan president
Almaghrib Today, almaghrib today Turkey detains dozens more

GMT 10:47 2018 Wednesday ,24 January

Turkey detains dozens more
Almaghrib Today, almaghrib today The Rake announces editorial updates

GMT 10:46 2018 Tuesday ,16 January

The Rake announces editorial updates
Almaghrib Today, almaghrib today Europe brings on charm and blue skies

GMT 11:51 2018 Tuesday ,23 January

Europe brings on charm and blue skies
Almaghrib Today, almaghrib today For the Variety of Interior Design Styles

GMT 10:46 2017 Tuesday ,19 December

For the Variety of Interior Design Styles
Almaghrib Today, almaghrib today US Christian tourists see deep meaning

GMT 13:44 2018 Monday ,22 January

US Christian tourists see deep meaning
Almaghrib Today, almaghrib today Amazon to open first cashierless shop

GMT 10:03 2018 Tuesday ,23 January

Amazon to open first cashierless shop

GMT 15:17 2017 Thursday ,17 August

Three airlines jostling for Air Berlin assets: CEO

GMT 05:38 2017 Thursday ,06 April

ExxonMobil, Qatar Petroleum sign Cyprus gas deal

GMT 02:41 2016 Saturday ,24 December

Oil dips before holiday week; Libyan output boost weighs

GMT 11:31 2014 Thursday ,14 August

Kanye West's new single 'All Day' leaks online

GMT 10:43 2018 Tuesday ,23 January

Volkswagen clinches record sales

GMT 08:27 2018 Friday ,05 January

US warns Iran to be held to account

GMT 09:17 2017 Saturday ,23 December

Ugandan army says it attacked rebel camps

GMT 01:57 2017 Saturday ,21 January

In Libya, Daesh down but not out

GMT 05:51 2012 Wednesday ,18 January

Shireen’s latest out soon

GMT 08:56 2017 Thursday ,26 October

Workplace harassment blights industries across board

GMT 17:51 2017 Wednesday ,25 October

Maxwell says refused service over kneeling for anthem

GMT 17:53 2016 Wednesday ,20 April

OIC slams Netanyahu 's statements on Golan Heights

GMT 14:41 2016 Tuesday ,19 January

2 Daesh members killed in Libya's Derna

GMT 21:51 2016 Monday ,29 February

Airstrike targets suspected Daesh convoy in Libya

GMT 21:18 2016 Tuesday ,15 November

Rare suicide attack south of Baghdad kills 8

GMT 17:56 2015 Thursday ,27 August

US journalist killings revive gun control debate
Almaghrib Today, almaghrib today
 
 Almaghrib Today Facebook,almaghrib today facebook  Almaghrib Today Twitter,almaghrib today twitter Almaghrib Today Rss,almaghrib today rss  Almaghrib Today Youtube,almaghrib today youtube  Almaghrib Today Youtube,almaghrib today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

.almaghribtoday .almaghribtoday .almaghribtoday .almaghribtoday
almaghribtoday almaghribtoday almaghribtoday
almaghribtoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
almaghribtoday, Almaghribtoday, Almaghribtoday