Chemical & Energy

Saudi 2020 Budget Focuses on Privatization

The 2020 commitments include driving the private sector to reach SR 13-14 billion to the GDP, securing around SR 35-40 billion government revenues from asset sales and SR 30-35 billion net government savings from privatization or public-private partnership.

Saudi Arabia Pushes OPEC to Cut Oil Production

The Organization of the Petroleum Exporting Countries (OPEC) nations and its alliance, led by Saudi Arabia and Russia agreed to deepen their oil cuts to 1.7 million b/d from the current.

Saudi Arabia Takes Over G20 Presidency

Saudi Arabia will assume the presidency of G20, the world’s most economically powerful group of nations.

Regulations Needed to Develop Saudi’s Creative Industry

Although Saudi Arabia has great potential to develop its creative industry, there’s still a lack of a strong infrastructure to facilitate growth.

Smart Hajj to Improve Pilgrims' Journey in Saudi Arabia

The Ministry of Hajj and Umrah of Saudi Arabia is building and in the process of integrating a bundle of smart systems in facilitating the travel of pilgrims from around the world and ensuring that the religious rituals can be performed with ease.