The slump is a threat to Saudi’s ambitious economic reforms
Survey also finds that 63 per cent expect their family’s financial position to “improve” in the next six months
Riyadh plans to sell about 5 per cent of Aramco in 2018, to raise money for reinvestment in non-oil industries
Heralding major reforms, Saudi Arabia’s Vision 2030 programme was launched with much gusto last year. Has there been significant progress?
Easing of visa restrictions on Indian, Chinese and Russian tourists helped boost business confidence, finds survey
The ratings agency attributed the outlook change to the “economic and financial risks arising from the ongoing dispute”
Residence permits will not be renewed and exit/re-entry visas will not be issued for expatriates unless the fees are paid