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Saudi Arabia: Economic Outlook and Policy Challenges

202-785-1141 ext. 202 The International Monetary Fund (IMF) has just released its July 2021 Article IV Consultation. This webinar will address the report in the context of the impact of the Covid-19 pandemic on the Saudi economy and assess the government s policy response. With lasting effects from the pandemic and lower oil prices through early 2021, fiscal pressure increased and heightened the pace of some economic reform. As the non-oil economy begins to recover, the Saudi government is faced with immediate policy challenges and the longer-term challenge of diversification away from oil reliance.    What fiscal policy challenges has the volatility in the oil market created? How well are reforms meeting the need to generate more jobs for Saudi nationals in the private sector? How has the trajectory of foreign direct investment flows impacted the transformation of the Saudi economy?

License To Dream: KAUST Launches Entrepreneurship Adventures, An Online Accelerator Program In Arabic To Support Innovative Ideas In Saudi Arabia

July 13, 2021 9 min read Opinions expressed by You re reading Entrepreneur Middle East, an international franchise of Entrepreneur Media. In the Kingdom of Saudi Arabia, despite the many financial repercussions caused by the COVID-19 pandemic, the rate of total early-stage entrepreneurial activity rose from 14% in 2019 to 17.3% in 2020. This statistic is just one major highlight of how the Kingdom has become a breeding ground for many innovative ideas and startups in recent times.   Providing support and resources to such entrepreneurial initiatives is the Entrepreneurship Center at the King Abdullah University of Science and Technology (KAUST), located in Riyadh. Hattan Ahmed, Head of KAUST’s Entrepreneurship Center, says that his department has a two-pronged approach in this regard. “We carry out two strategic activities, the first being spreading the knowledge and know-how of entrepreneurship and building an entrepreneurial culture

How pilgrims benefit from digitisation when performing Hajj

How pilgrims benefit from digitisation when performing Hajj
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