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SAUDI ARABIA: Government delivers fiscal adjustment

SAUDI ARABIA: Government delivers fiscal adjustment | Speevr

● Nominal steps Saudi Arabia took in recent years when it did not need to, such as imposing a Value Added Tax and offering bonds on Saudi public sector firms, will become core parts of government strategy going forward. ● The government is balancing between continuing capital …   Become a member to read the […]

SAUDI ARABIA: Truce in the oil price war, but long-term challenges persist

Teneo-Europe-Report

● In a week of drawn-out oil production negotiations, Saudi Arabia managed to preserve OPEC+ and seemingly deliver a win to US President Donald Trump. ● Sustained low oil prices will squeeze reform and modernization efforts in Saudi Arabia, but it will not end them. When Saud…   Become a member to read the rest […]

SAUDI ARABIA/RUSSIA: The challenges and limitations of a US-brokered deal

SAUDI ARABIA/RUSSIA: The challenges and limitations of a US-brokered deal | Speevr

● Saudi Arabia’s principal financial problem is a collapse in global oil demand due to the Covid-19 crisis. ● The oil price war that has broken out between Russia and Saudi Arabia exacerbates the effects of diminished prices, but an end to that price war will not by itself res…   Become a member to […]