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John Sfakianakis

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John Sfakianakis

John Sfakianakis latest

Saudi Arabia's aim is to increase the private sector contribution to gross domestic product from 40 percent to 65 percent by 2030. (Shutterstock)
April 26th, 2018 - 07:20 GMT

Saudi Makes Ports, Schools and Hospitals Priorities in Privatization Plan

Saudi Arabia’s ports, hospitals, desalination plants, schools, and even its sports clubs, are among the candidates for early transfer to the private sector in a program that the government hopes will generate up to SR40 billion ($10.6 billion) in revenue over the next two years.
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The growth of the renewable energy sector in Saudi Arabia is an opportunity for job generation. (Shutterstock)
January 17th, 2017 - 11:00 GMT

Saudi Arabia's renewable energy program targets up to $50B investment by 2032

Although a lower deficit in 2016 is encouraging, Saudi Arabia faces a tough task to balance its budget by 2020. (File photo)
December 22nd, 2016 - 07:00 GMT

Saudi Arabia's 2017 budget: More spending cuts expected

Analysts have praised the collaboration, saying that it will lead to economic rationalization and cost effectiveness. (Shutterstock)
April 7th, 2016 - 05:58 GMT

Better together? Saudi oil rivals Aramco and Sabic rumored to be collaborating on joint refinery

Saudi Arabia's finances have been under pressure after its main source of revenue, oil, sank to the lowest level in 11 years. (File photo)
January 3rd, 2016 - 06:56 GMT

Saudi market plans IPO in 2018

Al Bawaba
July 19th, 2015 - 02:27 GMT

Saudi finances weaken as foreign exchange reserves slide


Each institutional fund will now belong to a ministry or other body related to its function, and be chaired by the minister.
March 24th, 2015 - 08:27 GMT

'Positive restructuring': Saudi Arabia reshuffles powers of finance ministry

The general reserve of the government accounts for 60 percent of the total government reserves and deposits, allocations for government projects is 32 percent and government’s current account 8 percent.


March 1st, 2015 - 05:50 GMT

Bad news? Saudi Arabia experiences 21 month slump in reserves, assets

This comes despite the continuing deteriorating price of oil, with Ali Al-Naimi keeping his post as Saudi Arabia’s oil minister under King Salman
February 8th, 2015 - 01:45 GMT

Did the deed: King Salman's 'freebies' boosted economic activity

A tantalizing possibility is that King Salman could now accelerate some economic reforms that have been proceeding only slowly.
January 24th, 2015 - 03:10 GMT

'Fiscal juggling': just how many economic priorities will Saudi Arabia's new King have to focus on?

Al Bawaba
January 17th, 2015 - 04:55 GMT

Coming to terms with reality? Iran lowers oil price for yearly budget to $40

Al Bawaba
December 4th, 2014 - 05:55 GMT

Band-aid solution? Saudi Arabia to tighten 2015 budget after oil crash

What is really alarming is the fact that currently 63 percent of Saudi students are enrolled in majors unsuitable for the needs of the labor market.
September 29th, 2014 - 03:55 GMT

So much for Saudization? Saudis studying misfit majors for the career market

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