Saudi Arabia is the only G20 country that has responded to the coronavirus outbreak by cutting government spending
bloomberg.com/news/articles/…
Matthew Martin
2,534 posts
Matthew Martin
@MattMartin128
Saudi Arabia bureau chief and SWFs @semafor. Opinions my own. Pls send tips to: signal: @mmartin.48 Telegram: @MatthewMartin [email protected]
- 🧵We recently took a drive 200km west of Riyadh to see how plans to exploit Saudi Arabia's promised $1.3 trillion of minerals buried in the desert are progressing. Here's a thread on what we found:
- Saudi Arabia's push to get expatriates to ditch Dubai is off to a rocky start. Housing shortages and alcohol bans aren't helping bloomberg.com/news/articles/… via @economics @samdagher
- Saudi Arabia outlined an overhaul of the education system, with a focus on: - ``values of moderation and tolerance'' - educating people for jobs - boosting the global rankings of its universities - getting more kids into kindergarten
- Saudi Arabia is open to discussions about trade in currencies other than the US dollar, according to the kingdom’s finance minister bloomberg.com/news/articles/… via @markets @AbeerAO1 @ManusCranny
- Saudi Aramco’s earnings soared as oil prices and production climbed, helping the company once again become the world's most profitable firm bloomberg.com/news/articles/… via @business
- Saudi Aramco, the world’s biggest oil producer, said 3Q profit dropped 45% and debt levels rose, but it's sticking with plans to payout $75b in dividends, mostly to the Saudi government bloomberg.com/news/articles/… via @markets
- Just toured the Jeddah site hit by Houthi missile yesterday morning. The damage appears fairly light and the fire was put out quickly, showing how quickly aramco can respond to these attacks. But still a sign that the Houthis can mount attacks deep inside Saudi Arabia
- As Saudi Arabia plows billions into infrastructure and investments, Larry Fink is out to make sure that money management giant BlackRock gets a share bloomberg.com/news/articles/… via @markets @loukia_g @sabrush @DNair5
- Saudi Arabia’s non-oil economy grows at the fastest pace in more than a year, helping the kingdom record the fastest overall growth among major global economies bloomberg.com/news/articles/… via @markets @AbeerAO1
- “Donald Trump has got to go...” protesters chant at the front lines of the march through London #TrumpUKVisit #TicTocNews
00:00 - "We need to see reforms.” Saudi Arabia signals a shift in how it provides financial help to countries, making future aid conditional on promises to revamp their economies bloomberg.com/news/articles/… via @bpolitics @AbeerAO1
- Saudi Arabia’s Finance Ministry seems to think that oil prices will stay around $50 a barrel for at least the next three years bloomberg.com/news/articles/… via @markets @AbeerAO1
