Home to an estimated 15.9% of the worldas proven oil reserves, Saudi Arabia is the single largest economy in the Middle East and North Africa. According to the Ministry of Finance, real GDP grew by 3.8% to $746bn in 2013. While oil income is expected to continue to account for the majority of government revenues for the foreseeable future, the non-oil sector has expanded significantly in recent decades growing 9.3% in 2013. Indeed, while some Western countries may be seeing a return to cautious optimism and leading emerging economies are weighing the potential impact on capital flows of tapering in the US Federal Reserveas quantitative easing programme, Saudi Arabia is seeing sustained growth buoyed by high global oil prices and internal investment in its own infrastructure. Some 15 years after Saudi Arabia attended the inaugural meeting of G20 countries, its key economic indicators make it the envy of many other member states. Given the size of Saudi economy within the regional and indeed global market, OBG looks in depth at bilateral trade between ASEAN nations and the GCC.The Implementing Regulations of the Cooperative Insurance Companies Control Law oblige insurance companies to settle customersa#39; claims within 15 days. ... the appropriate means to develop the sector, working on Saudiisation of jobs, and raising the efficiency of its employees. ... the sectors supervised by SAMA, to look into their complaints and to improve the levels of customer service dispensed by anbsp;...
|Title||:||The Report: Saudi Arabia 2014|
|Author||:||Oxford Business Group|