Mohammed al-Hamidi

Mohammed al-Hamidi
Business Saudi Arabia Sees Leap in Venture Capital Investment amid Pandemic

Saudi Arabia Sees Leap in Venture Capital Investment amid Pandemic

Saudi Arabia has reported a 42 percent leap in investment with venture capital in emerging projects during Q1 2020, experts in sector revealed. They…

Mohammed al-Hamidi (Riyadh)
Business Saudi Financing Initiatives Seek to Earmark 20% of Lending Program to SMEs

Saudi Financing Initiatives Seek to Earmark 20% of Lending Program to SMEs

Saudi Arabia’s development funds have announced measures to support government initiatives to alleviate the economic impact of the coronavirus pandemic, with…

Mohammed al-Hamidi (Riyadh)
Business Investment Requests in Saudi Industries Exceed $13 Billion

Investment Requests in Saudi Industries Exceed $13 Billion

Official information revealed on Monday that requests for investment in Saudi basic and manufacturing industries in the cities of Jubail and Yanbu amounted to…

Mohammed al-Hamidi (Riyadh)
Business Saudi Arabia Raises Government Spending to $60 Billion in Q1 2020

Saudi Arabia Raises Government Spending to $60 Billion in Q1 2020

Saudi Arabia revealed that government spending for Q1 2020 has increased to $60 billion with total revenue standing at $51 billion, leaving a $9 billion…

Mohammed al-Hamidi (Riyadh)
Business Saudi Government Releases Plan to Reopen Economy

Saudi Government Releases Plan to Reopen Economy

Saudi Arabia on Thursday rolled out a six-point post-coronavirus economic plan that promises reopening the economy and the gradual return of business sectors…

Mohammed al-Hamidi (Riyadh)
Gulf 300 Saudi Factories Work in Full Capacity Despite Virus Crisis

300 Saudi Factories Work in Full Capacity Despite Virus Crisis

The Saudi Authority for Industrial Cities and Technology Zones (MODON) revealed that over 300 factories specialized in food and health products are working in…

Mohammed al-Hamidi (Riyadh)
Business Saudi Foreign Reserves Cover Imports For Four Years

Saudi Foreign Reserves Cover Imports For Four Years

An economic report said the current indicators have stressed the cohesion of the Kingdom’s national economy, amid the unprecedented challenges afflicting the…

Mohammed al-Hamidi (Riyadh)
Business KAPSARC: Disruption Too Big for OPEC to Rebalance Market Alone

KAPSARC: Disruption Too Big for OPEC to Rebalance Market Alone

The King Abdullah Petroleum Studies and Research Center (KAPSARC) revealed that the global oil market is going through an extraordinary period, which requires…

Mohammed al-Hamidi (Riyadh)