From time to time, Jadwa’s research team also publish in-depth reports on select themes.
Saudi Arabia’s current account returned another surplus in Q1-23, albeit one less than half the size of the Q1-22 surplus. A 15 percent year-on-year downturn in oil earnings combined with a 24 percent surge in import spending saw the surplus decline to $17.7 billion, down from almost $40 billion a year earlier.
The Kingdom’s approach to dealing with the Covid-19 pandemic can be held up as an effective model to the world. This relates not only to the initial swift lockdown of the country when news of the pandemic became known, but also around disease analysis, virus tracking and in the roll-out of the vaccination programme.
The role of small and medium enterprises (SMEs) is continuously mentioned as an important pillar in both developing and developed economies, as a vital way to spur economic growth and job creation.
The inclusion of Saudi Stock Exchange (Tadawul) into the MSCI EM as well as improved investor sentiment related to higher oil prices were some of the macro-level factors behind Tadawul All Share Indexs (TASI) 7 percent rise in Q2 2018.
Middle East Specialized Cables (MESC) is primarily a producer of custom made cables targeting the industrial sector. In recent years the company has diversified into the production of low and medium voltage cables to benefit from the construction boom and open up new export markets.