The visit to Saudi Arabia by Donald J. Trump, and the series of mega deals signed, brings to mind the adage of another American president, Calvin Coolidge: The business of America is business. However, the result of the deals between Riyadh and Washington demonstrates that the business of America is Saudi Arabia and the business […]
Bond sale is another sign of a stronger Saudi economy
Saudi Arabia’s economy is going from strength to strength. In just six months, the Kingdom has managed to raise nearly SR100 billion ($26.5 billion) in international bonds. Last week, it raised its first dollar-denominated sukuk for $9 billion. It was more than three times oversubscribed at a time when markets in Europe were gearing up […]
Saudi support key to Jordans economic recovery
One cannot visit Jordan without hearing the latest mutterings about austerity measures. Jordan’s prime minister recently appeared on national TV, announcing a cut in public salaries and setting a salary ceiling. This was not news to the visiting Saudi monarch, King Salman, and his delegation, given the Kingdom not too long ago embarked on similar […]