Category: ECONOMY

Heritage’s unfair ranking

The 2013 Index of Economic Freedom by the Heritage Foundation ignores the fact that public sector is essential during the struggling times, as demonstrated by the European sovereign debt crisis.

Expanding the private sector

Government’s readiness to increase its spending and financial support for the SME sector will enable the private sector to play a bigger role in driving economic growth and creating jobs.

Transforming the Primary Sector

During 2010-11 the government has invested over $360mn towards modern systems of irrigation, directed at changing patterns and methods of traditional farming, introducing greenhouses and other new farming technologies with a view to increasing yields.

Mighty Saudi Economy

With an extraordinary 28 per cent GDP growth in 2011, Saudi Arabia alone accounts for 45 per cent of the GDP of all the GCC countries put together.