Abstract The first will talk about the economy of Saudi Arabia. It is known that various macroeconomic factors can contribute in the progress of an economy. Inflation is one such factor. The assignment will discuss the effect of inflation on the economy of Saudi Arabia…
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The economy of the country of Saudi Arabia is oil based with active government intervention in major economic activities. The country ranks on the top in exports of petroleum products and plays an active role in OPEC. The petroleum sector of the economy accounts for 45% of the total revenues. Currently the government is engaged in encouraging the growth of the private sector within the economy as they believe such strategies will reduce the dependence on oil. The growth the private sector will also create employment opportunities. It has permitted investments in the telecommunication and the power sectors. In an effort to diversify the economy, the country acceded to the WTO in 2005. Focus was given to form a regulated market and the Saudi Arabia Monetary Agency (SAMA) emerged in 1984 after the government passed an instruction. The Capital market authority took over the responsibilities of the agency after its formation in 2003. November 26 marked the day when the first corporate governance code was implemented. The sections provide provisions like preliminary level, board of directors, lucidity and disclosure, shareholders authority and the provisions for the general assembly and the closing provisions. Some of the experts opine to measure corporate governance using the Gompers and Metric. ...
Considering the resource endowment of the country it was a logical decision to increase the development of oil and gas resource through downstream investments in refineries. Three factors influenced the decision. The investments were mostly capital intensive which was just appropriate for the small population of the country with enormous reserves of oil. It would have been possible to generate value added income which would maximise the revenues of the country through the export of refined petroleum as well as crude oil. The natural gas which would have been wasted can also be utilised and processed. Inflation The budget impacts on the growth of the economy and allocation or redistribution of resources. The difference between budgetary spending and revenues is defined as the budget deficit. Budget deficit contribute in the level of national debt. A variety of problems can result because of budget deficit. Lower national savings rate, higher rates of interest and inflation are some of them. It is possible to treat inflation as the continuous or sustained rise in the level of prices. A situation marked by inflation is witnessed by continuous reduction in the value of money. The transformation of the general level of prices is a common situation of inflation. In a situation characterised by inflation, the period of the rise in prices continues for a year, week or month. Some of the factors that lead to inflation are rise in the costs of imported materials, the costs of labour to rise and the high rate of indirect tax from the part of the government. In cases where the rise in the general price level is caused by increase in the level of wages as well as raw materials are regarded as cost push inflation. With rises in the costs of production the firms tend to
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(“Inflation in Saudi Arabia Essay Example | Topics and Well Written Essays - 4750 words”, n.d.)
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(Inflation in Saudi Arabia Essay Example | Topics and Well Written Essays - 4750 Words)
“Inflation in Saudi Arabia Essay Example | Topics and Well Written Essays - 4750 Words”, n.d. https://studentshare.org/macro-microeconomics/1403183-inflation-in-saudi-arabia.
The market of Saudi Arabia was analyzed on the basis of the secondary data. A thorough research was done by consulting various journals, books, newspaper and various governmental and nongovernmental websites to have an in-depth knowledge.
1.2 Scope Once the hospital becomes functional, it will be a healthy addition for the patients of Saudi Arabia. The scope does not include huge profits that would become a burden for Saudis. But even by simply following policies of Saudi Government, this health care facility will prove to be a great investment as patients with almost all kinds of diseases will get their treatment at the facility.
The rising demands of the new automobiles are underpinned by economic growth and fluctuating oil prices. The fall in inflation has supported the increased demand. The political stability in Saudi Arabia has been cited as a positive factor to the growth of the automobile sector.
According to the author, the economic variables that are commonly stationary not in levels but in the initial distinctions; this usually calls for the application of the Augmented- Dickey Fuller test which offers the assurance that the likelihood organization of the variables are steady for consequential regression expression.
Her working hours are quite long, running from noon to well after midnight, sometimes as late as 3 and 4 a.m. She does not have any particular job description but is basically required to perform whatever task her employers request of her. This includes house-cleaning, washing, ironing, helping her mistress get dressed and preparing and serving snacks.
In the first part of the paper, the term inflation is defined, its causes are discussed, its measurement techniques and how one combat with it are also discussed. In the second part of the paper, we have moved towards the more realistic approach. The data is extracted from the various reports and researches and it is refined through tools such econometric regression to determine the correlation between the two variables, that are inflation and money supply.
The Kingdom of Saudi Arabia is located in a vital maritime location facing the Arabian Gulf and the Red Sea. The Kingdom has approximately 2100 km of coastal beaches attracting tourists seeking a little fun in the sun. These beaches, characterized by a vast variety of marine life, also bring a great deal of benefit to the kingdom’s fishery industry.
The country is spread on an area of 2.15 M sq km and according to the official figures published by the Saudi government in the year 1999; the population is roughly 14 million with roughly 12.3 million people belonging to the indigenous
The emission of greenhouse gases in this process has led to global warming. Global warming caused by emission of carbon dioxide from using fossil fuels increases the temperature on the earth. This continuing trend over period will not only alter the weather patterns