Business optimism index for Saudi Arabia released

Reading Time: 1 minute

A new survey just released by Saudi Arabia’s National Commercial Bank (NCB) and international business information agency Dun and Bradstreet, shows that the business mood in the Kingdom is at an all time high.  The Business Optimism Index takes the temperature of investors and businesspeople in many different industries, but they all show a marked increase from previous surveys.

High oil prices and increased public spending are mainly the cause of such positive feedback.  The king of SA recently announced $130 billion in public expenditures, including unemployment benefits, public housing, job creation, and homeowner benefits for residents.  Rising oil demand and a robust economy also contribute to the optimistic outlook of the country’s investors and residents.  55% of respondents said they can’t even think of any negative factors that will impact growth in the next quarter.

 

Do you like this post?
  • Fascinated
  • Happy
  • Sad
  • Angry
  • Bored
  • Afraid

Reading Time: 1 minute

A new survey just released by Saudi Arabia’s National Commercial Bank (NCB) and international business information agency Dun and Bradstreet, shows that the business mood in the Kingdom is at an all time high.  The Business Optimism Index takes the temperature of investors and businesspeople in many different industries, but they all show a marked increase from previous surveys.

Reading Time: 1 minute

A new survey just released by Saudi Arabia’s National Commercial Bank (NCB) and international business information agency Dun and Bradstreet, shows that the business mood in the Kingdom is at an all time high.  The Business Optimism Index takes the temperature of investors and businesspeople in many different industries, but they all show a marked increase from previous surveys.

High oil prices and increased public spending are mainly the cause of such positive feedback.  The king of SA recently announced $130 billion in public expenditures, including unemployment benefits, public housing, job creation, and homeowner benefits for residents.  Rising oil demand and a robust economy also contribute to the optimistic outlook of the country’s investors and residents.  55% of respondents said they can’t even think of any negative factors that will impact growth in the next quarter.

 

Do you like this post?
  • Fascinated
  • Happy
  • Sad
  • Angry
  • Bored
  • Afraid