Business optimism index for Saudi Arabia released

Business optimism index for Saudi Arabia releasedA 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.

 



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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...

Business optimism index for Saudi Arabia releasedA 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.

 



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

$
Personal Info

Donation Total: $10.00

 

 

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