Riyadh Approves National Transformation Plan

• Thursday, 9th June 2016
• by Egypt Oil & Gas

Saudi Arabia’s National Transformation Plan (NTP), which outlines the key elements to shift the kingdom’s economy away from its dependence on oil, was approved by the Saudi cabinet.

Riyadh Cuts Energy, Construction Contracts Spending

• Wednesday, 16th March 2016
• by Egypt Oil & Gas

Saudi Arabia has ordered its ministries to reduce spending on contracts included in the 2016 state budget by at least 5 % to outbalance Kingdom's declined revenues over global oil prices drop.