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, in a broad bid to shape the Kingdom...

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, informed Reuters. ...