Saudi Arabia is the fourth largest state in the Arab world, with a reported population of 32,175,224 as of 2022. 41.6% of inhabitants are immigrants. Saudi Arabia has experienced a population explosion in the last 40 years, and continues to grow at a rate of 1.62% per year.
The economy of Saudi Arabia is the largest in the Middle East and the eighteenth-largest in the world. The Saudi economy is highly reliant on its petroleum sector. Oil accounts on average in recent years for approximately 40% of Saudi GDP and 75% of fiscal revenue, with substantial fluctuations depending on oil prices each year.
The economy of Sudan has boomed on the back of increases in oil production, high oil prices, and large inflows of foreign direct investment until the second half of 2002. GDP growth registered more than 10% per year in 2006 and 2007. From 1997 to date, Sudan has $30.873 billion by gross domestic product as of 2019, and has been working with the International Monetary Fund (IMF) to implement macroeconomic reforms, including a managed float of the exchange rate. Sudan began exporting crude oil in the last quarter of 1999.
The United Arab Emirates is a high-income developing market economy. The UAE's economy is the 2nd largest in the Middle East, with a gross domestic product (GDP) of US$415 billion in 2021-2023.
The economy of Yemen has significantly weakened since the breakout of the Yemeni Civil War and the humanitarian crisis, which has caused instability, escalating hostilities, and flooding in the region. At the time of unification, South Yemen and North Yemen had vastly different but equally struggling underdeveloped economic systems. Since unification, the economy has been forced to sustain the consequences of Yemen's support for Iraq during the 1990–91 Persian Gulf War: Saudi Arabia expelled almost 1 million Yemeni workers, and both Saudi Arabia and Kuwait significantly reduced economic aid to Yemen. The 1994 civil war further drained Yemen's economy. As a consequence, Yemen has relied heavily on aid from multilateral agencies to sustain its economy for the past 24 years. In return, it has pledged to implement significant economic reforms. In 1997 the International Monetary Fund (IMF) approved two programs to increase Yemen's credit significantly: the enhanced structural adjustment facility and the extended funding facility (EFF). In the ensuing years, Yemen's government attempted to implement recommended reforms: reducing the civil service payroll, eliminating diesel and other subsidies, lowering defense spending, introducing a general sales tax, and privatizing state-run industries. However, limited progress led the IMF to suspend funding between 1999 and 2001.
The economy of Bahrain is heavily dependent upon oil and gas. The Bahraini Dinar is the second-highest-valued currency unit in the world. Since the late 20th century, Bahrain has heavily invested in the banking and tourism sectors. The country's capital, Manama is home to many large financial structures. Bahrain's finance industry is very successful. In 2008, Bahrain was named the world's fastest growing financial center by the City of London's Global Financial Centres Index. Bahrain's banking and financial services sector, particularly Islamic banking, have benefited from the regional boom driven by demand for oil. Petroleum is Bahrain's most exported product, accounting for 60% of export receipts, 70% of government revenues, and 11% of GDP. Aluminium is the second most exported product, followed by finance and construction materials.
Saudi Arabia, officially the Kingdom of Saudi Arabia (KSA), is a country in the Middle East. It covers the bulk of the Arabian Peninsula and has a land area of about 2150000 km2, making it the fifth-largest country in Asia and the largest in the Middle East. It is bordered by the Red Sea to the west; Jordan, Iraq, and Kuwait to the north; the Persian Gulf, Qatar and the United Arab Emirates to the east; Oman to the southeast; and Yemen to the south. Bahrain is an island country off its east coast. The Gulf of Aqaba in the northwest separates Saudi Arabia from Egypt and Israel. Saudi Arabia is the only country with a coastline along both the Red Sea and the Persian Gulf, and most of its terrain consists of arid desert, lowland, steppe, and mountains. Saudi Arabia's capital and largest city is Riyadh; the kingdom is also the location of Islam's two holiest cities of Mecca and Medina.
Guaranteed minimum income (GMI), also called minimum income, is a social-welfare system that guarantees all citizens or families an income sufficient to live on, provided that certain eligibility conditions are met, typically: citizenship and that the person in question does not already receive a minimum level of income to live on.
The Arab states of the Persian Gulf or the Arabian Gulf states refers to a group of Arab states bordering the Persian Gulf. There are seven member states of the Arab League in the region: Bahrain, Kuwait, Iraq, Oman, Qatar, Saudi Arabia, and the United Arab Emirates. Yemen is bound to the six countries of the Gulf Cooperation Council, based on history and culture.
The economy of the Middle East is very diverse, with national economies ranging from hydrocarbon-exporting rentiers to centralized socialist economies and free-market economies. The region is best known for oil production and export, which significantly impacts the entire region through the wealth it generates and through labor utilization. In recent years, many of the countries in the region have undertaken efforts to diversify their economies.
Since the 1980s Saudi Arabia has provided foreign assistance to many countries and organizations.
Pakistan and Saudi Arabia established relations in 1947, when Pakistan and India split. Relations have been historically close and friendly, frequently described by analysts as constituting a special relationship. Pakistan has sometimes been dubbed as "Saudi Arabia's closest Muslim and non-Arab ally." Pakistan has, in line with its pan-Islamic ideology, assumed the role of a guardian of Saudi Arabia against any external or internal threat.
The economy of Iran includes a lot of subsidies. Food items, such as flour and cooking oil, are subsidized, along with fuels such as gasoline. However cutting subsidies can cause civil unrest.
The modern history of Saudi Arabia begins with the declaration of the unification of Saudi Arabia in a single kingdom in 1932. This period of time in Saudi Arabia's history includes the discovery of oil in Saudi Arabia and many events. It goes on to encompass Saudi Arabia's brief involvement in World War II in 1945. Afterwards, it includes Saudi Arabia's involvement in the Western Bloc and the Cold War. It also includes Saudi Arabia's proxy conflict with Iran, the Arab Spring, and the ongoing Arab Winter.
The 2010s oil glut was a significant surplus of crude oil that started in 2014–2015 and accelerated in 2016, with multiple causes. They include general oversupply as unconventional US and Canadian tight oil production reached critical volumes, geopolitical rivalries among oil-producing nations, falling demand across commodities markets due to the deceleration of the Chinese economy, and possible restraint of long-term demand as environmental policy promotes fuel efficiency and steers an increasing share of energy consumption away from fossil fuels.
Saudi Vision 2030 is a government program launched by the Kingdom of Saudi Arabia which aims to achieve the goal of increased diversification economically, socially and culturally, in line with the vision of Saudi Crown Prince and Prime Minister Mohammed bin Salman. It was first announced on 25 April 2016 by the Saudi government.
Aisha al-Mana is a Saudi activist and feminist who has participated both in demonstrations against the ban on women driving in Saudi Arabia and in the anti male-guardianship campaign. She also works as director of the Al-Mana General Hospitals and the Mohammad al-Mana College of Health Sciences, and is a board member of Ebrahim M. Almana and Brothers.
Argaam is a Saudi Arabian financial news portal and considered as the primary source to media and public for financial news as it provides real-time updates on financial markets as well as market data and analysis, interviews, and coverage of stocks listed across the region. Argaam has won UAE App & Web Award and is operated by the Argaam Investment Company, which launched the Arabic version in March 2007 and an English variant in April 2015.
The National Transformation Program (NTP) is an economic action plan put in place by the government of Saudi Arabia as part of its Vision 2030 development plan. This plan comes in the framework of the Saudi efforts to diversify its economic income away from the oil industry.
Magda Abu Ras is a Saudi Arabian microbiologist, who is specialises in the treatment of oil-contaminated soils. She is Deputy Director of the Saudi Environmental Society (SENS) and founder of the National Program for Environmental Awareness and Sustainable Development.
