Saudi Arabia Economy

Saudi Arabia Economy

Subchapters: Basic data Public finances and the state budget Banking system Tax system Basic data As a result of the COVID-19 pandemic, but especially low oil prices, VAT fell by 4.1% year-on-year in 2020, but in 2021 the trend reversed and GDP grew by an average of 3.2%. The forecast for the next few years […]

Saudi Arabia Resorts

Saudi Arabia Resorts and Attractions

Saudi Arabia (the country of two mosques) is a state on the Arabian Peninsula, stretching from the Red Sea to the Persian Gulf. Common borders in the north – with Jordan, Iraq, Kuwait, in the east – with Qatar, the United Arab Emirates, in the southeast – with Oman, in the south – with Yemen. […]

Saudi Arabia History

Saudi Arabia History

The original nucleus of the state is the Wahhabi emirate of Neged, in central Arabia. Hence its ruler Ibn Sa‛ūd moved in 1924-25 to conquer the Hegiaz, where he replaced the Hashimite dynasty of Mecca. The new Saudi dominion, which from 1932 took its current name, aimed at expansion also with arms (war of 1934 […]

Saudi Arabia Culture

Saudi Arabia State Overview

Saudi Arabia. Officially named the Kingdom of Saudi Arabia, it is a country on the Arabian Peninsula. It is also known as The Land of the Two Holy Mosques, in reference to those of Mecca and Medina, the two holiest places in Islam. Saudi Arabia has the second largest oil reserves on the planet, after Venezuela, […]