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What’s behind Saudi Arabia’s success?

Published

1 year ago

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The Kingdom is one of the fastest-growing economies in the world

 
Did you know Saudi Arabia is one of the world’s fastest growing economies?

According to the Kingdom, GDP rose by 8.7 per cent in 2022, faster than any other G7 or G20 countries.

So what’s behind all of this financial success?

Oil and gas still reign supreme, with Saudi Aramco raking in $48.4 billion for the second quarter of 2022 – up a staggering 90 per cent from the year before.

Saudi Arabia is benefiting from an unstable global economy and tight supply is keeping prices high.

Former World Bank Consultant and CEO of Empower Capital, Andrea Zanon, joined to discuss.

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Why the meme-stock frenzy is unlikely to repeat

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5 days ago

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May 14, 2024

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GME shares surge 74%, but experts stress a meme-stock frenzy resurgence is unlikely due to fundamental differences in the company’s financial situation.

Australia’s budget unveils a second consecutive surplus of A$9.3 billion, prioritising the critical minerals industry and green energy initiatives to reduce reliance on Chinese supply.

Also, GameStop shares have surged 74%, but experts caution against expecting a repeat of the 2021 meme-stock frenzy. #featured #trending

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Why are airlines after the Biden Administration?

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5 days ago

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May 14, 2024

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Major airlines are taking legal action against the Biden administration over a newly implemented rule requiring them to disclose fees upfront.

On this episode of Hot Shots – Major airlines are suing the Biden Administration, AI-piloted fighter jets, SpaceX faces funding challenges, and Apple receives crushing feedback.

Ticker’s Ahron Young & Veronica Dudo discuss. #featured #trending

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The mounting pressure on Government spends

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6 days ago

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May 13, 2024

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Questions abound regarding the factors fueling this inflation surge in Australia and whether it correlates with the escalating government expenditures.

Concerns extend to how Chalmers navigates the mounting pressure amid discrepancies in spending allocations.

Moreover, as Australians grapple with the reality of rising living costs, the feasibility of cutting spending becomes a pressing issue. Additionally, amidst economic uncertainties, individuals seek guidance on managing stock market risks effectively. #Featured #Trending

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