The document discusses Saudi Arabia's fiscal policy and role in finance and investment. It notes Saudi Arabia's stable political system, predictable economic policies, and well-supervised financial sector provide an attractive business environment. It also discusses Saudi Arabia's systemic role in ensuring global energy market stability and framing sustainable global growth policies. Government spending focuses on infrastructure, human capital, and health. Fiscal policy aims to promote non-oil growth through various financing institutions that support private sector development.
Dream Intake for University Stellenbosch.
“Welcome to the Maties intake of 2014. This is the biggest and strongest intake of academic performance ever for students at the University.”
Approximately 5000 new Maties arrived in Stellenbosch last week to start their studies at the University of Stellenbosch. Students arrived from all over South Africa with their parents at their residences or private wards ready to make Stellenbosch their new home.
New students participated in a “Dream Launch” at Coetzenburg where they were asked to write down their dreams and give it flight by releasing their balloons into the air.
The University’s Welcoming Programme started with the official welcoming event at the Danie Craven Stadium at Coetzenburg during which the Rector, Prof Russel Botman, welcomed first-year students and their parents.
According to Prof Botman the University recently received confirmation that Stellenbosch is the best in the country in terms of student success rate. The latest information is that 84.9% of students passed their modules - the best they have ever done and higher than anywhere in the country.
MAD² activities - As part of the welcoming programme students will participate in the MAD² Programme. (Making A Decision 2 Make A Difference). The programme includes various events to raise funds for Maties Community Service including the Bondelsport, Vensters Street Theatre and the Colour Festival.
The welcoming week ends Saturday, 1 February and classes will start on Monday, 3 February.
Walk where Mandela walked !, This holiday season suddenly came to a halt with the sad news that former president Nelson Mandela passed away on 5 December 2013. Madiba touched the hearts of so many people around the world including world leaders, celebrities, but mostly the man in the street.
With Mandela’s passing, people from around the world undoubtedly would like to pay their respects to him by visiting the sites where he made history. We are very fortunate as residents of the Western Cape to be surrounded by so many landmarks to honour Nelson Mandela. Here is a list of landmarks in the Western Cape to visit this festive season and pay tribute to him by leaving a message or memento.
Robben Island - Nelson Mandela spent 18 years as a political prisoner on Robben Island. This prison was later converted into a museum and also is a UNESCO World Heritage Site.
Mandela House Museum - Mandela spend his final months of imprisonment before his release in 1990 at Groot Drakenstein correctional facility, previously called Victor Verster Prison, Paarl. A bronze statue of Mandela outside the prison gates symbolize his first steps to freedom.
Cape Town City Hall - On February 11, 1990, hours after his release from prison, Nelson Mandela made his first public speech from the balcony of the Cape Town City Hall, located on the Grand Parade.
Houses of Parliament - In 1994 Nelson Mandela become president after South Africa’s first democratic elections. Mandela acted as President from 1994 to 1999 presiding over Parliament and the laws that serve as the framework of this country’s democracy were passed during this time.
Nobel Square - Nobel Square pays respect to the four South African Nobel Peace prize winners, Nelson Mandela, Albert Lithuli, Desmond Tutu, and FW de Klerk. Nelson Mandela was awarded the Nobel Peace Prize in 1993, along with FW de Klerk, for his work toward democracy and reconciliation.
Nelson Mandela Legacy Exhibition at Civic Centre - The “Cape Town Honours Nelson Mandela” exhibition features a series of images, quotes and video footage of iconic speeches from the life and political career of Mr Mandela. The exhibit opened 30 June 2013 and runs until July 2014.
Mandela Rhodes Place - The Mandela Rhodes Place Hotel & Spa offers visitors a timeline, which records the life of Mandela in 14 distinct sections highlighted across the walls of one of the hotel’s entrance corridors. An innovative mosaic abstract portrait of Nelson Mandela is also on display in the atrium of the hotel.
A visit to one of these monuments, statues, museums or landmarks will celebrate Nelson Mandela’s legacy! Rest in Peace Madiba!
Dream Intake for University Stellenbosch.
“Welcome to the Maties intake of 2014. This is the biggest and strongest intake of academic performance ever for students at the University.”
Approximately 5000 new Maties arrived in Stellenbosch last week to start their studies at the University of Stellenbosch. Students arrived from all over South Africa with their parents at their residences or private wards ready to make Stellenbosch their new home.
New students participated in a “Dream Launch” at Coetzenburg where they were asked to write down their dreams and give it flight by releasing their balloons into the air.
The University’s Welcoming Programme started with the official welcoming event at the Danie Craven Stadium at Coetzenburg during which the Rector, Prof Russel Botman, welcomed first-year students and their parents.
According to Prof Botman the University recently received confirmation that Stellenbosch is the best in the country in terms of student success rate. The latest information is that 84.9% of students passed their modules - the best they have ever done and higher than anywhere in the country.
MAD² activities - As part of the welcoming programme students will participate in the MAD² Programme. (Making A Decision 2 Make A Difference). The programme includes various events to raise funds for Maties Community Service including the Bondelsport, Vensters Street Theatre and the Colour Festival.
The welcoming week ends Saturday, 1 February and classes will start on Monday, 3 February.
Walk where Mandela walked !, This holiday season suddenly came to a halt with the sad news that former president Nelson Mandela passed away on 5 December 2013. Madiba touched the hearts of so many people around the world including world leaders, celebrities, but mostly the man in the street.
With Mandela’s passing, people from around the world undoubtedly would like to pay their respects to him by visiting the sites where he made history. We are very fortunate as residents of the Western Cape to be surrounded by so many landmarks to honour Nelson Mandela. Here is a list of landmarks in the Western Cape to visit this festive season and pay tribute to him by leaving a message or memento.
Robben Island - Nelson Mandela spent 18 years as a political prisoner on Robben Island. This prison was later converted into a museum and also is a UNESCO World Heritage Site.
Mandela House Museum - Mandela spend his final months of imprisonment before his release in 1990 at Groot Drakenstein correctional facility, previously called Victor Verster Prison, Paarl. A bronze statue of Mandela outside the prison gates symbolize his first steps to freedom.
Cape Town City Hall - On February 11, 1990, hours after his release from prison, Nelson Mandela made his first public speech from the balcony of the Cape Town City Hall, located on the Grand Parade.
Houses of Parliament - In 1994 Nelson Mandela become president after South Africa’s first democratic elections. Mandela acted as President from 1994 to 1999 presiding over Parliament and the laws that serve as the framework of this country’s democracy were passed during this time.
Nobel Square - Nobel Square pays respect to the four South African Nobel Peace prize winners, Nelson Mandela, Albert Lithuli, Desmond Tutu, and FW de Klerk. Nelson Mandela was awarded the Nobel Peace Prize in 1993, along with FW de Klerk, for his work toward democracy and reconciliation.
Nelson Mandela Legacy Exhibition at Civic Centre - The “Cape Town Honours Nelson Mandela” exhibition features a series of images, quotes and video footage of iconic speeches from the life and political career of Mr Mandela. The exhibit opened 30 June 2013 and runs until July 2014.
Mandela Rhodes Place - The Mandela Rhodes Place Hotel & Spa offers visitors a timeline, which records the life of Mandela in 14 distinct sections highlighted across the walls of one of the hotel’s entrance corridors. An innovative mosaic abstract portrait of Nelson Mandela is also on display in the atrium of the hotel.
A visit to one of these monuments, statues, museums or landmarks will celebrate Nelson Mandela’s legacy! Rest in Peace Madiba!
2011 and 2012 are two years of uneven recovery. What would the future hold for Project finance in MENA and EMEA remains largely an open question. Is there a war for capital? may be with caution. The presentation focuses on current PF market, explains the past and highlights some of the issues that will be encountered in the near future. Has the PPP model of long term loans secured by income stream from underlying assets been broken? The answer is a likely YES. Are there alternatives, the answer is a Definite YES.
The file highlights the importance of the macro-economics related to a country's budget. Lot of guidance has been taken from www.mrunal.org where the concepts have been very lucidly explained.
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What is the TDS Return Filing Due Date for FY 2024-25.pdfseoforlegalpillers
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Remote sensing and monitoring are changing the mining industry for the better. These are providing innovative solutions to long-standing challenges. Those related to exploration, extraction, and overall environmental management by mining technology companies Odisha. These technologies make use of satellite imaging, aerial photography and sensors to collect data that might be inaccessible or from hazardous locations. With the use of this technology, mining operations are becoming increasingly efficient. Let us gain more insight into the key aspects associated with remote sensing and monitoring when it comes to mining.
Cracking the Workplace Discipline Code Main.pptxWorkforce Group
Cultivating and maintaining discipline within teams is a critical differentiator for successful organisations.
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Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
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Alkholifey
1. Finance and Investment in Saudi
Arabia: The Role of Fiscal Policy
1
AHMED A. ALKHOLIFEY
EXECUTIVE DIRECTOR FOR SAUDI ARABIA AT THE
INTERNATIONAL MONETARY FUND
2. Stability
2
Stable Political System.
Predictable Economic Policies:
Consistent, credible, and clear policy messages.
Well-Supervised Financial Sector:
Well capitalized and highly profitable banking sector.
Attractive Business Environment.
3. Global Role
3
Systemic Role of Saudi Arabia:
Positive spillover effects of policies pursued by Saudi Arabia
2005-2009 2009 2010
Imports (% of GDP) 20.0 23.0 21.6
Remittances (bln. SR) 340.7 94.4 98.2
Ensuring sustainable supply and stability of energy markets.
The G20:
Framing the new path for strong, sustainable, and balanced
growth.
4. Growth
4
Real GDP*
2009 2010 2011
Saudi Arabia 0.1 4.1 6.5
World Output -0.7 5.1 4.0
Advanced Economies -3.7 3.1 1.6
Emerging and
2.8 7.3 6.4
Developing Economies
*IMF World Economic Outlook, Oct 2011
Non-Oil GDP
2005-2009 2010 2011
Saudi Arabia 4.6 4.9 5.4
GCC 3.6 4.5 5.3
5. 5
Government Hydrocarbon Revenue and Total
Expenditure, 1980–2010
(In U.S. dollar billions)
Fiscal Policy
Hydrocarbon Revenue
Consistent & countercyclical
Government Expenditure
Priorities:
Investment in infrastructure.
Investment in human capital
Competitiveness:
Enhancing productivity of
physical and human capital
6. Government Spending
6
2011 Appropriations* for the main Government expenditures (Billion SR)
development sectors
Specialized
Credit
Institutions 580*
13%
Water, Agr
Education
iculture, an
and
d
Training
Infrastructure
41% 346
14%
Transport
& Telecom
7%
Health and
social
Affairs
19%
Municipalities
6%
*Projections *Projections
7. Promotion of Finance
7
•finances large scale government and
Total loans and share of SCIs
PIF (1971): private projects during 2006-2010
117.5 (bil SR)
REDF (1974): •finances real estate sector
SIDF (1974): •finances industrial projects
•provides interest-free loans for small
SCB (1971): and emerging businesses and 37.8%
professions
18.7%
•finances farmers and agricultural 19.9% 20.9%
ADF (1962): projects 2.2%
Direct Loan •Extends credit to private sector entities
Program for the purposes of establishing ADF
SCB
PIF
(1971): development projects. (SR 7.0 Billion) SIDF
REDF
yr total
8. Conclusion
8
Attractive business environment:
Promising growth potentials
Low tax rate (max. 20%) and business friendly tax
administration.
Large economic size
Supportive economic policy including good finance terms
