{"id":169393,"date":"2025-12-05T10:56:07","date_gmt":"2025-12-05T10:56:07","guid":{"rendered":"https:\/\/www.newsbeep.com\/il\/169393\/"},"modified":"2025-12-05T10:56:07","modified_gmt":"2025-12-05T10:56:07","slug":"imf-welcomes-recalibration-of-saudi-arabia-vision-2030-spending","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/il\/169393\/","title":{"rendered":"IMF welcomes recalibration of Saudi Arabia Vision 2030 spending"},"content":{"rendered":"

The International Monetary Fund on Thursday welcomed Saudi Arabia<\/a> recalibrating its Vision 2030 spending as the kingdom seeks to narrow its fiscal deficit.<\/p>\n

Saudi Arabia’s Ministry of Finance this week unveiled the budget for next year. In it, the ministry projects Saudi Arabia’s fiscal deficit will narrow to 165.4 billion riyals ($44 billion) in 2026 \u2013 or 3.3 per cent of its gross domestic product \u2013 from 245 billion riyals in 2025.<\/p>\n

Public revenue is estimated at 1.147 trillion riyals. Saudi Finance Minister Mohammed Al Jadaan at the time said the deficit was \u201cby design\u201d, explaining the kingdom will have a deficit until 2028, media reported.<\/p>\n

The ministry said it remains focused on enhancing spending efficiency and improving quality of essential services while also continuing to implement gigaprojects<\/a> and other strategies under Vision 2030.<\/p>\n

Mr Al Jadaan said the kingdom would be willing to scale back on some of the gigaprojects. <\/p>\n

\u201cIf we announce something and we need to adjust it, accelerate it and make it a priority more than others, or defer or cancel it, we will without blinking,\u201d he said.<\/p>\n

A representative for the IMF said it welcomes \u201cthe recalibration of Saudi Arabia’s fiscal expenditures\u201d.<\/p>\n

\u201cThis will help ensure \u2026 a proper sequence of spending while maintaining fiscal and external sustainability,\u201d Julie Kozack said.<\/p>\n

She added it was also important that any fiscal policy avoid \u201cpro-cyclicality\u201d \u2013 meaning the kingdom’s fiscal policy plays a buffering role rather than an amplifying one. \u201cPart of that is to avoid magnifying the impact of lower oil prices on growth,\u201d she said.<\/p>\n

The fund currently projects Saudi Arabia’s economy<\/a> \u2013 the largest in the Arab world \u2013 to grow at a 4 per cent pace next year, driven by higher oil production and strong domestic demand linked to the kingdom’s reforms.<\/p>\n

Saudi Arabia’s 2026 budget made no specific mention of gigaprojects like Neom, a project long at the heart of the Vision 2030. Mr Al Jadaan said any potential cancellation of the futuristic city will be up to the decision of the Public Investment Fund (PIF), which is leading Saudi Arabia’s diversification efforts, Bloomberg reported.<\/p>\n

The PIF is expected to announced its updated investment strategy early next year. PIF governor Yasir Al Rumayyan previewed this new strategy in September, saying the new long-term strategy will be a continuation from the original that stretches into 2040.<\/p>\n

Mr Al Rumayyan also said at the time that Saudi Arabia is seeking to secure foreign investment as PIF deploys 80 per cent of its capital domestically.<\/p>\n

Results<\/p>\n

6.30pm: Mazrat Al Ruwayah \u2013 Group 2 (PA) $36,000 (Dirt) 1,600m, Winner: RB Money To Burn, Tadhg O\u2019Shea (jockey), Eric Lemartinel (trainer)<\/p>\n

7.05pm: Handicap (TB) $68,000 (Turf) 2,410m, Winner: Star Safari, William Buick, Charlie Appleby<\/p>\n

7.40pm: Meydan Trophy \u2013 Conditions (TB) $50,000 (T) 1,900m, Winner: Secret Protector, William Buick, Charlie Appleby<\/p>\n

8.15pm: Al Maktoum Challenge Round 2 – Group 2 (TB) $293,000 (D) 1,900m, Winner: Salute The Soldier, Adrie de Vries, Fawzi Nass<\/p>\n

8.50pm: Al Rashidiya \u2013 Group 2 (TB) $163,000 (T) 1,800m, Winner: Zakouski, William Buick, Charlie Appleby<\/p>\n

9.25pm: Handicap (TB) $65,000 (T) 1,000m, Winner: Motafaawit, Sam Hitchcock, Doug Watson<\/p>\n

Blonde<\/p>\n

%3Cp%3E%3Cstrong%3EDirector%3A%20%3C%2Fstrong%3EAndrew%20Dominik%3Cbr%3E%3Cstrong%3EStars%3A%20%3C%2Fstrong%3EAna%20de%20Armas%2C%20Adrien%20Brody%2C%20Bobby%20Cannavale%3Cbr%3E%3Cstrong%3ERating%3A%20%3C%2Fstrong%3E3%2F5%3Cbr%3E%3C%2Fp%3E%0A<\/p>\n

Cinco in numbersDh3.7 million<\/p>\n

The estimated cost of Victoria Swarovski\u2019s gem-encrusted Michael Cinco wedding gown<\/p>\n

46<\/p>\n

The number, in kilograms, that Swarovski\u2019s wedding gown weighed.<\/p>\n

1,000<\/p>\n

The hours it took to create Cinco\u2019s vermillion petal gown, as seen in his atelier [note, is the one he\u2019s playing with in the corner of a room]<\/p>\n

50<\/p>\n

How many looks Cinco has created in a new collection to celebrate Ballet Philippines\u2019 50th birthday<\/p>\n

3,000<\/p>\n

The hours needed to create the butterfly gown worn by Aishwarya Rai to the 2018 Cannes Film Festival.<\/p>\n

1.1 million<\/p>\n

The number of followers that Michael Cinco\u2019s Instagram account has garnered.<\/p>\n

The past winners<\/p>\n

2009 – Sebastian Vettel\u00a0(Red Bull)<\/p>\n

2010\u00a0– Sebastian Vettel\u00a0(Red Bull)<\/p>\n

2011 – Lewis Hamilton (McLaren)<\/p>\n

2012 – Kimi\u00a0Raikkonen (Lotus)<\/p>\n

2013\u00a0– Sebastian Vettel\u00a0(Red Bull)<\/p>\n

2014\u00a0– Lewis Hamilton (Mercedes)<\/p>\n

2015\u00a0– Nico Rosberg\u00a0(Mercedes)<\/p>\n

2016\u00a0– Lewis Hamilton (Mercedes)<\/p>\n

2017\u00a0– Valtteri Bottas\u00a0(Mercedes)<\/p>\n

The Birkin bag is made by Herm\u00e8s.\u00a0
It is named after actress and singer Jane Birkin
Noone from Herm\u00e8s will go on record to say how much a new Birkin costs, how long one would have to wait to get one, and how many bags are actually made each year.<\/p>\n

Who’s who in Yemen conflict<\/p>\n

Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government<\/p>\n

Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council<\/p>\n

Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south<\/p>\n

Habrish ‘rebels’: Tribal-backed forces feuding with STC over control of oil in government territory<\/p>\n

‘Nope’<\/p>\n

%3Cp%3E%3Cstrong%3EDirector%3A%3C%2Fstrong%3E%20Jordan%20Peele%0D%3Cbr%3E%3Cstrong%3EStars%3A%3C%2Fstrong%3E%20Daniel%20Kaluuya%2C%20Keke%20Palmer%2C%20Brandon%20Perea%2C%20Steven%20Yeun%0D%3Cbr%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%203.5%2F5%3C%2Fp%3E%0A<\/p>\n

Muslim Council of Elders condemns terrorism on religious sites<\/p>\n

The Muslim Council of Elders has strongly condemned the criminal attacks on religious sites in Britain.<\/p>\n

It firmly rejected \u201cacts of terrorism, which constitute a flagrant violation of the sanctity of houses of worship\u201d.<\/p>\n

\u201cAttacking places of worship is a form of terrorism and extremism that threatens peace and stability within societies,\u201d it said.<\/p>\n

The council also warned against the rise of hate speech, racism, extremism and Islamophobia. It urged the international community to join efforts to promote tolerance and peaceful coexistence.<\/p>\n

How to report a beggar<\/p>\n

Abu Dhabi \u2013 Call 999 or 8002626 (Aman Service)<\/p>\n

Dubai \u2013 Call 800243<\/p>\n

Sharjah \u2013 Call 065632222<\/p>\n

Ras Al Khaimah – Call 072053372<\/p>\n

Ajman \u2013 Call 067401616<\/p>\n

Umm Al Quwain \u2013 Call 999<\/p>\n

Fujairah – Call 092051100 or 092224411<\/p>\n

Elvis<\/p>\n

%3Cp%3E%3Cstrong%3EDirector%3A%3C%2Fstrong%3E%20Baz%20Luhrmann%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStars%3A%3C%2Fstrong%3E%20Austin%20Butler%2C%20Tom%20Hanks%2C%20Olivia%20DeJonge%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%204%2F5%3C%2Fp%3E%0A<\/p>\n

What can victims do?<\/p>\n

Always use only regulated platforms<\/p>\n

Stop all transactions and communication on suspicion<\/p>\n

Save all evidence (screenshots, chat logs, transaction IDs)<\/p>\n

Report to local authorities<\/p>\n

Warn others to prevent further harm<\/p>\n

Courtesy: Crystal Intelligence<\/p>\n

Sinopharm vaccine explained<\/p>\n

The Sinopharm vaccine was created using techniques that have been around for decades.\u00a0<\/p>\n

\u201cThis is an inactivated\u00a0vaccine. Simply what it means is that the virus is taken, cultured and inactivated,” said Dr Nawal Al Kaabi, chair of the UAE’s National Covid-19 Clinical Management Committee.<\/p>\n

“What is left is a skeleton of the virus so it looks like a virus, but it is not live.”<\/p>\n

This is then injected into the body.<\/p>\n

“The body will recognise it and form antibodies but because it is inactive, we will need more than one dose. The body will not develop immunity with one dose,” she said.<\/p>\n

“You have to be exposed more than one time to what we call the antigen.”<\/p>\n

The vaccine should offer protection for at least months, but no one knows how long beyond that.<\/p>\n

Dr Al Kaabi\u00a0said early vaccine volunteers in China were given shots last spring and still have antibodies today.<\/p>\n

\u201cSince it is inactivated, it will not last forever,” she said.<\/p>\n

Results<\/p>\n

Catchweight 60kg:\u00a0Mohammed Al Katheeri (UAE) beat Mostafa El Hamy (EGY) TKO round 3<\/p>\n

Light Heavyweight: Ibrahim El Sawi (EGY) no contest Kevin Oumar (COM) Unintentional knee by Oumer<\/p>\n

Catchweight 73kg:\u00a0\u00a0Yazid Chouchane (ALG) beat Ahmad Al Boussairy (KUW) Unanimous decision<\/p>\n

Featherweight: Faris Khaleel Asha (JOR) beat Yousef Al Housani (UAE) TKO in round 2 through foot injury<\/p>\n

Welterweight:\u00a0Omar Hussein (JOR) beat Yassin Najid (MAR); Split decision<\/p>\n

Middleweight:\u00a0Yousri Belgaroui (TUN) beat Sallah Eddine Dekhissi (MAR); Round-1 TKO<\/p>\n

Lightweight: Abdullah Mohammed Ali Musalim (UAE) beat Medhat Hussein (EGY); Triangle choke submission<\/p>\n

Welterweight:\u00a0Abdulla Al Bousheiri (KUW) beat Sofiane Oudina (ALG);\u00a0Triangle choke Round-1<\/p>\n

Lightweight:\u00a0Mohammad Yahya (UAE) beat Saleem Al Bakri (JOR); Unanimous decision<\/p>\n

Bantamweight:\u00a0Ali Taleb (IRQ) beat Nawras Abzakh (JOR); TKO round-2<\/p>\n

Catchweight 63kg: Rany Saadeh (PAL) beat Abdel Ali Hariri (MAR); Unanimous decision<\/p>\n

UAE currency: the story behind the money in your pockets<\/p>\n","protected":false},"excerpt":{"rendered":"The International Monetary Fund on Thursday welcomed Saudi Arabia recalibrating its Vision 2030 spending as the kingdom seeks…\n","protected":false},"author":2,"featured_media":169394,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[114,2867,184,85,24570,46,78,2865,789],"class_list":["post-169393","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-business-team","tag-economy","tag-il","tag-imf","tag-israel","tag-saudi-arabia","tag-standard","tag-story"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/169393","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=169393"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/169393\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/169394"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=169393"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=169393"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=169393"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}