Close Menu
    Facebook X (Twitter) Instagram
    Facebook X (Twitter) Instagram
    SweetCrudeReportsSweetCrudeReports
    Subscribe
    • Home
    • Oil
    • Gas
    • Power
    • Solid Minerals
    • Labour
    • Financing
    • Freight
    • Community Development
    • E-Editions
    SweetCrudeReportsSweetCrudeReports
    Home » Saudi Arabia third-quarter non-oil revenue up 48 percent: finance minister

    Saudi Arabia third-quarter non-oil revenue up 48 percent: finance minister

    October 26, 2018
    Share
    Facebook Twitter LinkedIn WhatsApp
    *Saudi Crown Prince Mohammed bin Salman.

    26 October 2018, News Wires — Saudi Arabia’s third-quarter non-oil revenue jumped 48 percent from the same period last year, to 211 billion riyals ($56.25 billion), its finance minister said on Thursday.

    The kingdom, which is working on a number of economic reforms to diversify its oil-reliant economy, had non-oil revenues of 89.4 billion riyals in the second quarter, up 42 percent year on year.

    Speaking at an investment conference in Riyadh, Mohammed al-Jadaan said that spending in the third quarter went up by 25 percent.

    Saudi Arabia’s government expects to run a budget deficit of 128 billion riyals next year, compared with a 195 billion riyal deficit projected for 2018 in the original budget for this year, Jadaan said last month.

    The deficit narrowed to 7.36 billion riyals in the second quarter, with revenue of 273.59 billion riyals and spending of 280.95 billion riyals.

    • Reuters

    Related News

    Tetracore, Dangote Cement boost energy partnership with new mobile refueling units

    Seplat Energy earns CIPS Procurement Excellence Standard Certificate

    Egypt halts fertilizer production as Israeli gas disruptions deepen energy strain

    E-book
    Resilience Exhibition

    Latest News

    Tetracore, Dangote Cement boost energy partnership with new mobile refueling units

    June 15, 2025

    Transocean Coatings establishes affiliate at SIIFZ

    June 15, 2025

    Nigeria reiterates commitment to port automation

    June 15, 2025

    Seplat Energy earns CIPS Procurement Excellence Standard Certificate

    June 15, 2025

    NOSDRA inaugurates technical committee on application of capping stack

    June 15, 2025
    Demo
    Facebook X (Twitter) Instagram
    • Opec Daily Basket
    • Oil
    • Power
    • Gas
    • Freight
    • Financing
    • Labour
    • Technology
    • Solid Mineral
    • Conferences/Seminars
    • Community Development
    • Nigerian Content Initiative
    • Niger-Delta Question
    • Insurance
    • Other News
    • Focus
    • Feedback
    • Hanging Out With Markson

    Subscribe for Updates

    Get the latest energy news from Sweetcrudereports.

    Please wait...
    Please enter all required fields Click to hide
    Correct invalid entries Click to hide
    © 2025 Sweetcrudereports.
    • About Us
    • Advertise with us
    • Privacy Policy

    Type above and press Enter to search. Press Esc to cancel.