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The economy of Saudi Arabia is the second-largest in the Middle East and the nineteenth-largest in the world. [ 6] The Saudi economy is highly reliant on its petroleum sector. Oil accounts on average in recent years for approximately 40% of Saudi GDP and 75% of fiscal revenue, with substantial fluctuations depending on oil prices each year.
This list is based on the Forbes Global 2000, which ranks the world's 2,000 largest publicly traded companies.The Forbes list takes into account a multitude of factors, including the revenue, net profit, total assets and market value of each company; each factor is given a weighted rank in terms of importance when considering the overall ranking.
For the fiscal year 2021, Amazon reported earnings of US$33.36 billion, with an annual revenue of US$469.82 billion, an increase of 21.7% over the previous fiscal cycle. Since 2007 sales increased from 14.835 billion to 469.822 billion, due to continued business expansion.
US$ 925 billion (March 2024) [ 1] Website. pif .gov .sa. The Public Investment Fund ( PIF; Arabic: صندوق الاستثمارات العامة) is the sovereign wealth fund of Saudi Arabia. It is among the largest sovereign wealth funds in the world with total estimated assets of US$ 925 billion ( £ 726.3 billion). [ 2] It was created in ...
The Summer Pact by Emily Giffin. penguinrandomhouse.com. $30.00. More. All of Emily Giffin’s 12 novels, including her latest, The Summer Pact (Ballantine), are NYT bestsellers, and 5 have been ...
The General Authority of Zakat, Tax, and Customs (ZATCA) ( Arabic: هيئة الزكاة والضريبة والجمارك) is a government agency under the Ministry of Finance in Saudi Arabia that is responsible for the assessment and collection of taxes and zakat, a form of obligatory almsgiving in Islam. [ 1][ 2] ZATCA was established on 14 ...
The Citizen's Account Program in Saudi Arabia is a cash transfer program that started in December 2017. The program is adopted and implemented by The Ministry of Labor and Social Development. [1] Through the programme, citizens in Saudi Arabia get monthly payments from the state. Saudi Arabia is doing many reforms to reduce the country's ...
Sheikh Aldrees founded the Mohammed Saad Aldrees and Sons Company Limited with his four sons on September 12, 1962 [7] as a family partnership company that offered services in petroleum retailing as well as in logistics. In 1963, it leased its first gas station in Riyadh at Rail Street. [8] It owned another gas station by 1965 at Dhahran Street ...