{"id":96354,"date":"2025-04-24T00:00:00","date_gmt":"2025-04-24T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2025\/04\/24\/saudi-mostly-spared-from-tariff-turmoil-sp-says\/"},"modified":"2025-04-24T00:00:00","modified_gmt":"2025-04-24T00:00:00","slug":"saudi-mostly-spared-from-tariff-turmoil-sp-says","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2025\/04\/24\/saudi-mostly-spared-from-tariff-turmoil-sp-says\/","title":{"rendered":"Saudi mostly spared from tariff turmoil, S&P says"},"content":{"rendered":"

Good morning, and happy THURSDAY. <\/strong>The big story in the last issue of the week comes from the aviation sector: Saudia is buying 10 additional aircrafts from Airbus for its budget arm Flyadeal. It\u2019s not a one-way street, though, as Airbus is also sourcing titanium and other raw materials from the Kingdom.<\/p>\n

ALSO- <\/strong>Saudi Arabia and India agreed to strengthen and expand cooperation across key sectors, following PM Modi\u2019s short visit. Cooperation ranged from oil refineries in India to a bilateral investment agreement to be finalized \u201cat the earlier.\u201d<\/p>\n

King Abdullah also landed in town:<\/strong> Crown Prince Mohammed bin Salman met with Jordan\u2019s<\/a>King Abdullah II in Jeddah yesterday<\/a> to discuss bilateral ties and key regional issues. The two leaders focused on the worsening situation in Gaza and the West Bank, and stressed the need to support efforts to end the conflict. <\/p>\n

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BUT FIRST- Would you like to have lunch with us on Monday, 5 May? <\/strong>If so, hit reply to this email to let us know you\u2019re like to be considered and tell us a little bit about yourself and what you do as a professional. <\/p>\n

Wait, lunch? <\/strong>Yes, lunch. We\u2019re inviting a small group of readers to join us to talk over where the economy and business climate stand now and where they\u2019re heading through 2030. Expect good food, good company, and frank talk about what we are convinced is the most exciting business opportunity in the world. <\/p>\n

Seating is strictly limited and the gathering is invitation-only. <\/strong>The gathering will take place under Chatham House rules. We\u2019ll be in touch over the course of the next week with the folks we\u2019re inviting to drop them the details. <\/p>\n

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HAPPENING TODAY-<\/p>\n

It\u2019s day four of the <\/strong>IMF and World Bank\u2019s<\/a><\/strong>spring meetup<\/a><\/strong>, and the fallout from the IMF\u2019s downbeat World Economic Outlook<\/a> is rippling through global markets.<\/p>\n

Saudi Arabia remains focused on long-term transformation:<\/strong> Finance Minister Mohammed bin Abdullah Al Jadaan, speaking<\/a> at a US Chamber of Commerce roundtable, kept the spotlight on Vision 2030. \u201cWe are committed to delivering an effective regulatory framework that enhances transparency, an investor-friendly ecosystem, and alignment across ministries to foster partnerships.\u201d<\/p>\n

On the agenda today: <\/strong>IMF\u2019s Middle East and Central Asia Department Director Jihad Azour will give a closed press briefing.<\/p>\n

WEATHER- <\/strong>Sun will shine over Riyadh, winds will stir through Makkah, and storms may rumble across Madinah.<\/p>\n