Saudi Arabia Business Conditions 'Quite Challenging,' Emirates NBD Says

The video discusses Saudi Arabia's economic growth, highlighting new orders and price discounting challenges. It provides an outlook on Saudi Arabia's economic growth, focusing on the non-oil sector and expected GDP growth. The video also analyzes oil market dynamics, including production cuts by Saudi Arabia and the impact of US shale and Venezuela on the market.

What was a significant trend observed in Saudi Arabia's business conditions?

• Stable economic growth

• Decrease in new orders

• Steep price discounting

• Increase in oil production

What is the expected GDP growth for Saudi Arabia this year?

• 1% GDP growth

• 4% GDP growth

• 2% GDP growth

• 3% GDP growth

Which sector is expected to recover in Saudi Arabia according to the outlook?

• Oil sector

• Non-oil sector

• Tourism sector

• Agricultural sector

What is considered the biggest driver for oil supply according to the discussion?

• Russian oil

• Saudi Arabian oil

• US shale

• Venezuelan oil

How much has Saudi Arabia cut its oil production since November?

• 600,000 barrels

• 450,000 barrels

• 900,000 barrels

• 1,200,000 barrels