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1.71 MB
Extraction Summary
0
People
6
Organizations
1
Locations
1
Events
0
Relationships
3
Quotes
Document Information
Type:
Financial research report
File Size:
1.71 MB
Summary
A Merrill Lynch financial research report (GEMs Paper #26) dated June 30, 2016, analyzing Saudi Arabia's fiscal balance, government debt, and labor market trends. The document discusses the economic impact of the National Transformation Program (NTP) and 'Nitaqat' Saudization initiatives, specifically focusing on the costs of foreign versus national labor and projected financial outflows. The document bears a 'HOUSE_OVERSIGHT' Bates stamp, indicating it was part of a document production for a congressional investigation.
Organizations (6)
Timeline (1 events)
Near-future (relative to June 2016)
Expected launch of the 'balanced Nitaqat' initiative extending the Saudization program.
Saudi Arabia
Locations (1)
| Location | Context |
|---|---|
Key Quotes (3)
"Labour policies are likely to remain a major focus for the Saudi government."Source
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Quote #1
"The NTP target is thus akin to increasing non-Saudi private sector wages by 43% over the period to 2020..."Source
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Quote #2
"This would squeeze corporate profits, lead to inflationary pressures in the economy, and lead to annual additional Fx outflows through remittances of US$2.8bn (0.4% of GDP)."Source
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Quote #3
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