Saudi Arabia to Privatize Postal System
World Economy

Saudi Arabia to Privatize Postal System

Saudi Arabia is likely to start privatizing its postal system by early next year, telecommunications minister Mohammed al-Suwaiyal said, in a test case for a series of state asset sales, Reuters reported. Under economic reforms announced this week, the kingdom aims to privatize companies and services in many areas, from health care to housing and municipal government, to boost efficiency and ease pressure on state finances in an era of cheap oil. Saudi Postal Corp, with over 10,000 staff, will be one of the first to be offered to investors.


Short URL : http://goo.gl/3gDL6t
  1. http://goo.gl/oiYZhG
  • http://goo.gl/CA1kfR
  • http://goo.gl/NO3nZp
  • http://goo.gl/yLfcOV
  • http://goo.gl/183W7o

You can also read ...

Big Data, Online Markets Can Lead to Higher Prices
Information technology is not just transforming markets; it is...
Italy could set the stage for the bloc’s next crisis if it delivers on its tax-cutting and high-spending policies.
Capital investment in 24 of the EU’s 28 member states has...
Air India Sale Hangs in Balance
Uncertainty hangs over the Indian government's plans to sell...
Liu He (L) and Steven Mnuchin after the joint statement to avoid a trade war.
With "minutes to midnight", the great US-China trade war...
A meeting of eurozone finance ministers is set for June 21.
Greece’s creditors have agreed a program of reforms as the...
Bangla Trade Deficit Doubles
Bangladesh’s trade deficit has almost doubled within 12 months...
Egypt Gets Bids for Power Plant
Egypt next week will announce the winning consortium to build...
Cumulative gross financing needs could amount  to $69.3 billion for 2018 for the six-nation group.
While public debt levels remain at manageable levels for most...