Your gateway to comprehensive financial knowledge with more than 2000 financial and economic terms
Most searched terms
Internal Control Framework
A data structure that organizes and categorizes an organization's internal controls, they are practices and procedures that are put in place to create added value and reduce enterprise risks.
Re-Import
Importation into a Customs territory of goods previously exported from that territory.
Re-export
It refers to goods that have been previously imported and have undergone all customs procedures, and then re-exported without significant modification.
Insolvency
Actual insolvency or bankruptcy, or the commencement of any proceedings in respect of insolvency or bankruptcy under the Bankruptcy Regulations, or the commencement of any equivalent procedures in the Kingdom or in any other jurisdiction outside the Kingdom.
Dumping
The practice of exporting goods at below-market prices to gain market share and undermine competition.
Economic Outlook
A forecast of future economic conditions based on trends, indicators, and policy analysis.
Emerging Digital Economy
The shift to an economy driven by digital technologies, including e-commerce, fintech, blockchain, and AI-driven business models.
Non-Oil Economy
Economic sectors and activities that do not involve the production, extraction, or sale of petroleum or oil-related products.
Control Commitment
To make sure that the government entity adheres to all control regulations.
Knowledge Economy
An economy based on the production and management of knowledge and information, rather than physical goods.
Credit Obligation
A contractual commitment to repay borrowed funds or fulfill financial obligations, often associated with loans, bonds, or other credit arrangements.
Refused Payment Orders
Payment orders received from the government body and some observations are found in connection therewith, accordingly not recorded in the system, the government bodies are asked to get them back to address these observations.
Fund Sub-Custodian
A third party contracted by the custodian to perform some or all of the custodian’s functions in relation to an investment fund.
Local Production
The creation of goods or services within a specific region or country, rather than importing them.
Deferred Tax Liability
A tax obligation that a company owes but delays paying until a future period.
Physical Security
Measures to prevent unauthorized access to facilities, equipment, and protect individuals and property.
Returned Payment Order
Returned payments orders from the Ministry of Finance, which are received from government bodies to address the observations.
Productivity
The efficiency of production, typically measured as output per unit of input.
Economic Recovery
The phase following a recession where the economy starts to grow again, with increased production, job creation, and rising confidence in markets.
Conglomerate Merger
A merger between companies in unrelated industries to diversify business operations.
Non-Oil Activities
Refer to all other economic activities except oil activities and government services.
Information System
A set of organizational elements that include people, processes, procedures, policies, activities, and technical tools, which are linked together. The purpose is to enter, retrieve, store, analyze and process data and information in its various forms.
Knowledge Production
The process of generating new ideas, research, and innovations to drive economic and social progress.
Engagement
Active participation and interaction among individuals or employees within an organization, which enhances a sense of commitment and loyalty.
Oil Activities
Oil Activities encompass the activities of crude oil, natural gas, and refining activities.
Critical Systems
Systems or networks whose disruption or compromise could adversely affect an organization's operations and national interests.
Economic Revitalization
A process aimed at improving or reinvigorating a stagnating or declining economy, often through investments, job creation, and infrastructure development.
Final Cash Consumption Expenditure of Households
Household spending for direct satisfaction of needs or wants through monetary transactions. It is generally associated with the domestic concept that includes expenditures made by households, regardless of nationality or residence, within the economic territory of the country.
Overspending
The act of exceeding a budget or spending more than what was allocated or planned for a specific period, which can lead to financial difficulties.
Demerger
A type of Demerger where all of the shares in the spun-off entity/new entity to be formed to hold the asset, are distributed on a pro-rata basis to the Listed Company’s shareholders as dividend, resulting in a full separation of the two entities in a single process.
Fixed-Income Security
An investment that provides regular interest payments, such as bonds.
Termination of the Fund
The date on which the Fund ends according to the term or event specified in the Fund’s terms and conditions, including the asset sale phase and the distribution of unit holders’ dues to them.
Other Revenues
Revenues collected by the government from property income, sales of goods and services, fines, penalties, confiscations, and other transfers.
Scorecard
A visual or tabular performance measurement tool used to track and evaluate progress, often using key performance indicators (KPIs).
Local Bank
An institution that has received a license to engage in banking business in accordance with the Laws of the Kingdom.
Control Environment
A set of standards, processes, and activities that provide the basis for carrying out internal control procedures in the entity.
Commissioning Start
On completion of construction, the process of testing to ensure the Private Party has met all preconditions necessary to commence operations.
Commodity
A basic good or raw material used in commerce, interchangeable with other goods of the same type.
Technological Infrastructure
The digital and physical systems that support economic and technological activities.
Visitors
Searches