Saudi credit ratings get top upgrade with stable outlook
The world credit rating agency S&P Global Ratings updated its credit report for the Kingdom of Saudi Arabia, raising its long and short-term foreign and local currency sovereign credit ratings to ‘A/A-1’ with stable outlook, the Saudi Press Agency (SPA) reported today. The agency indicated in its report that this rating upgrade is a result […]
S&P, Moody’s positive on Saudi Arabia’s non-oil reforms
S&P Global on Friday raised its sovereign rating on Saudi Arabia to “A/A-1”, citing expected reform and diversification plans to boost development of the kingdom’s non-oil sector and shift dependence away from oil. Rival ratings agency Moody’s also said that Saudi Arabia’s plans will support it amid volatile oil price cycles and a global transition […]
Saudi Arabia, UK hold new session of strategic aid dialogue in London
Within the framework of the Strategic Aid Dialogue for Development and Humanitarian Aid between Saudi Arabia and the United Kingdom, the 2nd session entitled “Humanitarian Aid” was held on Thursday in London with the participation of a number of officials from both sides. During the session, the current humanitarian cooperation between the two sides […]
Investment Minister: Saudi Arabia is one of the most attractive markets for investment
The Investment Minister, Khalid Al-Falih, has emphasized that the Kingdom of Saudi Arabia has made significant progress in implementing its ambitious Saudi Vision 2030, having already achieved half of its objectives. The country is on track to double the size of its economy and diversify its investment areas, aiming to become one of the world’s […]