Syria interim president arrives in Saudi Arabia for first foreign visit
Syria’s transitional President Ahmed Al-Sharaa arrived in Saudi Arabia on Sunday in his first foreign trip since he assumed power, local media has reported. Syrian state news agency Sana earlier reported the president was accompanied by the country’s foreign minister, Asaad Hassan Al-Shibani. Al-Sharaa will meet Saudi Crown Prince Mohammed bin Salman in Riyadh, SANA […]
Fitch affirms Saudi Arabia rating at ‘A+’; outlook stable
Fitch Ratings has affirmed Saudi Arabia’s Long-Term Foreign-Currency Issuer Default Rating at ‘A+’ with a Stable Outlook, the agency said on Friday. Fitch indicated the rating reflects the Kingdoms strong fiscal and external balance sheets. It said: “government debt/GDP and sovereign net foreign assets considerably stronger than both the ‘A’ and ‘AA’ medians, and significant […]
Arab foreign ministers reject Trump call for transfer of Palestinians
Arab foreign ministers on Saturday rejected any transfer of Palestinians from their land under any circumstances, presenting a unified stance against US President Donald Trump’s call for Egypt and Jordan to take in residents of the Gaza Strip. In a joint statement following a meeting in Cairo, the foreign ministers and officials from Saudi Arabia, Egypt, […]
Saudi banking sector dominating TASI trading, latest report reveals
Saudi Arabia’s banking sector led trading on the Kingdom’s stock exchange in 2024’s fourth quarter with a 17 percent market share, according to Tadawul’s latest report. The industry was responsible for approximately SR66.42 billion ($17.7 billion) of transactions, ahead of the materials sector with SR45.04 billion, comprising 11.45 percent of the market. The energy sector […]
Green Horizons: Saudi Arabia’s sustainable tourism drive planting seeds for economic growth
Eco-friendly holiday destinations being developed across Saudi Arabia are positioning the Kingdom as a leader in sustainable tourism, a host of experts have told Arab News. Aligning with the Vision 2030 strategy to increase visitor numbers to the Kingdom to 150 million a year by the end of the decade, Saudi Arabia is creating a […]