Saudi Arabia sees record 144% rise in new mining exploration licenses in H1
Saudi Arabia issued a record number of new mining exploration licenses in the first half of 2025, marking a 144 percent year-on-year rise, official data showed. A total of 22 licenses were issued during the period, up from just nine in the same period last year, reflecting growing investor interest and the government’s push to […]
Two-state solution conference poised to convene at UN as famine spreads in Gaza
‘ As the international community braces for the two-state solution conference in New York on July 28-29, co-chaired by Saudi Arabia and France, expectations are high for renewed political will to end decades of conflict and push forward a viable peace. The conference arrives amid worsening humanitarian conditions in Gaza and a historic diplomatic shift: […]
Fitch affirms Saudi Arabia’s ‘A+’ rating with stable outlook
Fitch Ratings has affirmed Saudi Arabia’s long-term foreign-currency issuer default rating at “A+” with a stable outlook. The agency cited the Kingdom’s strong fiscal and external balance sheets, continued growth in the non-oil sector, and solid banking fundamentals as key drivers behind the rating. Fitch also noted that Saudi Arabia’s government debt levels and sovereign […]
Saudi and Syrian business leaders commit to energy sector revival
Saudi and Syrian business leaders affirmed their readiness to support the redevelopment of Syria’s energy infrastructure following a high-level meeting in Riyadh. The participants presented proposals for joint projects focused on conventional and renewable energy sectors, signaling a potential shift toward greater regional investment collaboration. During the meeting, which included members of the Syrian expatriate […]