Moody’s Says Saudi Fiscal Position is Strong, Eyes Oil Dependency as Key Credit Challenge

Bond credit rating agency Moody's Investors Service said Saudi Arabia's fiscal position remains strong at the A1 rating level, but said that reducing the Kingdom's high oil dependency is the key credit challenge the country faces.

Saudi Arabia

News, analysis, and more

Saudi Economy

Investing in Saudi Arabia beyond oil: Mining, renewable energy, capital markets

Saudi Arabia's economic overhaul leans on the hope that non-governmental employment will grow quickly as the kingdom wants to increase the private sector's contribution from ...


Saudi Economy

Saudi Arabia’s fiscal position remains strong, say Moody’s

The stable outlook enjoyed by the Kingdom reflects Moody’s view that risks to Saudi Arabia’s credit profile are broadly balanced and anticipates only a mild ...


Saudi Foreign Policy

Saudi Arabia Pivots to Asia (For Now)

The Obama administration’s much vaunted pivot to Asia was supposed to signal a U.S. strategic shift away from Middle East security issues toward commerce and ...


Aramco Sukuk Sale

Saudi Aramco Pays Premium in Debut Sukuk Sale

Saudi Aramco, the world’s largest oil producer, is paying a significant premium to the government and to its previous borrowing in its first sale of ...


Saudi Aramco IPO

Saudi Aramco’s IPO Financial Advisers Have Deep Ties to Kingdom, Industry

Saudi Arabian Oil Co., better known as Saudi Aramco, has lined up the banks that will lead what's expected to be the biggest initial public ...


Saudi Aramco IPO

PetroChina latest Chinese oil major to consider Saudi Aramco listing

PetroChina will consider taking part in national oil giant Saudi Aramco’s initial public offering based on market conditions, it said on Thursday, the second Chinese ...


Islamic Military Alliance to Fight Terrorism

Retired Pakistani general to command Saudi-based force

Pakistan's defence minister, Khawaja Mohammad Asif, has confirmed that General (rtd) Raheel Sharif has been appointed as the commander of a Saudi Arabia-based multinational force. ...


Yemen Civil War

Pro-Houthi protesters attack Saudi military spokesman Gen. Al-Assiri in London

Al-Assiri was attacked by eggs and then physically challenged by a protester who claimed he is placing him under “citizen’s arrest” for what he described ...


Saudi Credit Rating

Saudi Arabia’s fiscal position remains strong, say Moody’s

Saudi Arabia’s fiscal position remains strong, according to Moody’s Global Credit Research report published on Friday. ...


Saudi Oil Policy

Saudi Arabia likely to cut May crude prices to Asia on weak demand

Top oil exporter Saudi Arabia may cut prices for most of the crude grades it sells to Asia in May to track weak demand in ...


Interior Design

Markets Open for Indian Exports as Saudis Redecorate Their Homes

Saudi Arabia’s love for fancy homes is expanding the lucrative Middle Eastern market for Indian exporters, boosting a recovery in overseas shipments. ...


Travel and Tourism

England all-rounder Moeen Ali jets off to Saudi Arabia

England all-rounder Moeen Ali has made the most of a rare gap between fixtures as he jetted off to Saudi Arabia to visit some historic ...


Saudi +

Regional and related topics

Hyperloop One

Hyperloop One says to target $12bn cargo business in Gulf

He added that Hyperloop One would compete for 100 percent of air freight in the GCC, which is a $7 billion market, 22 percent of ...


U.S.-Gulf Relations

U.S.-Gulf Relations in the Age of Trump: The End of the Trust Deficit?

Cordial interactions between President Donald Trump and several G.C.C. leaders suggest a warming in U.S.-G.C.C. relations after years of friction with the Obama administration. ...



Daily chart: Impending famines in Africa and Yemen have political causes

Millions of people are at risk of starvation in Nigeria, South Sudan, Somalia and Yemen ...


Global Coal

Dramatic Drop in Global Coal Plant Construction

On Tuesday, United States President Donald Trump signed an executive order aimed in part at shoring up the crippled coal industry. The move stands in ...



Iran and Turkey Pose Problems for Trump in Syria

But much of U.S. policy will hinge on the influence of other regional players, Iran and Turkey. Both have vested interests in Syria that do ...



Turkey ‘ends’ Euphrates Shield campaign in Syria

Turkey says it has "successfully" ended its seven-month Euphrates Shield military campaign in northern Syria. ...



Israel Moves to Approve First New West Bank Settlement In 20 Years

Israel’s government on Thursday appeared set to approve the construction of a new Jewish settlement in the West Bank for the first time in 20 ...



Bombing at mosque in Pakistan kills 22

A powerful car bomb exploded near a minority Shiite Muslim place of worship in the northwest town of Parachinar on Friday, killing at least 22 ...


GCC Rail

GCC rail project to get delayed over technical problems

On the Kuwait scenario, Naqi said constructing the railway system in the country had faced many obstacles in recent years, primarily in terms of removing ...


Syria Civil War

The Syrian Rebel Who Tried to Build an Islamist Paradise

It was bravado, but Alloush and his soldiers were not without hope. Though the four-year old war in the Eastern Ghouta was now a stalemate, ...


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