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Saudi Arabia's ratings reflect its strong fiscal and external balance sheets, with government debt/GDP and sovereign net foreign assets (SNFA) considerably stronger than both the 'A' and 'AA' medians, and significant fiscal buffers in the form of deposits and other public sector assets.

His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister of the Kingdom of Saudi Arabia, received today Syrian Arab Republic President Ahmed al-Sharaa at Al-Yamamah Palace in Riyadh.

Some more details on Saudi Arabia's transformative Neom gigaproject have been revealed, including its ambitious timeline and how people will actually go about living in its incredible futuristic city, the Line.

The total value of contracts awarded in the Gulf Cooperation Council (GCC) reached a new high of $273.2 billion in 2024, an increase of 9.6 percent, compared to $249.4 billion in 2023, according to Kamco Invest Research. The growth was mainly driven by project awards in Saudi Arabia and the UAE