Arabia

S&P Upgrades Saudi Arabia Outlook, Flags Possible Ratings Upgrade

3 months ago

The international rating agency Standard & Poor's (S&P) has upgraded its outlook for Saudi Arabia from "negative" to "stable", hinting at a potential upgrade of the country's credit rating in the future. This announcement serves as an important signal for investors and participants in global financial markets, especially considering the new economic data and the effectiveness of the crisis management measures implemented in the country.

Saudi Fintech Acquisition by Tabby Sparks New Hopes for VCs

3 months ago

The recent acquisition of a leading fintech startup in Saudi Arabia by Tabby has become a significant event for the venture capital market in the region. According to experts, this merger could serve as a key driver for further growth and investment attraction in the digital finance sector.

IMF Warns of Sharp Fall in Saudi Oil Revenues in the Coming Years

3 months ago

The International Monetary Fund (IMF) has issued a warning that Saudi Arabia is poised to experience a significant decline in its oil revenues throughout this decade. IMF forecasts suggest that the kingdom’s dominance in oil exports and the associated income may be jeopardized due to its persistent reliance on the hydrocarbon market. A key factor in this context is the increasingly competitive market for energy resources and the rising competition from other exporting countries.

Saudi Arabia's External Balances Weakening Due to Oil Drop, IMF Reports

3 months ago

According to the latest report from the International Monetary Fund (IMF), Saudi Arabia's external balance, which includes the export and import of goods and services, is expected to weaken significantly as a result of declining oil prices. The drop in hydrocarbon prices, the kingdom's primary source of revenue, has threatened economic stability and may impact future social programs.

Saudi Arabia's Oil Export Revenues Drop to Three-Year Low

3 months ago

Recent reports have revealed that Saudi Arabia's revenues from oil exports have fallen to their lowest level in three years. This decline is attributed to a combination of factors, including global shifts in energy demand and fluctuations in oil prices. The decrease in revenues has had a negative impact on the kingdom's economy, which heavily relies on oil exports.