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File photo of 55 Water Street, home of Standard & Poor’s, in New York. (AP Photo/Henny Ray Abrams)
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File photo of 55 Water Street, home of Standard & Poor’s, in New York. (AP Photo/Henny Ray Abrams)
S&P raises Saudi’s long-term sovereign rating outlook
Riyadh, Asharq Al-Awsat—Standard & Poor’s has upgraded Saudi Arabia’s long-term sovereign rating outlook from “stable” to “positive” following a similar move by Fitch in March. S & P’s new rating outlook for Saudi Arabia was issued just one day after...Caption:
An Egyptian demonstrator holds bread in a protest earlier this month against the International Monetary Fund. The Egyptian government is trying to chart a delicate course between economic reform to appease lenders, without alienating its own people. (AFP)
Opinion: From Arab Spring to Economic Winter
The revolutions that have transformed the Arab world have also transformed economies, largely for the worse. If the so-called “Arab Spring” were to receive a credit rating, the verdict would be obvious and unfortunate: downgrades. We have seen the multiple pathologies...Caption:
Tunisia’s Prime Minister Hamadi Jebali speaks as he announces his resignation during a news conference in Tunis February 19, 2013. Jebali resigned on Tuesday after his attempt to form a government of technocrats and end a political crisis failed. REUTERS/Zoubeir Souissi