Middle-east Arab News Opinion | Asharq Al-awsat

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People exchange money at a money exchange office in Doha, Qatar, June 11, 2017. REUTERS/Tom Finn

Doha’s Losses Worsen

by Shuja Al-Baqmi | Jun 12, 2017 | Business

Riyadh- World agencies published on Sunday new economic reports that warn of the increased dangers on the Qatari economy after several Gulf and Arab states severed diplomatic ties with Doha. Reports have revealed the frustration of Qatari investors in shares, bonds...

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The Logo of Saudi Aramco is seen at the 20th Middle East Oil & Gas Show and Conference (MOES 2017) in Manama, Bahrain, March 7, 2017. REUTERS/Hamad I Mohammed/File Photo

Saudi Aramco Raises $3 Billion with Debut Sukuk

by Fatah Al-Rahman Youssef | Apr 6, 2017 | Business

Riyadh-The sukuk market is expected to witness prosperity in the current year in which the Saudi government has commenced its first steps in the debut sukuk while Saudi Aramco is raising around $3 billion from its first issuance of sukuk. Relevant banks were assigned...

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A Moody’s sign on the 7 World Trade Center tower is photographed in New York August 2, 2011. REUTERS/Mike Segar

Moody’s: Saudi Arabia’s Fiscal Position Remains Strong

by Shuja Al-Baqmi | Apr 1, 2017 | Business

Riyadh – Saudi Arabia’s fiscal position remains strong, according to Moody’s Global Credit Research report published on Friday. The report pointed out that economic reforms executed by the kingdom will contribute in curbing the public budget deficit despite the...

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The Saudi central bank has reiterated its ongoing commitment to the riyal’s exchange rate policy.
(AFP)

Leaning on a Strong Credit Profile, Saudi Arabia Fixes Riyal Exchange Rates

by Shuja Al-Baqmi | Aug 13, 2016 | Business

Riyadh- Saudi Arabia confirmed its commitment to keeping the riyal pegged to the U.S. dollar to support its fixed exchange rate policy, according to an official statement issued on Friday. The current exchange rate is fixed at SAR3.75 for each one dollar, as to...

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This undated file photo shows the Riyadh skyline. (Asharq Al-Awsat)

Moody’s holds Saudi Arabia’s credit rating, says fiscal position still strong

by Shuja Al-Baqmi | Nov 4, 2015 | Business

Riyadh, Asharq Al-Awsat—Saudi Arabia’s fiscal position remains strong, according to global credit ratings agency Moody’s, which on Monday said it would not change the Kingdom’s credit rating. Moody’s said Saudi Arabia’s existing assets would be able to provide a...