Middle-east Arab News Opinion | Asharq Al-awsat

Media ID: 55340932
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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...

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Saudi Arabia’s King Salman Bin Abdulaziz speaks during an event hosted by the US–Saudi Arabian Business Council, in Washington DC, United States, on September 4, 2015. (Saudi Press Agency)

King Salman: Saudi economy resilient enough to withstand current crises

by Asharq Al-Awsat | Sep 6, 2015 | Middle East

Washington, Asharq Al-Awsat—Saudi Arabia’s economy is capable of withstanding global economic crises and the current drop in oil prices, Custodian of the Two Holy Mosques King Salman Bin Abdulaziz said on Friday during his visit to Washington. Speaking at an event...

Media ID: 55335185
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File photo of the Riyadh skyline. (Asharq Al-Awsat)

Opinion: The Paradigm Shift in Saudi Economic Policy

by Hussein Shobokshi | Dec 31, 2014 | Opinion

So, Saudi Arabia has announced its projected budget for 2015, setting a record for the largest budget in the Kingdom’s history. Following the announcement, Saudi Finance Minister Ibrahim Al-Assaf confirmed that Riyadh is committed to its policy of spending on...

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(AAA Photo)

Saudi Arabia announces 2015 budget

by Asharq Al-Awsat | Dec 25, 2014 | Business

Riyadh, Asharq Al-Awsat—Saudi Arabia announced its 2015 budget on Thursday, projecting spending of 860 billion riyals and revenues of 715 billion riyals, leaving a projected deficit of 145 billion riyals. The projected spending for 2015 is slightly higher than the...

Media ID: 55337298
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This undated file photo shows a Saudi money changer counting Saudi riyals in Riyadh, Saudi Arabia. (Reuters)

Inflation in Saudi Arabia to hit seven-year low: analysts

by Asma Al-Ghabiri | Dec 23, 2014 | Business

Jeddah, Asharq Al-Awsat—Inflation in Saudi Arabia is set to reach its lowest levels since April 2007, when official figures from the Kingdom’s Central Department of Statistics and Information are released towards the end of the month, according to sources speaking to...