Saudi Arabia and other oil-producing nations saw a cut in credit ratings by Standard & Poor’s on Wednesday amid the collapse in crude oil prices, according to reports.
The Middle East Solar Outlook for 2016 produced by the Middle East Solar Industry Association (MESIA) forecasts that more than 4 gigawatts of solar power projects are planned across the region.
Riyadh-based Jadwa Investment recently released an updated analysis on Saudi Arabia’s economy, painting a gloomy picture of the Kingdom’s economic health in the face of low oil prices.
Saudi Arabia has announced its readiness to send ground troops to Syria to help defeat the self-described ISIS, or Daesh, according to comments made by a Saudi defense official.
While legitimate critiques can be made about some of the tactics – the Saudi government is producing results within the context of what is reasonably achievable.
Saudi Arabia and Turkey on voiced their support of Syria's opposition members in Geneva for possible U.N.- sponsored peace talks with the Syrian regime, whether the opposition continued with the talks or not.
U.S. and Saudi business leaders will convene in Riyadh this weekend and into next week for events aimed at promoting business opportunities and investment in Saudi Arabia and enhancing the bi-lateral commercial relationship with the United States.
The “new reality” of lower crude prices means governments in the Gulf - and especially Saudi Arabia - are right to cut spending to reflect this new fiscal reality, the IMF said.
The Saudi-led intervention in Yemen continues into its 10th month of fighting with some gains but no decisive victory for the coalition seeking to restore power to the UN-recognized Hadi government and oust control of parts of the country from Houthi militia members.
