Saudi Arabia’s credit worthiness was downgraded at Fitch Ratings after the plunge in oil prices. The kingdom’s rating was lowered one level to AA-, the fourth-highest investment grade, the rating Continue Reading
Though Saudi Arabia’s plan of a $2 trillion fund exudes power and confidence, raising a megafund of that size is practically next to impossible, unless crude oil prices see a Continue Reading
Saudi Arabia is working to create the world’s largest sovereign wealth fund so it might redirect the nation away from dependence on oil! What do the Saudi’s know? Will they Continue Reading
For the Gulf states, maintaining unity becomes all the more important amid economic slowdown. Click here to continue reading… Stratfor provides global awareness and guidance to individuals, governments and businesses Continue Reading
Russian Energy Minister Alexander Novak said on Monday that he may meet his Saudi Arabian counterpart before a planned oil producers’ meeting in Doha on April 17. Saudi Arabia, the Continue Reading
Saudi Deputy Crown Prince Mohammed bin Salman sat down for a five-hour interview with Bloomberg News at the royal compound in Riyadh last week. Here’s a breakdown of what we Continue Reading
Saudi Arabia plans to almost double the size of its stock market, among the most closed in the world, by adding dozens of companies and making it easier for foreigners Continue Reading
Saudi Arabia plans to tap international debt markets for the first time as early as September and set up a bond program amid an unprecedented economic shakeup. The kingdom will Continue Reading
The biggest economic shake-up since the founding of Saudi Arabia would accelerate subsidy cuts and impose more levies, a plan to spread the burden of lower crude prices among a Continue Reading
A top Saudi prince has announced new elements of a plan to reduce the kingdom’s heavy dependence on oil, amid a drop in world prices that has sent shock waves Continue Reading
