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S&P upgrades Saudi Arabia’s outlook from ‘stable’ to ‘positive’

American credit rating agency, Standard & Poors (S&P) has upgraded Saudi Arabia's outlook to ‘positive’ from ‘stable’ citing improving GDP growth and fiscal dynamics...

GCC economies’ growth to accelerate at a faster pace in 2022;...

The Gulf Co-operation Council (GCC) economies are expected to grow at a faster pace in 2022, according to a new Reuters poll of economists...

GCC economies to grow 2-3% in 2021; Reuters survey

The six countries in the Gulf Co-operation Council (GCC) are projected to rebound and expand 2 percent to about 3 percent this year, while...

S&P cuts Kuwait’s credit rating to A+ from AA- on lack...

Credit rating agency S&P Global Ratings has downgraded Kuwait’s rating for the second time in less than two years citing the Gulf state’s lack...

GCC economies projected to grow 2.1% in 2021: ICAEW

Gulf Cooperation Council (GCC) countries are expected to rebound by 2.1 percent this year, supported by oil prices rise, ease in COVID-19-driven restrictions and...

Saudi lowers price of oil shipments to Asia as COVID-19 cases...

Saudi Arabia lowered prices for oil shipments to customers in its main market of Asia as a surge in coronavirus cases dips energy demand...

Oil set to make gains ahead of OPEC+ meeting

Thanks to continued tightening in the markets, oil is set to make further gains this week ahead of a meeting of OPEC+ (Organization of...

IMF forecasts oil prices to average $50/barrel in 2021

Amidst vaccine roll-outs and growth in the global economy, the International Monetary Fund (IMF) expects oil prices to recover to an average of $50...
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