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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...

Oman’s cost-cutting steps helped to lower public spending by 2.1% in...

Actual revenues accumulated by the Omani government in 2020 have touched $22.09 billion, a 20.5 percent decline from estimates for the year. However, the...

Saudi Arabia expected to grow in 2021; S&P Report

The renowned global credit rating agency Standard & Poor's (S&P) expects the Saudi Arabian economy to resume growth in 2021.  Mr. Ravi Bhatia an analyst...

Tough 18 months ahead for GCC Banks; S&P

American credit rating agency, S&P Global Ratings has observed that banks in the GCC region face an uphill battle in the next 18 months...

Global banks could loss $2.1 trillion by 2021; S&P Global Report

Global credit rankings agency, Standard and Poor (S&P) estimates that banks around the world will face a combined credit loss of $2.1 trillion by...

Oman has a strong liquid fiscal and foreign currency stock reserves:...

Consistent with other similar credit rating services, Moody’s Creditors Service has dropped Oman's sovereign rating for the second time this year as a lower...

Abu Dhabi retains S&P’s ‘stable’ credit rating at AA/Stable/A-1+

Global credit rating agency Standard & Poor’s has retained Abu Dhabi’s credit rating at AA/Stable/A-1+ with a stable outlook in consideration to the impact...

Qatar stays at ‘AA-’; Outlook at ‘Stable’: S&P Global Ratings

American credit rating agency Standard and Poor's remains positive about Qatar and has affirmed its ‘AA-/A-1+’ long and short-term foreign and local currency sovereign...
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