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Saudi News Update: Week 19


A businessman is staying up to date by reading the news on a tablet

This week, Moody's, the global credit rating agency, reaffirmed Saudi Arabia’s credit rating of ‘A1’. Moody’s has mentioned that the reform agenda initiated in 2016 has bolstered macroeconomic stability and fiscal policies, contributing to the sustainability of Saudi Arabia’s economic diversification plans.


In other news, Saudi Arabia aims to attract investments exceeding $3 trillion by 2030. This announcement was made by the Saudi Minister of Investment. 

 

Economy, Budgets and Finance

Arab News:  Saudi Arabia’s open banking strategy a game-changer. Read here


Al Arabiya: Saudi Arabia’s NEOM: New video shows rapid progress at mega project, workers doubled. Read here


Saudi Gazette: Saudi Arabia aims to attract over $3 trillion in investments by 2030. Read here


Saudi Gazette: Moody’s affirms Saudi Arabia’s A1 credit rating with a positive outlook. Read here

Government and Royal Family

Saudi Gazette:  Saudi Arabia, Japan ink over 30 pacts in energy, manufacturing and financial sectors. Read here


Saudi Gazette:  Saudi Arabia provides Jordan with equipment for airdrop of relief supplies in Gaza. Read here


Arab News: Saudi Arabia’s King Salman to be treated for lung inflammationRead here

Defence and Security

Financial Times: US and Saudi Arabia close to defence and civil nuclear deal. Read here


Times Aerospace: New chair for Saudi defence business SAMI. Read here


Commercial

Saudi Gazette: Arab leaders approve Riyadh as headquarters of Cybersecurity Ministers Council. Read here


Saudi Gazette: Minister Al-Khateeb: Saudi Arabia set to change global tourism map with highest investments worth $800 billion. Read here


Arab News: First international flights put a spotlight on Saudi Arabia’s greenest airport. Read here


Social

Al Arabiya: ‘Norah,’ Saudi Arabia’s first Cannes Film Festival entry, makes international debut.  Read here


Saudi Gazette: Saudi Arabia completes 1st phase of desertification assessment with creating 246 mapsRead here

 

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