Responsive ad

European business looks to Saudi fiscal fix

European business leaders are looking keenly at economic and fiscal reforms announced by Saudi Arabia because of their large stakes in maintaining a steady flow of trade and investment in the region. A report by Arabia Monitor consultancy, Saudi Arabia: Fiscal restructuring forges ahead,  presented an upbeat outlook for the kingdom as well as neighbouring countries that are part of the Gulf Cooperation Council political and economic...

Read More
London conference aims to counter apathy to war on Yemen
Aug16

London conference aims to counter apathy to war on Yemen

A coalition of non-government organisations active in Yemen and outside the embattled country will meet in London 20-21 August 2016 to counter a lack of international diplomatic and news media response to the continuing deaths and displacement of innocent civilians in the conflict in Yemen. Saudi Arabia is leading a coalition of Arab and non-Arab forces in a military operation it argues is a response to military operations that Riyadh...

Read More
Saudi Investment Bank’s ratings lowered
Jun09

Saudi Investment Bank’s ratings lowered

Saudi Investment Bank’s ratings have been lowered but its ‘Stable’ outlook has been maintained in ratings action announced [9 June 201]. The bank has branches and representations worldwide. Capital Intelligence (CI Ratings), the international credit rating agency based in Cyprus, announced that it has lowered the Financial Strength Rating (FSR) of The Saudi Investment Bank (SAIB), based in Riyadh, Saudi Arabia, to ‘BBB+’ from ‘A-’ due...

Read More
Saudi-Hollandi Bank faces negative outlook
May25

Saudi-Hollandi Bank faces negative outlook

Capital Intelligence Ratings (CI Ratings), the international credit rating agency based in Cyprus, announced [25 May 201] that it has affirmed the ratings of Saudi Hollandi Bank (SHB), an award winning major bank based in Riyadh, Saudi Arabia. The Financial Strength Rating (FSR) is maintained at ‘A’, underpinned by continuing improvement in asset quality, strong growth in customer deposits (with consequent improvement in loan-based...

Read More
West weighs risks in Iran-Saudi escalation
Jan03

West weighs risks in Iran-Saudi escalation

As the West, Europe in particular, weighs the risks emerging from the diplomatic escalation between Saudi Arabia and Iran, the possibility of an actual—armed—confrontation between the two countries is among the spectres that seem increasingly hard to dispel. Saudi Arabia is already bogged down militarily in Yemen, along with some of the more enthusiastic partners in its coalition, and has faced charges of crimes against humanity. The...

Read More
Tweet