IMF Nods to KSA’s Vision 2030, Awaits Supporting Policies

The International Monetary Fund has applauded Saudi Arabia’s economic reform program under Vision 2030 as being “an appropriately bold and far-reaching transformation of the Saudi Arabian economy.” IMF said ensuring the success of the long-delayed reforms announced last month will Read more

Iran Seeks Compensation for US “Hostile Actions, crimes”

The Iranian parliament has requested that the government should demand for compensation from the US for its “hostile actions and crimes” towards the country for the past 63 years. The law voted by the parliament on Tuesday accused the US Read more

Moody Downgrades KSA, Warns of Increasing Debt in Future

Over the weekend, credit rating company Moody’s downgraded Saudi Arabia by a notch from Aa3 to A1 citing that “a combination of lower growth, higher debt levels and smaller domestic and external buffers leave the Kingdom less well positioned to Read more