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Wed, Nov 29 2023
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Moody's

Moody's: Non-Oil Activities Contributions to GDP Still Going Strong
Moody's is an American financial services company
Business

Moody’s: Non-Oil Activities Contributions to GDP Still Going Strong

  Moody’s, a financial services company, issued its report on the preliminary statement of the Saudi 2024 budget projections. Despite a 6.5% decline in oil production for the current year until the end of September compared to the corresponding period last year, the contribution of non-oil activity to the Kingdom’s…

  • October 6, 2023
Saudi Arabia launches bid to attract $10 billion in supply chain investment
Saudi Arabia launches bid to attract $10 billion in supply chain investment
Business

Moody’s expects the first Saudi budget surplus in 9 years

Saudi budget will have a surplus of 4.8 percent of GDP this year and 5.2 percent next year, breaking an eight-year streak of budget deficits that began in 2014, according to Moody’s. Based on the Kingdom’s continued commitment to improving spending policy, “Moody’s” updated its credit opinion on the Kingdom,…

  • June 8, 2022