S&P

Growing ties between Saudi Arabia and China could potentially shift oil trade between the two nations to the Chinese currency, the renminbi, according to a report by S&P Global. Recent discussions about China paying for Saudi oil in…
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Global sukuk issuances reached $91.9 billion in the first half of 2024, marking a marginal year-on-year increase of 0.87 percent, driven by issuers from Saudi Arabia and the UAE. According to the latest report from S&P Global,…
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International economic growth showed resilience in June, maintaining the second-highest level observed in the past 13 months, according to S&P Global’s latest report based on the Purchasing Managers’ Index. The JP Morgan global…
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Saudi Arabia’s non-oil private sector showcased robust growth in June, driven by increased demand, higher output levels, and a rise in employment, according to a report. The latest S&P Global Purchasing Managers’ Index showed that…
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Saudi Arabia’s first-quarter current account surplus widened to SR28.6 billion ($7.6 billion), up 75.46 percent from the previous quarter, driven by strong services exports, an analysis showed. According to S&P Global Market…
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A strong stock of government financial assets has cemented Kuwait’s standing as it secures an ‘A+’ rating from Standard & Poor. In its latest report, the global rating agency affirmed Kuwait’s sovereign rating with a stable outlook,…
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Saudi Arabia’s private sector non-oil growth remained steady in May, with the Kingdom’s Purchasing Managers’ Index reaching 56.4, a slight decline from 57 in April, official data showed. According to the Riyad Bank Saudi Arabia PMI…
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China is at the forefront of providing affordable electric vehicles, supported by government backing and a wide range of low-cost options, according to a new study. Despite a global slowdown in the transition to EVs, a report by S&P…
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Bahrain’s commitment to fiscal consolidation has witnessed S&P Global Ratings reaffirm its “B+/B” credit standing with a stable outlook despite challenges in 2023. However, the agency added that the transfer and convertibility…
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A delay in interest rate cuts by the US Federal Reserve will see Gulf Cooperation Council banks’ profitability remain strong in 2024, according to S&P Global Ratings. This comes as most GCC central banks typically mirror Washington’s…
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