Standard and Poor’s cut Saudi Arabia’s credit rating by two notches on Wednesday, saying low oil prices would have a considerable impact on the country’s finances and economy.
“In our view, the decline in oil prices will have a marked and lasting impact on Saudi Arabia’s fiscal and economic indicators given its high dependence on oil,” said the ratings agency in a statement.
AFP
BEIRUT, LEBANON (12:00 P.M.) - On Friday, the United Arab Emirates announced the reopening of the land, sea and air...
The headquarters of the Saudi forces in Yemen's southern province of Abyan was hit by an explosion, the Yemeni Belqees...
BEIRUT, LEBANON (5:45 P.M.) - The commander of the Quds Force in the Iranian Revolutionary Guard, Ismail Ghaani, launched a...
BEIRUT, LEBANON (1:20 P.M.) - The Ansarallah Movement, also known as the Houthis, accused the Yemeni government of thwarting a new...
BEIRUT, LEBANON (5:10 P.M.) - One of the commanders of the Iranian Revolutionary Guard Corps, Brigadier General Amir Ali Hajizadeh,...
Read moreBEIRUT, LEBANON (5:00 P.M.) - A commentator on Israeli military affairs, Alon Ben David, wrote in the Maariv newspaper this...
Read moreBEIRUT, LEBANON (4:40 P.M.) - Iran has once again reverse engineered an Israeli weapon that was likely transferred to them...
Read moreBEIRUT, LEBANON (4:30 P.M.) - On Friday, the European Union added the new Syrian Foreign Minister, Faisal Al-Miqdad, to the...
Read more
BEIRUT, LEBANON (7:00 P.M.) - The Russian Aerospace Forces carried out a series of airstrikes in different parts of Syria...
Read moreBEIRUT, LEBANON (7:00 P.M.) - The Russian Navy's Baltic Fleet's platoon entered the Syrian port of Tartus as part of...
Read moreBEIRUT, LEBANON (8:10 P.M.) - The head of the Israeli National Security Research Institute, Major General (res.) Amos Yadlin, said...
Read moreBEIRUT, LEBANON (11:00 P.M.) - Earlier tonight, the Aleppo countryside witnessed a number of powerful explosions, following a drone attack...
Read more
Al-Masdar Al-‘Arabi (The Arab Source) is dedicated to providing the latest news and analysis from the Arab world.
Launched in August 2014, Al-Masdar News is an independent media service free from any political or corporate funding, sponsorship, or association. This allows us to report on current events free of any bias or prejudice.
