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Amerigo Vespucci comes to Jeddah
PLUS: Investors + CEOs are bullish on this year’s growth prospects
Some SAR 2.6 bn sales contracts signed for projects in Khayala development
PLUS: First Mills received board approval for setting up a SAR 123 mn flour milling unit
Moody’s upgrades ratings for Saudi banks
Most banks’ outlook was also revised to stable from positive
Riyadh Metro’s Blue Line begins operations today
PLUS: PIF looking to cut portfolio companies’ budgets?
Moody’s upgrades Saudi Arabia’s sovereign credit rating to Aa3
The Kingdom’s rating is now on par with Hong Kong and Belgium
Moody’s sees Saudi economy growing at 1.7% this year and 4.7% in 2025
Government-backed diversification initiatives are expected to be the main driver for growth next year
Household mortgages climbed to SAR 607 bn in 2023
Megaprojects and a push for homeownership are set to drive lending growth
Moody's gives the Kingdom’s local and foreign currency rating a boost to Aa1
All thanks to improved government decision-making and institutional reforms
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