S&P upgrades Saudi credit rating due to socioeconomic and capital market reforms
On March 14, 2025, S&P Global Ratings revised its long-term foreign and local currency unsolicited sovereign credit rating on Saudi Arabia to 'A+' from 'A'. At the same time, we affirmed the 'A-1' short-term foreign and local currency unsolicited sovereign credit rating. The outlook is stable.
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Saudi adds to gaming portfolio with Pokémon Go
The Public Investment Fund (PIF), Saudi Arabia’s sovereign wealth fund, is set to pay $3.5 billion (€3.2 billion) to buy the gaming division of Niantic. The San Francisco-based software development company is best known for its mobile games Pokémon Go and Monster Hunter Now. -
Aramco CEO takes aim at current energy transition strategies
Aramco’s president and CEO has called for a fundamental shift in global energy transition planning, warning that the current approach risks severe economic and energy security consequences. -
Islamic Arts Biennale in Jeddah
The 2025 Islamic Arts Biennale, showcasing from January 25 to May 15 in Jeddah and titled And All That Is In Between (Wama Bainahuma), traverses both the historic and the contemporary, highlighting the diverse influences that have shaped Islamic cultures and global civilisations throughout history. -
Saudi Arabia celebrates Flag Day
Saudi Arabia started celebrating this historic moment as its Flag Day in 2023 when Custodian of the Two Holy Mosques King Salman issued a royal decree on March 1 that year designating March 11 every year as a special day to celebrate the national flag.
More From SUSTG
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Middle East (and KSA) top recipient of China’s BRI investment in 2024
The Middle East was the top recipient of construction and investment deals under China’s Belt and Road Initiative (BRI) in 2024, with the total value reaching $39 billion. -
Saudi Arabia’s 5th nationwide charitable giving campaign begins
King Salman bin Abdulaziz Al Saud approved the launch of the 5th National Campaign for Charitable Work on Friday, March 7, via the National Platform for Charitable Work (Ehsan), with donations continuing throughout Ramadan until the month's end to enhance charitable giving and maximize its impact. -
Egypt’s Gaza plan endorsed at Extraordinary Arab Summit in Cairo
Arab leaders on Tuesday endorsed Egypt’s postwar plan for the Gaza Strip that would allow its roughly 2 million Palestinians to remain, in a counterproposal to U.S. President Donald Trump’s plan to depopulate the territory and redevelop it as a beach destination. -
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Newly elected president of Lebanon makes Riyadh his first foreign visit
His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister, received at Al-Yamamah Palace on Monday President Joseph Aoun of the Lebanese Republic. An official reception ceremony was held in his honor. -
Jadwa Investment’s 2025 Saudi Economy report sees continued broad-based growth
Saudi Arabia’s non-oil economy continues to expand at a brisk pace. We forecast real non-oil GDP growth of 4.4 percent in 2025, firming from a preliminary 4.3 percent in 2024. Growth will be driven by both consumption and investment, with net exports a drag.
