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الاقتصادية
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الاقتصادية

2026-09-11T21:49:19.559Z

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Energy Ministry Halts East-West Pipeline After Attacks

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Energy Ministry Halts East-West Pipeline After Attacks

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Oil exceeds $100 after 4 months

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Oil exceeds $100 after 4 months
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S&P Maintains Saudi Rating Amid War Risks

S&P Maintains Saudi Rating Amid War Risks

S&P Global Ratings has expected Saudi Arabia's credit rating to remain at (+A) with a stable outlook, despite ongoing tensions between the United States and Iran and the impacts of the attacks on the East-West pipeline. The agency indicated that the Saudi economy is projected to contract by 0.9% in 2026 due to declining oil production and sluggish non-oil growth, before recovering by 8.2% in 2027 as production increases. An average growth rate of 3.3% is anticipated for 2028 and 2029. It also confirmed that fiscal management flexibility, increased refining and storage capacities, and rising oil prices are helping to support the economy and mitigate the effects of geopolitical tensions, with expectations of achieving fiscal balance as the deficit diminishes to 3.4% in the coming years.

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