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- Saturday . January 25, 2025
Washington: U.S. President-elect Donald Trump has nominated billionaire investor and fund manager Scott Bassant as his choice for Treasury Secretary. The nomination follows the withdrawal of Rep. Matt Gaetz from consideration for Attorney General.
Moody’s Ratings has upgraded Saudi Arabia’s credit rating to “Aa3” in both local and foreign currency, with a “stable” outlook. This upgrade reflects the Kingdom's successful efforts in diversifying its economy, particularly the significant growth in its non-oil sector, which is expected to reduce reliance on the oil market and mitigate the impact of long-term carbon transitions on the economy and public finances.
The GASTAT report indicated that Saudi Arabia’s seasonally adjusted real GDP increased by 0.9% in Q3 2024. Non-oil activities experienced significant growth, rising 4.3% year-on-year and 0.7% quarter-on-quarter compared to Q2 2024. This performance highlights the Kingdom’s successful efforts to diversify its economy beyond oil.
Two industry leaders aim to redefine advertising through consolidation, innovation, and global reach.
In an effort to support its faltering economy, Venezuela is moving forward with infrastructure projects in its environmentally delicate areas, such as the Orinoco Basin, the Amazon rainforest, and coastal wetlands. But the projects which include urbanization, highways, and dams are raising questions about how they can affect the country's ecosystems, which are rich in biodiversity.
Strategic Agreement to Deepen Economic Ties and Strengthen Key Sectors
Saudi Arabia introduces new rules to simplify the business registration and registration process for businesses.