Yemen Participates in 19th Meeting of CEDARE Board of Trustees in Virtual Session
Minister of Water and Environment, Tawfik Al-Sharjabi, represented the country in the 19th meeting of the Board of Trustees of the Center for Environment and Development for the Arab Region and Europe (CEDARE) held virtually today.
Massive 7.0 Magnitude Earthquake Strikes Alaska, USA
A powerful 7.0 magnitude earthquake struck Alaska, USA, yesterday evening, according to the United States Geological Survey (USGS).
African Development Bank supports transport infrastructure in Somalia with $76 million
The African Development Bank has approved additional funding of $76.37 million for the road infrastructure program in Somalia, which is a key component of the Horn of Africa Corridor project connecting Somalia, Djibouti, and Ethiopia.
CAF Unveils Official Mascot for 2025 Africa Cup of Nations in Morocco
The Confederation of African Football (CAF) and the Local Organizing Committee unveiled the official mascot for the 2025 Africa Cup of Nations in Morocco, named "Asad" (Lion), embodying a symbol of African pride and passion for football.
Last Update: ،
2025/12/14
Time
05:17:20
Latest News:
Foreign Minister meets with Austria's Special Envoy
Maj. General al-Zubaidi briefed on health services in government-held governorates
Minister al-Soqatri Discusses with World Food Program Support for Agricultural, Fisheries Sector Projects
Guterres: What Hadhramaut is witnessing is a dangerous development, Houthis' arrest of UN employees unacceptable
Leadership Council Member Maj. General al-Zubaidi inspects work at Ministries of Information, Agriculture
Latest News:
Foreign Minister meets with Austria's Special Envoy
Maj. General al-Zubaidi briefed on health services in government-held governorates
Minister al-Soqatri Discusses with World Food Program Support for Agricultural, Fisheries Sector Projects
Guterres: What Hadhramaut is witnessing is a dangerous development, Houthis' arrest of UN employees unacceptable
Leadership Council Member Maj. General al-Zubaidi inspects work at Ministries of Information, Agriculture
Standard & Poor's raises Jordan's credit rating to BB for the first time in 21 years
[07/09/2024 04:29]
AMMAN-SABA
Standard & Poor's has affirmed the Hashemite Kingdom of Jordan's long-term sovereign credit rating in national and foreign currency from B+ to BB – with a stable outlook.
The Jordan News Agency (Petra) reported that the rating comes from Standard & Poor's for the first time in 21 years despite external global and regional shocks.
Standard & Poor's pointed out in its report that the rating hike came as a result of the public financial management remaining on track despite the challenges facing the government due to the war on Gaza and achieving its goals during the past year to reduce the ratio of primary deficit to GDP is one of the important factors that prompted the agency to raise Jordan's credit rating.
It reported that the upgrade also came as a result of "the government's adoption since 2019 of a set of structural reforms that contributed to expanding the tax base and improving the business environment, which has enhanced the ability to grow economically, according to the agency, and will put the public debt on a downward path in the coming years," in addition to the strong international support that Jordan enjoys.
On the monetary front, the agency noted that the rise in Jordan's total foreign reserves to $ 18.7 billion at the end of June 2024, would support the exchange rate peg to the dollar, and that the decline in the inflation rate to reach 1.7 percent in the first half of 2024 after reaching 3.0 percent during the same period in 2023 came due to lower housing and transportation costs.
Standard & Poor's has affirmed the Hashemite Kingdom of Jordan's long-term sovereign credit rating in national and foreign currency from B+ to BB – with a stable outlook.
The Jordan News Agency (Petra) reported that the rating comes from Standard & Poor's for the first time in 21 years despite external global and regional shocks.
Standard & Poor's pointed out in its report that the rating hike came as a result of the public financial management remaining on track despite the challenges facing the government due to the war on Gaza and achieving its goals during the past year to reduce the ratio of primary deficit to GDP is one of the important factors that prompted the agency to raise Jordan's credit rating.
It reported that the upgrade also came as a result of "the government's adoption since 2019 of a set of structural reforms that contributed to expanding the tax base and improving the business environment, which has enhanced the ability to grow economically, according to the agency, and will put the public debt on a downward path in the coming years," in addition to the strong international support that Jordan enjoys.
On the monetary front, the agency noted that the rise in Jordan's total foreign reserves to $ 18.7 billion at the end of June 2024, would support the exchange rate peg to the dollar, and that the decline in the inflation rate to reach 1.7 percent in the first half of 2024 after reaching 3.0 percent during the same period in 2023 came due to lower housing and transportation costs.
Key words:
SABA Standard - transportation - international - government's - economically - Standard - contributed - environment - structural - challenges -
African Development Bank supports transport infrastructure in Somalia with $76 million
Gold Prices Stabilize as Investors Await Key US Data Release
South Korea's exports rise 8.4 percent in November
Gold stabilizes near its highest in two weeks
Saudi-French Businesses Forum kicks-off its sessions
More than 1,500 flights canceled in U.S. amid ongoing government shutdown
China's foreign exchange reserves rise to $3.3433 trillion
Oil declines amid concerns of possible oversupply
Oil declines after trade developments between United States and China
GCC-STAT: Positive growth for GCC economies in 1Q
