Yemen Participates in International Conference on Mine Action and Recovery
The Republic of Yemen participated in the International Conference on Innovations and Technology for Mine Action and Recovery, held in Tokyo, Japan. The conference was organized by the United Nations Development Programme (UNDP) and the Japan International Cooperation Agency (JICA).
Bulgaria's Tourism Minister Emphasizes Sustainable Development
Bulgaria's Tourism Minister Miroslav Borshosh emphasized the importance of integrating the tourism sector into blue and green economies to ensure sustainable development and environmental protection. Speaking at the Black Sea 2030: Partnership for a Sustainable Future International Forum, Borshosh highlighted the need for joint efforts among the state, local authorities, and businesses to protect the coastline and stimulate innovation.
GCC-STAT: Positive growth for GCC economies in 1Q
The economies of the Gulf Cooperation Council (GCC) countries recorded positive growth during the first quarter of 2025, reflecting the continued economic stability and sustainable development trajectory in the region.
Morocco wins Under-20 Youth World Cup title
The Moroccan national team won the FIFA U-20 World Cup title after defeating Argentina 2-0 in the final of the tournament hosted by Chile.
User Name: Password:
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.


GCC-STAT: Positive growth for GCC economies in 1Q
Turkish Central Bank lowers interest rate to 39.5 percent
IsDB celebrates issuance, listing of green Sukuk worth 500 million euros
Chinese Central Bank conducts direct reverse repurchase operation worth 600 billion yuan
Oil Prices Stabilize Amid Global Demand Optimism
Gold exceeds $4000, achieves new weekly gains
Gold surpasses $3,900 per ounce for first time
Russian central bank announces currency exchange rates against ruble
Oil rises from its lowest level in 16 weeks
Total of Korean companies grows in 2024 despite industrial companies decline

About Saba News Agency | Usage Agreement | Contact Us