Out of bounds
criticize the Standard & Poor's decision to downgrade
Saudi Arabia criticized the decision of Standard & Poor's cut its credit rating, but may find it difficult to reassure worried about the damage that may affect the public finances of the Kingdom as a result of falling oil prices markets. And reduced the Standard & Poor's credit rating sovereign long-term Saudi Arabia's foreign and local currencies to A + / A-1 from AA- / A-1 + As she put down to "a clear negative shift" in public finance balance of Mmlkh.oobakt Standard & Poor's negative outlook about Kingdom said it may reduce them again during the next two years if the government failed to reduce the budget deficit dramatically.
In a statement carried by the official Saudi Press Agency on Saturday, the Finance Ministry said that the reduction is not justified.
The statement continued that the Kingdom is the assessment made by the agency "is a the reaction of hasty and unjustified and not supported by the facts, where the agency based its assessment on a temporary and unsustainable factors as there was no adverse change in the fundamental factors that usually require change the assessment. "
source company: opportunities for renewable energy in the Middle East and North Africa
Chief Executive of the company, "the source," the UAE Clean Energy horror Ahmed said that policy changes due to the change Almnacha- with countries seeking to diversify its sources of Energy-enabled investment opportunities in the field of renewable energy in the Middle East and North Africa. The horror, told Reuters in Paris that the countries in the region develop increasingly targets in the field of renewable energy in the energy mix has with the growing demand which is a support for investments in solar and wind energy projects.
He added in an interview, "When Abu Dhabi has developed a couple of years the goal of producing seven percent of the energy before from renewable sources by 2020 .. did not have one in the region of any renewable energy special goal. Today, being identified targets in Jordan, Morocco and others.
"He says," What we have observed is a great interest in renewable sources of energy on the part of many governments during the past two years. We noticed a lot of changes in policies, including allowing investors to enter this area. "
recorded the best monthly performance in four years
US stocks posted their best monthly performance in four years, despite the termination of the session amid contrast to a decline in corporate earnings.
The index Dow Jones Industrial Average 92.26 points, missed Friday equivalent to 0.52 percent to 17663.54 points. The index S & P 500 by 10.05 points or 0.48 percent to hit 2079.36 points.
Also The Nasdaq index 20.53 points, or 0.4 percent compound to reach 5053.75 points.
During October, the three major indexes posted the biggest gain her percentage points since October 2011 and rose Standard & P 500 by 8.3 percent and the Dow Jones rose 8.5 percent and the Nasdaq rose 9.4 percent.
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