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Business

Delivery Day-one Reliability: John Crane validates more than 58,000 assets to enable predictive maintenance at a Saudi gas storage facility

John Crane Performance Plus™ modular framework establishes a complete SAP maintenance data build, enabling reliable operations from day one and supporting long term asset performance Saudi Arabia, 16 April 2025: John Crane, a global leader in flow control technologies and an innovator in solutions for rotating equipment, and a business of Smiths Group plc., has supported a gas storage facility in Saudi Arabia ahead of commissioning by building a complete maintenance data set in Systems, Applications and Products in Data Processing (SAP) to support long-term asset reliability. The project was delivered through John Crane’s Re

Business

Fitch Affirms Saudi Arabia’s Credit Rating at ‘A+’ with Stable Outlook

Riyadh, January 17, 2026, SPA — Fitch Ratings has affirmed Saudi Arabia’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘A+’ with Stable Outlook. The affirmation reflects the Kingdom’s strong fiscal and external balance sheets, with government debt-to-GDP and sovereign net foreign assets (SNFA)considerably stronger than the medians for both the ‘A’ and ‘AA’ rating categories, alongside substantial fiscal buffers in the form of deposits and other public sector assets. Fitch projects that GDP growth will reach 4.8% in 2026, while the fiscal deficit is expected to narrow to 3.6% of GDP