Dubai, UAE - The UAE's $1.5 billion bond issue saw five times oversubscription, attracting over $7.4 billion in bids, the Ministry of Finance announced on Monday. The 10-year bond, with a yield of 4.917%, will list on the London Stock Exchange and Nasdaq Dubai, maturing in September 2033.  The allocation...

The company achieved property sales of $5.5bn in the period.

Dubai, UAE -- Fitch Ratings has recently upgraded its Saudi Arabia’s rating to 'A+' with a Stable Outlook. The agency indicated in its report that this rating upgrade reflects the kingdom's strong fiscal and external balance sheets with large sovereign net foreign assets compared to ‘AA’ median and debt/GDP half...

More than 17,500 people have died so far in the 7.8-magnitude earthquake that struck Turkey and Syria.

Fitch and Capital Intelligence agencies also continued to rate Qatar's sovereign rating at the level of AA with a stable outlook, which reflects Qatar's strong creditworthiness.

Its existing Sukuk valued $350m was issued in June.

Subsidies on basic goods are a highly sensitive political issue in Tunisia, where a public finance crisis has caused repeated shortages of subsidised flour, sugar and other basic goods in recent months. The North African country is years into a grinding economic downturn exacerbated by inflation that hit nine percent...

The failure to flesh out her economic plan failed to calm the jittery markets, however, and the pound slid 2.01 percent against the dollar, falling to as low as $1.1241 after her address.

S&P Global Ratings said that boosting the country's credit score of foreign debt to CCC+ "reflects strong committed international financial support to Ukraine."

GCC countries have witnessed financial surpluses in their budgets for the first time in a long time on the back of increase in oil prices, strengthening their credit ratings.

The government spending, partly supported by significant revenues from government assets, have enabled Ras Al Khaimah to diversify its economy, says the latest Fitch report.

The deal has been listed on the London Stock Exchange.

The bank, which is a key financial enabler of the UAE’s economic diversification and industrial transformation agenda, has also been assigned an ‘aa-’ Government Support Rating (GSR).

The international credit rating agency ”Fitch” updated its credit report for Saudi Arabia affirming its “A” rating for the Kingdom and revising the stable outlook from its July 2021 rating to positive. The outlook revision reflects the Kingdom's improvement in its sovereign balance sheet due to higher oil revenues resulting...

Credit rating agency S&P Global Ratings on Saturday downgraded Russia's foreign currency payments rating to "selective default" after Moscow paid a dollar-denominated debt in rubles this week.

Saudi corporates’ funding mix is evolving, with the debt capital market for firms increasing noticeably and averaging a 10 percent increase year-on-year, Fitch Ratings said in a new report.

The GCC countries are among the most notable ones that credit rating agencies frequently recognize since they are the center of investors' attention.

Sukuk momentum is expected to continue over the medium term supported by intact investor appetite, funding diversification and refinancing needs, Fitch Ratings has said in a report. “Sukuk supply-demand imbalance will continue to be a key growth factor but not without headwinds,” said Bashar Al-Natoor, Global Head of Islamic Finance,...

Thanks to a boost it received from higher oil prices, Fitch has revised its outlook for Saudi Arabia from negative to stable, and also reaffirmed the kingdom’s sovereign ratings.

  ADQ, one of the largest holding companies in the region, have been assigned these long-term issuer credit ratings that both mean “stable,” said the reports The credit ratings are reportedly on par with the Abu Dhabi government’s credit ratings, said the reports Global credit ratings agencies Moody’s and Fitch...

EDB rated ‘AA-’ by S&P Global Ratings and Fitch with Outlook Stable The bond issue was subscribed 4 times, resulting in the order book reaching over US$3 billion Emirates Development Bank (EDB), a key financial enabler of the country’s economic diversification and industrial transformation agenda, has successfully closed its $750...