GCC can turn net zero pursuit into opportunity
The current low share of renewables in the energy mix of GCC nations increases the potential for significant investment in this sector, says a report.
Stable credit conditions make GCC firms resilient
Gulf companies benefit from supportive credit environments, ensuring resilience in 2024 despite global economic challenges and geopolitical risks, says a report.KSA, Kuwait lead as Islamic banking prospers in GCC
With the support of Vision 2030 projects and a surge in real estate lending, the banking sector's performance in the Gulf region has been commendable, says a report.Expansion may offer limited economic boost to BRICS
The anticipated inclusion of six nations into BRICS, including Saudi Arabia and UAE, is expected to ease tensions among them, and foster increased bilateral collaboration.Rise in foreign sukuk offset by local currency decline
Saudi Arabia's reduced banking liquidity and lower oil prices have led to a decline in local currency sukuk, but a surge in foreign currency issuances, says a report.Rise in foreign sukuk offset by local currency decline
Saudi Arabia's reduced banking liquidity and lower oil prices have led to a decline in local currency sukuk, but a surge in foreign currency issuances, says a report.
S&P, Moody’s revise Saudi Arabia’s outlook to ‘positive’
Riyadh, Saudi Arabia -- The global credit rating agency S&P Global Ratings updated its credit report for Saudi Arabia, raising its long and short-term foreign and local currency sovereign credit ratings to 'A/A-1' with a stable outlook, the Saudi Press Agency (SPA) reported Friday. Moody's, a rival ratings agency, also stated that Saudi Arabia's plans will support it despite fluctuating oil prices and a global shift to renewable energy. Moody's also has changed the kingdom's...GCC insurance sector growth may slow down this year
The expansion of infrastructure investment and medical insurance coverage will continue to drive premiums in 2023, albeit at a slower pace than in 2022, reports suggest.
Inflation, geopolitics might worsen credit conditions: S&P
The credit ratings agency has said the prospects for global economic growth have softened, even if it was to a modest extent.
‘Transparency key to success for corporates in MENA’
Good corporate governance and best practices have been driving the shift in the regional market, says Jamal Fakhro, Managing Partner at KPMG Bahrain, in an exclusive interview
S&P assigns ‘AA-’ issuer rating to Emirates Development Bank with ‘stable’ outlook
EDB has also been assigned a “gcAAA” long-term GCC regional-scale rating
ADX lists US$1 billion bonds issued by Abu Dhabi Ports
The 10-year bonds, with a primary listing on the London Stock Exchange, rated A+ (stable) by both S&P and Fitch Bond issuance attracted strong global interest, says CEO Abu Dhabi Ports Abu Dhabi Securities Exchange (ADX) on Thursday announced that it has listed US$1 billion of bonds issued by Abu...Abu Dhabi economy to recover to 2019 levels in 2023: S&P
Abu Dhabi economy to recover modestly in 2021 courtesy increased business activity and higher oil prices Emirates' rating could improve if it implements measures to boost its monetary policy Abu Dhabi's economy will improve in 2021 on the back of increased business activity and higher oil prices, but the actual...
