The firm got top rating with a stable outlook from Moody's.
S&P gives Saudi economy positive rating after recovery
S&P has revised its outlook for Saudi Arabia from a stable to positive in the light of the recovery of the kingdom's economy from the pandemic, driven by higher oil prices.
Fitch says outlook on Moroccan banks’ operating environment stable
Fitch Ratings has upgraded to AA(mar)/Stable the rating of Morocco’s Attijariwafa Bank (AWB), one of the five Moroccan banks whose peer review was recently completed by the ratings agency and which account for approximately 77 percent of Morocco's banking system assets. AWB’s rating reflects the bank's extended record of resilient...Saudi inflation hovers at 1.2% despite spike in food prices
In spite of an increase in transport and food costs, inflation in Saudi hovered at 1.2 percent in January, according to the Kingdom’s General Authority of Statistics, also known as GASTAT.
Top Saudi Arabian companies pay stable to higher dividends in 2021
Saudi Arabia's 10 biggest companies witnessed the recovery of dividends paid out to investors in 2021, as the economy began to rebound from Covid-19 setbacks, although it remains to be seen how the Omicron variant will affect the gains. The 10 companies, valued at more than $2 trillion (SR 7.5...
Moody’s forecasts stable outlook for GCC banks
Moody’s has forecast a stable outlook for GCC banks during the next 12 to 18 months, primarily due to economic recovery in the region and higher oil prices.
Moody’s revises Saudi Arabia’s outlook to stable
The agency predicted the Saudi economy will return to positive growth in 2021, and the current account level will return to surplus as the fiscal deficit shrinks in 2021, accompanied by a reduction in the level of debt in the medium term.
Moody’s changes Oman economy outlook to Stable
Moody’s expects Oman’s current account deficit to decline below 4 percent of the GDP in 2021-23 from more than 13 percent in 2020.
UAE Central Bank to do away with Covid stimulus measures
The Central Bank of the United Arab Emirates has decided to gradually do away with all the stimulus measures introduced in the wake of the outbreak of the Covid infection in the country.Saudi Arabia to remain stable as oil prices boost economy: Fitch
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.
Dubai property market may be on a roll soon
The developer has reported a surge in pre-sales in the UAE to $2.85 billion S&P Global Ratings give Emaar Properties a stable outlook The Dubai property market might not be booming yet, but the first signs of recovery have begun to appear on the horizon. Emaar Properties, the developer of...
