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Major Fitch rating boost for BatelcoGlobal rating agency Fitch Ratings has assigned Batelco's dollar notes, issued by Batelco International Finance No 1 Limited, a final rating of 'BBB-'. The notes are guaranteed by Batelco. The final rating follows a re More… |
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Mumtalakat boost as Fitch affirms ratingsFitch Ratings has affirmed Bahrain Mumtalakat Holding Company's Long-Term Issuer Default Rating (IDR) and senior unsecured rating at BBB, said a report. Fitch has also affirmed Mumtalakat's Short-Term IDR at F3. The outloo More… |
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Bahrain real estate 'sees moderate growth'Bahrain’s real estate sector is on the verge of moderate growth, and is expected to grow at 3.5 per cent, said a top official. "Real estate investment is considered to be the main driver behind economic growth," th More… |
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New Islamic banks in Oman 'facing challenges'New Islamic banks set up in Oman will struggle initially to compete with established conventional banks offering Sharia-compliant services when the country opens up its banking sector, according to Fitch Ratings. "While there More… |
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Fitch ratings boost for Mumtalakat sukukBahrain Mumtalakat Holding Company's three billion ringgit ($981 million) Malaysian sukuk murabahah programme has been assigned a BBB grade by Fitch Ratings agency. The final rating is the same as the expected rating reflectin More… |
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Jafza gets Fitch ratings upgradeFitch Ratings has upgraded Jebel Ali Free Zone's (Jafza) long-term Issuer Default Rating (IDR) to 'B+' from 'B' and removed it from Rating Watch Positive (RWP) where it was placed on June 1, 2012 and has given it a stable outlo More… |
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Emirates NBD requests ratings withdrawalEmirates NBD has announced that it has requested Fitch Ratings and Moody’s Investors Service to withdraw their ratings on Dubai Bank. Following the completion of the takeover of Dubai Bank by Emirates NBD, all capital an More… |
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Govt spending to boost construction in MenaThe construction sector in the Mena region will continue to be supported by government spending in Saudi Arabia, Qatar and Abu Dhabi in 2012, said a new report from Fitch, the global ratings agency. These markets have undertaken massive in More… |
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Top Qatari bank gets stable outlookFitch Ratings has assigned Qatar International Islamic Bank (QIIB) a long-term foreign currency Issuer Default Rating (IDR) of 'A-' with a stable outlook. The agency also gave the bank a short-term IDR of 'F2', Individual Rating of 'C/D', More… |
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Fitch reaffirms stable outlook for GIBBahrain-based Gulf International Bank's (GIB) long-term issuer default rating has been reaffirmed by Fitch ratings at A, with a stable outlook. GIB's short-term issuer default rating was reaffirmed at F1, Fitch's highest short More… |
