Sunday 31 August 2014
 
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S&P

Adnic wins top ratings from international agencies

Abu Dhabi National Insurance Company (Adnic), a leading provider of insurance solutions for individuals and corporates, has won an A (excellent) rating with a stable outlook and an A- rating with a positive outlook from leading international age

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Basel III revision 'to boost Islamic finance industry'

The Islamic Financial Services Board’s (IFSB) revised capital requirements for Bassel III could help strengthen the Islamic finance industry, according to a recent Standard & Poor's Ratings Services report. The repor

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Forum to explore Saudi bond issuance challenges

The opportunities and challenges facing conventional and Islamic bond issuance in Saudi Arabia will be discussed at a forum to be held in Riyadh tomorrow (April 1).   The forum, hosted by Standard & Poor&rsqu

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Emaar's retail spin-off plan 'won't affect rating': S&P

Standard & Poor's plans no rating action relating to Dubai's Emaar Properties after the emirate's largest listed developer announced plans to spin off its retail unit, an analyst covering the company said on Monday.

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S&P upgrades Emaar corporate credit ratings

The long-term corporate credit rating on Emaar Properties, a leading developer, has been upgraded by Standard & Poor’s Rating Services to ‘BBB-’ from ‘BB+’ with a stable outlook. The rating reflec

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Low-risk Saudi market to lure foreign investors

Saudi Arabia has been ranked 14th among low-risk credit markets on a list of 76 countries published by a global ratings agency, which would help attract more foreign investors, said a top economist. The kingdom holds 15th position

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Sharjah gets big credit ratings boost

Sharjah's credit ratings received a major boost when two leading international rating agencies Moody’s and Standard & Poor’s (S&P) affirmed long-term ratings on the emirate with a stable outlook. Moody'

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Islamic banks' growth to continue in GCC

Islamic banks are likely to grow faster than their conventional counterparts and increase their share of GCC banking system assets for the foreseeable future, said a report. But profitability rates for the two banking models are c

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S&P cuts key Nokia ratings

Standard & Poor's downgraded Nokia further into junk territory, warning that the Finnish telecom firm's plan to take over Siemens' stake in their joint network equipment venture would strain its finances. The ratin

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S&P revises US credit rating

Credit rating agency Standard & Poor's has upgraded its credit outlook for the US government to "stable" from "negative," reducing the threat of a further downgrade to the country's sovereign rating.

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