Tuesday 14 August 2018
 
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S&P

S&P affirms positive credit rating, outlook for Sharjah

The global credit ratings agency Standard & Poor’s (S&P) has recently reaffirmed the positive outlook of Sharjah’s economy, granting it ‘stable’ sovereign credit rating of BBB + / A-2in terms of local and foreign

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Global sukuk issuance falls 15pc in H1 to $44bn

Global sukuk issuance reached $44.2 billion during the first half of 2018, as against $52.2 billion recorded during same period of 2017 marking a fall of 15.3 per cent, said S&P Global Ratings in a new report. This drop was ev

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Saudi grants S&P Global 100pc foreign ownership license

S&P Global Ratings was awarded a 'Saudi Arabia 100 per cent Foreign Owned Investment License' in a ceremony at the Saudi-British Business Forum 2018 in London. S&P Global Ratings opened its branch in Riyadh in Octo

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Abu Dhabi's GDP set to hit $231bn in 2017

Standard & Poor’s has forecast Abu Dhabi GDP to rise to Dh850 billion ($231.3 billion) and Dh890 billion ($242 billion) at current prices in 2017 and 2018 respectively, attributing the growth to the momentum witnessed by the oil and no

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GCC Islamic insurance growth slows to 1pc in 2016

Following years of annual growth in gross premiums of up to 20 per cent in the Islamic insurance sector in the GCC, growth slowed significantly to less than 1 per cent in 2016, said S&P Global Ratings in a new report. The slow

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Mena sovereign ratings continue decline

Overall sovereign creditworthiness in the Mena region has continued to deteriorate, according to a report from S&P P Global Ratings, a leading provider of independent credit ratings. The report titled "Middle East And Nor

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Saudi's balance sheet 'strong' despite low oil

Saudi Arabia's balance sheet will remain strong between 2016 and 2019, despite the sharp fall in oil prices in recent times, according to a report by Standard & Poor. The ratings agency affirmed an ‘A-/A-2’ rat

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S&P affirms Abu Dhabi ratings; outlook stable

S&P Global Ratings has affirmed its 'AA' long-term and 'A-1+' short-term foreign and local currency sovereign credit ratings on the UAE Emirate of Abu Dhabi. The outlook is stable, it said. The r

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Wall Street stays on record-setting run

Upbeat company earnings lifted US and European stock prices on Wednesday, with the Dow and S&P 500 setting record highs, while the dollar reached a four-month peak on bets the US Federal Reserve may raise interest rates by year-end.

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Mena sovereign ratings continue decline: S&P

Overall sovereign creditworthiness in the Mena region has continued to deteriorate in 2016, an S&P Global Ratings report said. Titled “Middle East And North Africa Sovereign Rating Trends Mid-Year 2016”, the S&

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