Saturday 21 April 2018
 
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Higher oil prices ‘won’t impact GCC credit profiles’

The GCC countries' creditworthiness will remain driven by government responses to economic, fiscal and external challenges rather than the recent rise in oil prices, said Moody’s in a new report. "Our expectations f

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Higher oil prices ‘won’t impact GCC credit profiles’

The GCC countries' creditworthiness will remain driven by government responses to economic, fiscal and external challenges rather than the recent rise in oil prices, said Moody’s in a new report. "Our expectations f

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SR Technics closes $110 million credit facility

SR Technics, a world-leading MRO service provider, has announced the successful close of a $110 million senior multicurrency revolving credit facility (RCF) in cooperation with a group of leading Swiss banks. The RCF contains the

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UAE bank credit to industries hits $2bn in two months

Lending by UAE banks for industrial and business operations amounted to Dh7.4 billion ($2 billion) during the first two months of the year, marking a growth of 1 per cent over the end of last year, a media report said. This brings

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UAE bank credit to industries hits $2bn in two months

Lending by UAE banks for industrial and business operations amounted to Dh7.4 billion ($2 billion) during the first two months of the year, marking a growth of 1 per cent over the end of last year, a media report said. This brings

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Saudi key interest rate hikes credit positive: Moody's

The increase in two key interest rates by Saudi Arabian Monetary Authority (Sama), the central bank, are credit positive for Saudi banks because they will prevent Saudi investors’ and depositors’ capital outflows and p

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Saudi key interest rate hikes credit positive: Moody's

The increase in two key interest rates by Saudi Arabian Monetary Authority (Sama), the central bank, are credit positive for Saudi banks because they will prevent Saudi investors’ and depositors’ capital outflows and p

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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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Dubai Chamber seminar highlights advantages of letters of credit

The Dubai Chamber of Commerce and Industry recently hosted a seminar at its premises which aimed to enhance local businesses’ understanding of the key advantages and process associated with using letters of credit. The event

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UAE gross bank assets reach $733 billion

The UAE gross bank assets, including bankers’ acceptances, reached Dh2.688 trillion ($733 billion) at the end of January, reflecting a 0.3  per cent fall from Dh2.695 trillion at the end of prior-month, figures by the UAE Central Bank

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