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Mena banks’ outlook 'in sharp contrast'The outlook for banks across the Mena region signals a diverging trend, with stable prospects for GCC banks contrasting with unsettled conditions in rest of Mena region, a report said. The outlook is split between the buoyant oper More… |
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Global investments ‘major boost for Bahrain’Bahrain is supported by its strongly positive net international investment position, which was 83 per cent of GDP at the end of 2012, a top rating agency said. "Moreover, the current account balance has consistently been in s More… |
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GCC insurance market ‘to see rapid premium growth’The GCC insurance market has been one of the fastest growing regions for insurers, with average annual revenue growth of 16.8 per cent over the past six years, and will see significant further growth over the near to medium term, a report said. More… |
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NBAD, NBK top safest banks' listNational Bank of Abu Dhabi (NBAD) and National Bank of Kuwait (NBK) have been ranked as the world’s safest banks for 2013 by Global Finance magazine from the Middle East and Africa region. The others in the Top 10 list include Qat More… |
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DIB ratings receives Moody’s affirmationDubai Islamic Bank Group (DIB) has announced that its long term issuer ratings have been affirmed by Moody’s at Baa1. The bank ratings, put on a review late last year when Moody’s took action on all major Dubai-based b More… |
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Sterling hits 2-1/2 year low vs dollar on rating cutSterling hit a two-and-a-half year low against the dollar and a 16-month trough against the euro on Monday after ratings agency Moody's stripped the UK of one of its prized triple-A ratings, rounding off a week of woe for the currency. More… |
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Olympics: Moody's sees short-term boost for UKThe Olympic Games in London this summer will likely provide only a temporary boost to corporate earnings, credit ratings agency Moody's said on Tuesday. Britain, which went back into recession at the start of More… |
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Moody's downgrades Shuaa with negative outlookMoody's Investors Service has downgraded the long-term foreign and domestic currency issuer ratings of Dubai-based bank Shuaa Capital by one notch to B1 from Ba3 and assigned negative outlook to the ratings. The non prime short-term rating More… |
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ME insurer ratings 'to stay constrained'The ratings of insurers in the Middle East will remain constrained over the next 12 to 18 months, due to the concentrated and highly correlated investments in the local real-estate and equity markets, a Moody's Investors Service report said. More… |
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Moody's downgrades Shuaa CapitalMoody's Investors Service has downgraded the long term foreign and local currency issuer ratings of Shuaa Capital by one notch to Ba3 from Ba2 and placed them on review for further downgrade. The non-prime short term ratings are affirmed. More… |
