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Islamic finance growth seen robust despite low sukukNew sukuk issuance continues to remain subdued in 2016, but growth prospects for the Islamic finance sector are still strong, says Moody's Investors Service in a report published today (September 21). "Growth in the Islam More… |
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Emerging market debt triples since 2005, posing threatDeveloping countries have nearly tripled their external debt over the past decade, outpacing economic growth and increases in foreign exchange reserves - which could leave them open in the future to a "systemic crisis", ratings agency More… |
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Moody's upgrades Emaar ratings, outlook stableMoody's Investors Service has today (June 16) assigned a Baa3 long-term issuer rating to Dubai-based real estate developer Emaar Properties and confirmed a stable outlook on all ratings. Concurrently, Moody's has upgraded More… |
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Moody’s changes UAE outlook to negativeMoody’s recently confirmed the UAE's Aa2 rating and changed the outlook from stable to negative reflecting the lack of clarity around the formulation and implementation of government policies to arrest and reverse the large deficits an More… |
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NBK's capital increase ‘to support business growth’National Bank of Kuwait’s decision to increase its capital by 6.5 per cent would be a positive as it will enhance the bank’s capital adequacy ratios ahead of a full implementation of the Central Bank of Kuwait’s Basel III cap More… |
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Insurance CFOs ‘positive on increasing profitability’More than half of the chief financial officers (CFOs) of 15 GCC insurers expect the growth in their company's operating profit to be moderate or high, said Moody's Investors Service in a new report. Although Moody's sh More… |
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Electronic payments add $300bn to global GDPIncreased use of electronic payment products added $296 billion to the global GDP, while raising household consumption of goods and services by an average of 0.18 per cent per year between 2011 and 2015, a report said. The equival More… |
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BisB implements new Moody’s risk analyst platformBahrain Islamic Bank (BisB) has implemented Moody’s Risk Analyst Platform, a credit risk management system to facilitate effective financial statement spreading and accurate credit risk decisions, it was announced in a report in the More… |
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Moody's cuts China outlook to 'negative'Moody's downgraded its outlook on Chinese government debt to "negative" from "stable" on Wednesday, citing uncertainty over authorities' capacity to implement economic reforms, rising government debt and falling reser More… |
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Saudi cbank raises loan-to-deposit ratioThe Saudi Arabia Central Bank (Sama) recently raised banks’ maximum allowable loan-to deposit (LTD) ratio to 90 per cent from 85 per cent, which will allow banks to continue expanding credit while limiting price competition for deposits. More… |
