Friday 24 October 2014
 
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Moody’s

Moody's changes Egypt's outlook to stable from negative

Moody's Investors Service has today (October 20) changed Egypt's outlook to stable from negative and affirmed its Caa1 government bond rating. Key drivers for the outlook change to stable from negative are the stabilised p

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Moody's upgrades JAFZ ratings; outlook stable

Moody's Investors Service has upgraded the corporate family rating (CFR) of Jebel Ali Free Zone FZE (JAFZ) in Dubai, UAE to Ba1 from Ba2 with the outlook on all ratings remaining stable. JAFZ’s probability of default rat

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Bahrain renews efforts to reduce deficits

Statements by the Bahraini government to reduce its fiscal deficit and contain the rise in debt signal a renewed determination to improve its government finances, said a report released by Moody's Investors Service. The presen

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Bahrain's banking system outlook changed to stable

The outlook on Bahrain's retail banking system has been changed to stable from negative, said a report, adding that this reflects an economic recovery driven by increased government spending and construction activity. Moody

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Moody’s adds emerging markets page on website

Moody's Investors Service has launched a new topic page entitled China and Emerging Markets -- Prospects and Challenges on its website moodys.com. The page will provide subscribers with a centralised source for Moody's res

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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

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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

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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.

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NBAD, NBK top safest banks' list

National 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

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DIB ratings receives Moody’s affirmation

Dubai 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

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