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'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
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
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
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.
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
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
Sterling 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.
The 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
Moody'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