Al Hilal Bank, an Abu Dhabi based Islamic bank, has announced that its viability rating (VR) has been upgraded by global rating agency Fitch Ratings.
Fitch has also affirmed the long-term and short-term issuer default ratings (IDR
BMI Bank chief executive Jamal Al Hazeem has reiterated the bank continues to have a robust and profitable core business.
"We continue to maintain an excellent capital adequacy ratio of over 15 per cent with very strong liquidity,&
Khalifa Industrial Zone Abu Dhabi (Kizad), the new industrial and logistics zone in the UAE capital situated next to the Khalifa Port, has been awarded the 4-star excellence rating by the European Foundation for Quality Management (EFQM).
Standard & Poor's plans no rating action relating to Dubai's Emaar Properties after the emirate's largest listed developer announced plans to spin off its retail unit, an analyst covering the company said on Monday.
Fitch Ratings, a leading rating agency, has affirmed the Saudi British Bank’s (SABB) long term credit rating at “A” with a stable outlook.
The ratings affirmation and outlook revision reflects SABB’s financ
Bahrain must drastically curb and reduce public debt - or face a potential crisis. This warning has come in the audit report, which fears an international ratings downgrade if swift action is not taken.
The National Audit Office R
Moody's Investors Service has upgraded the corporate family rating (CFR) of Dubai Holding Commercial Operations Group (DHCOG) to B1 from B2 and the company's probability of default rating (PDR) to B1-PD from B2-PD.
The Islamic International Rating Agency (IIRA) has reaffirmed ratings assigned to ABC Islamic Bank at A+/A-1 (Single A Plus/A-One) on the national scale and A-/A-2 (Single A Minus/A-Two) on the international scale.