GCC corporate, infrastructure sukuk issuance muted in H1The corporate and infrastructure sukuk issuance in the Gulf region remained muted in the first half of 2018, according to a report by top ratings agency S&P. While the GCC region's corporate and infrastructure issuers rais More… |
Bahrain gets big S&P ratings boost, outlook stableS&P Global Ratings has affirmed its 'B+/B' long- and short-term foreign and local currency sovereign credit ratings on Bahrain with a stable outlook. The transfer and convertibility assessment on Bahrain remains at 'BB-', it More… |
GCC capital market issuance sees big surgeCorporate and infrastructure capital market issuance volumes in the GCC are already more than double those of last year to date in 2017, said S&P Global Ratings in a new report. "As central banks hike interest rates, alon More… |
Could fintech disrupt GCC banks' business models?Financial technology (fintech) could reduce the profitability of some business lines of GCC banks and change the way they operate over time, according to new report published by S&P Global Ratings. "Technological innovati More… |
Islamic finance growth 'likely to slow in 2018'The Islamic finance industry will continue to expand this year, but lose some momentum in 2018, said S&P Global Ratings in a new report. The industry's assets reached $2 trillion at year-end 2016, slightly below our Septem More… |
GCC Islamic banks face weaker growth prospectsThe weak economic environment will continue to dampen the financial performance of Islamic banks in the GCC countries in 2017 and 2018, said S&P Global Ratings in a new report. The end of the commodities super-cycle has sparke More… |
Sukuk markets likely to stay subdued in 2017The sukuk market will remain subdued in 2017, since the issuance process is still quite complex, says S&P Global Ratings in a new article. When oil prices started falling in 2014, several market observers predicted an issuance More… |
Islamic finance sector ‘showing strong growth’Islamic financial institutions' business activities must comply with Islamic law (Sharia) and the industry has shown strong growth over the past decade, said an industry expert. “Therefore, we think Sharia governance wil More… |
‘Risks remain for EMEA emerging market banks’Banks in emerging markets of the GCC countries, Nigeria, Russia, South Africa, and Turkey will stay under pressure for the remainder of 2016 and 2017, according to a new report from S&P Global Ratings. "The operating envi More… |
The upshots of Dubai’s compulsory medical insuranceIn mid-December, the Emirate of Dubai announced that, after many months of expectation and consideration, it will introduce compulsory medical insurance for all workers and dependents in the emirate. This action prompts a number o More… |