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S&P affirms SNIC ratingsStandard & Poor’s (S&P) has affirmed its ‘BBB’ insurer financial strength and counterparty credit ratings for Bahrain-based Saudi National Insurance Company (SNIC) while the outlook was revised from stable to negative, More… |
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Islamic finance could help meet sustainable goalsIslamic finance could contribute to meeting some of the sustainable development goals adopted by the UN General Assembly under its 2030 agenda, said Standard & Poor's Ratings Services in a report. Agreed on in September 20 More… |
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S&P affirms NBK’s ratings, outlook stableStandard & Poor’s, the international credit rating agency, affirmed the long-term credit ratings of National Bank of Kuwait (NBK) at A+, with all ratings carrying a stable outlook. “Our outlook on NBK is stable, re More… |
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Global sukuk likely to drop to $50bn in 2016Global sukuk issuance is expected to reach $50 billion$55 billion in 2016, compared with $63.5 billion in 2015 and $116.4 billion in 2014, a Standard & Poor's Ratings Services report said. Absent its biggest issuer, the gl More… |
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GCC tops global average in financial literacyForty per cent of men in the GCC are financially literate in comparison to 36 per cent of women as against two-thirds of adults worldwide not being financially literate, according to a Standard & Poor’s report. All ages More… |
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Subdued growth seen for Islamic finance in 2016Growth in Islamic finance will likely slacken in 2016, dropping to single digits from between 10 per cent and 15 per cent over the past decade, according to a Standard & Poor's Ratings Services report. Governments in core More… |
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GCC banks’ earnings ‘set to slide’ after solid H1Banks in the GCC, which reported a good set of gains in the first half of 2015, could see a weakening in earnings over the next several quarters due to the knock-on effects of lower oil prices on growth and asset quality, a report said. More… |
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Low oil prices unlikely to dent project finance ratingsThe current low price of crude oil and natural gas is unlikely to have a widespread impact on the credit quality of global project finance debt over the next year to 18 months, a report said. However, if prices remain in the $50 p More… |
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Basel III ‘will aid Islamic banks' liquidity management’Liquidity management instrument offerings remain limited in Islamic finance, but Basel III's liquidity coverage ratio is likely to create opportunities for their growth, a Standard & Poor's report said. Most Islamic ba More… |
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Bahrain, Oman banks ‘most vulnerable to oil price fall’Banking systems in Bahrain and Oman are more vulnerable to the recent drop in oil prices than those in the rest of GCC due to their highly oil-dependent economy where the budget breakeven price is significant, a report said. On a More… |
