Saturday 5 September 2015
 
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SNIC gets credit ratings, outlook boost

Bahrain-based Saudi National Insurance Company (SNIC) has had its insurer financial strength and counterparty credit ratings affirmed as ‘BBB’ and outlook as ‘stable’ by Standard & Poor’s. The age

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Ramadan food prices ‘will be stable’ in Bahrain

Market prices for all basic food items, especially those in high demand during Ramadan will be stable in Bahrain, a top official has asserted. Industry and Commerce Ministry Under-Secretary for trade affairs Nader Almoayyed met wi

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Al Baraka boost as key outlook revised to stable

Standard & Poor's Ratings Services has said that it had revised its outlook on Bahrain-based Al Baraka Banking Group (ABG) to stable from negative. At the same time, it affirmed the 'BB+' long-term and 'B'

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Dubai office rents stable, industrial market gains momentum

The first quarter has seen office rents stabilise across the prime and secondary markets in Dubai, UAE, following a slowdown in the rate of rent increases during the last quarter, while the industrial market has retained its momentum, said a rep

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Dubai residential, office rents stable in Q1

Despite a substantial rise in new stock, the residential and office markets in Dubai, UAE, still remain broadly stable, a positive indicator after a period of significant rental and sale price growth over the past two years, said a report.

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‘GCC countries most stable in region’

The Gulf Cooperation Council (GCC) countries are the most stable within a volatile and unstable region, Bahrain’s Premier said yesterday (March 8). This is thanks to the success of its leaders and governments in safeguarding

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Abu Dhabi residential sales prices to remain stable

The prime average residential sales prices in Abu Dhabi, UAE, are expected to remain stable during 2015 as the demand softens and annual supply gets reduced significantly, said a report. The underlying fundamentals remain strong i

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Gulf equities slide in perfect storm of oil, leverage, panic

Sliding oil prices, leverage and sheer panic have exposed the fragility of Gulf equity markets just as they are becoming mainstream destinations for international investors, said experts. In May, MSCI upgraded Qatar and the UAE to

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Quality homes in demand in Bahrain

Economic stability has begun to impact on residential rents, by stabilising rates and encouraging tenants to turn their attention to higher quality schemes in Bahrain, according to new analysis by Cluttons. A new report from the i

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IIRA reaffirms ABC Islamic Bank ratings

The Islamic International Rating Agency (IIRA) has reaffirmed the ratings of Bahrain-based ABC Islamic Bank at A+/A-1 on the national scale (long-term and short-term respectively), and A-/A-2 on the international scale with a 'Stable' ou

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