Bahrain Mumtalakat Holding Company (Mumtalakat), the investment arm of Bahrain, has been ranked among the world's most transparent sovereign wealth funds.
Mumtalakat was rated 10 out of 10 in the 2015 Linaburg-Maduell Transpar
Banks in the Arab Mediterranean region will continue to encounter turbulent and challenging operating conditions in 2014-2015, according to a report published by Standard & Poor's (S&P) Ratings Services.
Dubai’s Sovereign art gallery will commemorate 100 years of the birth of legendary Indian-Qatari artist MF Husain with a unique exhibition featuring a collection of 25 rare self-portraits by Husain.
Maqbool Fida Husain (1913
Bahrain has attracted strong demand for a $1.5 billion issue of 10-year sovereign bonds, taking advantage of this week's relative stability in international debt markets.
The bond, with a fixed coupon of 6.125 per cent, priced
Sovereign wealth funds (SWFs) are set to see their assets grow to $5.6 trillion by the end of 2013, a study found, a sum more than double British GDP and underscoring their status as the world's wealthiest investors.
A planned $1 billion Bahrain sovereign bond issue is likely to be delayed by protests, while jittery investors, worried about their exposure, sold off state bonds.
Bahrain's debt insurance costs hit fresh 18-month highs on Wednesday, said
The global financial crisis has had a relatively muted impact on Middle East sovereign creditworthiness overall, according to new report by Fitch Ratings. All the region's sovereign ratings remain on stable outlook, it said.
Median GDP gro
Moody's Investors Service has changed the outlook on Kuwait's Aa2 sovereign ratings to stable from negative, prompted by improved government effectiveness Kuwait's strong fiscal and external performance, it said.
State-owned fund Aabar has always stood out for its rapid growth and high-profile purchases but the world's only listed sovereign wealth fund is now making investors nervous with its plans to go private.
Aabar, majority-owned by the go
Corporates and sovereigns from the developing world are on track to sell bonds in excess of $60 billion in the first quarter of 2010 as global economy recovers from its deepest recession since the Second World War.
Figures compiled by ING