Moody's Investors Service on Wednesday cut Tunisia's sovereign credit rating to Ba2, citing political uncertainty and the risk of instability as well as weak finances at government-owned banks and sizeabl
A $1.5 billion, 10-year bond issue launched by Bahrain's government yesterday was oversubscribed by more than 400 per cent, said a senior official of the Central Bank of Bahrain (CBB).
Executive director of banking operations Shaikh Sa
More than 200 members attended seminar on credit rating and investor relations yesterday (May 31) conducted by the Bahrain Chapter of the Institute of Chartered Accountants of India (BCICAI)
The event at the Crowne Plaza hotel was addresse
Mild weather in the northern hemisphere this winter and a rising likelihood of a sharp economic slow-down are expected to lead to lower global oil demand growth in 2012, the International Energy Agency said.
In its monthly oil market repor
Standard & Poor's fired a second warning shot at the euro zone in 24 hours on Tuesday, threatening to cut the credit rating of its financial rescue fund as European leaders raced to find a political solution to their sovereign debt crisis.
UAE telco Etisalat said it has won the highest credit ratings in the telecom sector across Europe, Middle East and Africa from global credit rating agencies - Standard & Poor’s (S&P), Fitch and Moody's.
The company said the to
Investors worried about a weakening global economy have rushed to stocks of countries with higher credit quality such as Germany, Canada and Switzerland, data from EPFR Global showed on Friday.
Equity funds investing in those countries pos