Thursday 21 August 2014
 
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Outlook

Oman's banking system outlook ‘stable’

Oman’s banking system outlook remains stable, said a Moody’s Investors Service report. The stable outlook primarily reflects the rating agency’s expectations of stable macroeconomic conditions that will support l

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Kuwait outlook remains stable: S&P

Standard and Poor's Ratings Services affirmed Kuwait's long and short-term foreign and local currency sovereign credit ratings at AA/A-1, with a stable outlook on Friday. The credit ratings agency said Kuwait has rich reso

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Egypt business activity declines in Jan

Business activity in Egypt shrank in January for the first time in three months, a survey showed on Tuesday, a sign its economic outlook is still fragile as the interim government pushes ahead with an army-backed political transition plan.

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Experts to debate region’s economic outlook

Chief economists and experts are set to debate regional and global economic outlook on financial strategy at an upcoming forum in Bahrain. The Euromoney GCC Financial Forum will take place on March 4 and 5 at the Ritz-Carlton Hote

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SABB gets Fitch ratings boost

Fitch Ratings, a leading rating agency, has affirmed the Saudi British Bank’s (SABB) long term credit rating at “A” with a stable outlook. The ratings affirmation and outlook revision reflects SABB’s financ

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Mixed growth outlook for Mena states in 2013

The economic outlook for countries across the Mena region varies markedly, with the oil-exporting countries led by the GCC registering solid growth in 2013, while the "Arab Spring" countries continue suffering, according to a report.

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Global energy consumption ‘to rise 56pc’

Over the next three decades, world energy consumption is projected to increase by 56 per cent, driven by growth in the developing world, according to a report released today by the US Energy Information Administration (EIA). The I

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Oil slips towards $103 on tepid growth outlook

Brent crude oil slipped towards $103 per barrel on Monday as a shaky outlook for growth in the world's biggest oil consumers, the US, Europe and China, encouraged commodities markets to consolidate. Oil rallied from nine-month

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Global economy muted again in 2013: poll

  This year now looks unlikely to deliver much improvement in the world economy's growth rate, with a weaker outlook for Europe and the US tempering the cautious optimism that was evident in January.  

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Takaful firm secures stable outlook rating

Bahrain-based Takaful International Company (TIC) has secured a stable outlook projection, along with a 'B++' strength rating from ratings agency A M Best. The insurance firm said A M Best had endorsed the restoration of T

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