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Oil slips towards $103 on tepid growth outlookBrent 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 More… |
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Global economy muted again in 2013: pollThis 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. More… |
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Takaful firm secures stable outlook ratingBahrain-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 More… |
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Middle East CFOs ‘most optimistic globally’CFO optimism has rebounded from historic lows in many countries as several political and economic “uncertainties” have been resolved or eased, according to the Q4 Global CFO Signals survey by leading professional services firm Deloit More… |
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Global economic uncertainty to linger onLast year was a year of pronounced economic uncertainty for many countries around the world and for most of them this trend will linger into 2013, according to the new report. In Europe, a fisca More… |
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Bahrain 'to post 2.9pc growth next year'Bahrain should achieve economic growth of 2.4 per cent this year and that should rise to 2.9 per cent next year, said investment bank Merrill Lynch in its outlook for 2013. That is against a rise of global growth from 3.1 per cent to 3. More… |
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Saudi banking sector outlook stableThe outlook for Saudi's banking system remains stable as the Kingdom's economic activity and credit growth gets supported by the positive effects of high government spending and increased private-sector business activity, according to Mo More… |
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Abu Dhabi gets stable outlook from FitchFitch Ratings has affirmed Abu Dhabi's long-term foreign and local currency Issuer Default Ratings (IDR) at 'AA' and its short-term foreign currency IDR at 'F1+' with a stable outlook. Fitch has also affirmed t More… |
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Morgan Stanley upgrades STC to overweightMorgan Stanley said it expects Saudi Telecom Co's (STC) earnings momentum to improve as domestic revenues stabilize, and upgraded the stock saying the company could boost dividend payout as early as next year. Morgan Stanley upgraded S More… |
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Etisalat gets Fitch stable outlookFitch Ratings has affirmed UAE-based state-owned Emirates Telecommunications Corporation's (Etisalat) long-term foreign currency Issuer Default Rating (IDR) at 'A+' with a stable outlook. The IDR reflects the expectation that Etisalat's ma More… |
