Wednesday 28 January 2015
 
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Outlook

Global economic outlook is glum despite cheaper oil

A sharp drop in oil prices and a stronger US economy will probably not be enough to brighten the outlook for global economic growth this year, the head of the International Monetary Fund said. IMF Managing Director Christine Lagar

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Fitch affirms GIB's long-term ratings

Fitch Ratings has affirmed Gulf International Bank's (GIB) long-term issuer default ratings (IDRs) at 'A' and the viability rating (VR) at 'bbb-'. The outlook for the long-term IDR is stable, said a report in

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Bahrain’s entrepreneurial firms optimistic on growth

Local entrepreneurial firms in Bahrain project an optimistic outlook with profit margins and the number of full-time employees are expected to increase over the forthcoming months. This is according to the latest survey results fr

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S&P cuts Saudi-Oman outlook on low oil price

Standard and Poor's (S&P) has lowered the outlook for the world's top oil exporter Saudi Arabia to stable from positive and its Gulf partner Oman to negative on sliding oil prices, a report said. However, the ratings a

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S&P revises India outlook to 'stable'

India regained its "stable" rating from Standard and Poor's yesterday, more than two years after an embarrassing downgrade, in a validation of Prime Minister Narendra Modi's ambitious agenda of economic and fiscal reforms.

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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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Adnic wins top ratings from international agencies

Abu Dhabi National Insurance Company (Adnic), a leading provider of insurance solutions for individuals and corporates, has won an A (excellent) rating with a stable outlook and an A- rating with a positive outlook from leading international age

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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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