Thursday 18 December 2014
 
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Outlook

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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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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