Friday 24 November 2017
 
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S&P ratings

GCC capital market issuance sees big surge

Corporate and infrastructure capital market issuance volumes in the GCC are already more than double those of last year to date in 2017, said S&P Global Ratings in a new report. "As central banks hike interest rates, alon

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Could fintech disrupt GCC banks' business models?

Financial technology (fintech) could reduce the profitability of some business lines of GCC banks and change the way they operate over time, according to new report published by S&P Global Ratings. "Technological innovati

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Islamic finance growth 'likely to slow in 2018'

The Islamic finance industry will continue to expand this year, but lose some momentum in 2018, said S&P Global Ratings in a new report. The industry's assets reached $2 trillion at year-end 2016, slightly below our Septem

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GCC Islamic banks face weaker growth prospects

The weak economic environment will continue to dampen the financial performance of Islamic banks in the GCC countries in 2017 and 2018, said S&P Global Ratings in a new report. The end of the commodities super-cycle has sparke

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Sukuk markets likely to stay subdued in 2017

The sukuk market will remain subdued in 2017, since the issuance process is still quite complex, says S&P Global Ratings in a new article. When oil prices started falling in 2014, several market observers predicted an issuance

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Islamic finance sector ‘showing strong growth’

Islamic financial institutions' business activities must comply with Islamic law (Sharia) and the industry has shown strong growth over the past decade, said an industry expert. “Therefore, we think Sharia governance wil

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‘Risks remain for EMEA emerging market banks’

Banks in emerging markets of the GCC countries, Nigeria, Russia, South Africa, and Turkey will stay under pressure for the remainder of 2016 and 2017, according to a new report from S&P Global Ratings. "The operating envi

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The upshots of Dubai’s compulsory medical insurance

In mid-December, the Emirate of Dubai announced that, after many months of expectation and consideration, it will introduce compulsory medical insurance for all workers and dependents in the emirate. This action prompts a number o

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Emirates NBD funds get ‘A’ rating

Emirates NBD, a leading bank in the region, said Standard & Poor’s Fund Services has assigned an ‘A’ fund rating to three global, multi-asset class funds of its asset management unit. This makes them the first managed funds with such d

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Dubai govt entities get negative ratings

Standard & Poor's Ratings Services has revised its outlook on the ratings of six Dubai-based Government-Related Entities (GREs) to negative from stable. The entities are: DIFC Investments, DP World, Dubai Holding Commercial Operati

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