Moody's Investors Service has today (October 20) changed Egypt's outlook to stable from negative and affirmed its Caa1 government bond rating.
Key drivers for the outlook change to stable from negative are the stabilised p
Saudi Arabia's main stock index tumbled in early trade on Sunday as worries about economic growth sparked sharp declines on global and regional markets, while Dubai plunged 6.7 per cent and Abu Dhabi slid 2.1 per cent.
Qatar's central bank will be more flexible in planning future auctions of government bonds, adjusting the timing and characteristics of the issues depending on market conditions and its policy stance, the bank's chief said yesterday.
The Central Bank of Bahrain (CBB) has announced that the issue of the 7.5-year government development bonds worth BD350 million ($923 million) has been oversubscribed by 125 per cent.
Subscriptions worth BD438 million ($1.15 billion) we
Structural fiscal and current account surpluses are the main drivers behind Kuwait's Aa2 government bond ratings and its stable outlook, said a credit report on Kuwait published by Moody's.
A gradual improvement in the Kuwaiti government's
The United Arab Emirates needs to double efforts to create a local market for government and corporate bonds, Central Bank Governor Sultan Nasser Al-Suweidi said.
"When it comes to adequacy and quality of capital, we don't have any difficu
Demand for Bahrain sovereign debt remained strong during the first quarter of 2011, the Central Bank of Bahrain (CBB) has announced.
The domestic issues of government debt, which the Central Bank manages on behalf of the Ministry of Financ
Moody's Investors Service has downgraded Egypt's foreign and local currency government bond ratings by one notch to Ba3 from Ba2. The outlook on these ratings remains negative.
Today's rating action was prompted by 'the pro
The average yield on Egyptian 350-day treasury bills fell a little to 10.430 per cent at an auction on Thursday from 10.509 per cent at the last auction on October 21.
The central bank said it accepted bids for bills worth EGP 3.5 billion
Egypt's Finance Ministry is reopening 3-year and 5-year bond offerings worth EGP 1.5 billion ($364 million) each and a 7-year bond issue worth EGP 1 billion, the central bank said on Tuesday.
The 3-year bonds, which mature on April 6,