Standard & Poor's Ratings Services, which rates 13 sovereigns in the Middle East and North Africa (Mena) region, said five countries in the region have negative outlooks, indicating at least a one-in-three chance that it could lower the so
Moody's Investors Service has downgraded the local and foreign currency deposit ratings of Commercial Bank of Dubai (CBD), a leading bank in the UAE, by one notch to A3/Prime-2 from A2/Prime-1.
At the same time, Moody's has confirm
The outlook for the Gulf real estate market for 2009 is negative, reflecting tightening access to funding, declining demand and a need to preserve cash, says Moody's Investors Service in a new report.
The report entitled 'Arabian G