Fitch Ratings has affirmed Kuwait-based Gulf Bank's long-term issuer default rating (IDR) at 'A+' with a stable outlook. The viability rating too has been upgraded to 'bb-' from 'b+'.
In its comments, t
Global rating agency Fitch Ratings has assigned Batelco's dollar notes, issued by Batelco International Finance No 1 Limited, a final rating of 'BBB-'.
The notes are guaranteed by Batelco. The final rating follows a re
Fitch Ratings has affirmed Bahrain Mumtalakat Holding Company's Long-Term Issuer Default Rating (IDR) and senior unsecured rating at BBB, said a report.
Fitch has also affirmed Mumtalakat's Short-Term IDR at F3. The outloo
Bahrain’s real estate sector is on the verge of moderate growth, and is expected to grow at 3.5 per cent, said a top official.
"Real estate investment is considered to be the main driver behind economic growth," th
New Islamic banks set up in Oman will struggle initially to compete with established conventional banks offering Sharia-compliant services when the country opens up its banking sector, according to Fitch Ratings.
Bahrain Mumtalakat Holding Company's three billion ringgit ($981 million) Malaysian sukuk murabahah programme has been assigned a BBB grade by Fitch Ratings agency.
The final rating is the same as the expected rating reflectin
Fitch Ratings has upgraded Jebel Ali Free Zone's (Jafza) long-term Issuer Default Rating (IDR) to 'B+' from 'B' and removed it from Rating Watch Positive (RWP) where it was placed on June 1, 2012 and has given it a stable outlo
Emirates NBD has announced that it has requested Fitch Ratings and Moody’s Investors Service to withdraw their ratings on Dubai Bank.
Following the completion of the takeover of Dubai Bank by Emirates NBD, all capital an
The construction sector in the Mena region will continue to be supported by government spending in Saudi Arabia, Qatar and Abu Dhabi in 2012, said a new report from Fitch, the global ratings agency.
These markets have undertaken massive in
Fitch Ratings has assigned Qatar International Islamic Bank (QIIB) a long-term foreign currency Issuer Default Rating (IDR) of 'A-' with a stable outlook.
The agency also gave the bank a short-term IDR of 'F2', Individual Rating of 'C/D',