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NBK receives top S&P ratingStandard & Poor’s, the international credit rating agency, has affirmed the long-term credit ratings of National Bank of Kuwait (NBK) at A+, the highest in the Middle East. Earlier this month, Moody’s Investors Ser More… |
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Saudi’s age related spending 'set to escalate'Saudi Arabia’s age related spending is much less than for advanced economies and even other emerging economies. Nevertheless, age related spending is expected to rise significantly, from 4.9 per cent in 2010 to 13.5 per cent More… |
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Economic growth, capitalisation ‘driving Gulf banks’Gulf banks will likely continue their steady recovery from the global financial crisis this year, aided by healthy economic growth in the GCC and still high oil prices, said a new report released by Standard & Poor’s (S&P). More… |
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S&P sees strong years ahead for sukukWith global issuance of sukuk expanding for the fourth year in a row in 2012 by 64 per cent to about $138 billion, the sukuk market can expect another few strong years, said a report released by Standard & Poor’s (S&P). More… |
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S&P cuts Egypt rating on political strifeStandard & Poors' cut Egypt's long-term credit rating on Monday and said another cut was possible if political turbulence worsened, undermining the country's ability to make hard choices on public finances. The age More… |
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S&P assigns AA rating to Qatar sukukStandard & Poor's (S&P) Ratings Services has assigned 'AA' issue credit ratings to the proposed US dollar Sukuk Trust Certificates to be issued by state-owned SoQ Sukuk A QSC, a special purpose vehicle (SPV). “We believe the reason More… |
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Gulf banks ‘to continue recovery through 2013’Gulf banks will continue their steady recovery from the 2008 crisis and remain isolated from eurozone turmoil for the rest of 2012 and 2013, according to a Standard & Poor's report. 'We believe the trend of declining loan loss More… |
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Bahrain’s economy to grow 3.5pcBahrain’s economy is expected to post a growth of 3.5 per cent this year and 4.1 per cent next year, a report by Standard and Poor’s has said. It said that the volume of foreign direct investment (FDI) reached $300 million, and the number More… |
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Oil-rich Gulf states ‘pulling ahead of others’Oil-rich economies in the Gulf are increasingly pulling ahead of the region's other economies, on the back of continuously high oil prices, which support ratings across a range of corporate sectors, a Standard & Poor's report said. More… |
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Al Khaliji enters first ESG indexAl Khalij Commercial Bank (Al khaliji) has been included in the first ever regional environment, social, and governance (ESG) index, put together by Hawkamah in collaboration with international rating company Standard & Poor’s. The ind More… |
