Saturday 25 November 2017
 
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S&P

Abu Dhabi's GDP set to hit $231bn in 2017

Standard & Poor’s has forecast Abu Dhabi GDP to rise to Dh850 billion ($231.3 billion) and Dh890 billion ($242 billion) at current prices in 2017 and 2018 respectively, attributing the growth to the momentum witnessed by the oil and no

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GCC Islamic insurance growth slows to 1pc in 2016

Following years of annual growth in gross premiums of up to 20 per cent in the Islamic insurance sector in the GCC, growth slowed significantly to less than 1 per cent in 2016, said S&P Global Ratings in a new report. The slow

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Mena sovereign ratings continue decline

Overall sovereign creditworthiness in the Mena region has continued to deteriorate, according to a report from S&P P Global Ratings, a leading provider of independent credit ratings. The report titled "Middle East And Nor

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Saudi's balance sheet 'strong' despite low oil

Saudi Arabia's balance sheet will remain strong between 2016 and 2019, despite the sharp fall in oil prices in recent times, according to a report by Standard & Poor. The ratings agency affirmed an ‘A-/A-2’ rat

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S&P affirms Abu Dhabi ratings; outlook stable

S&P Global Ratings has affirmed its 'AA' long-term and 'A-1+' short-term foreign and local currency sovereign credit ratings on the UAE Emirate of Abu Dhabi. The outlook is stable, it said. The r

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Wall Street stays on record-setting run

Upbeat company earnings lifted US and European stock prices on Wednesday, with the Dow and S&P 500 setting record highs, while the dollar reached a four-month peak on bets the US Federal Reserve may raise interest rates by year-end.

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Mena sovereign ratings continue decline: S&P

Overall sovereign creditworthiness in the Mena region has continued to deteriorate in 2016, an S&P Global Ratings report said. Titled “Middle East And North Africa Sovereign Rating Trends Mid-Year 2016”, the S&

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S&P 500 hits record high on global risk appetite

The US benchmark S&P 500 stock index set a record intraday high on Monday as last week's strong monthly US jobs report worked its way into financial markets, and European shares rose as a single candidate emerged to succeed David Cameron

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Wall Street hits 10-month lows over Brexit

The S&P 500 turned negative for the year-to-date on Friday as Wall Street suffered its largest selloff in 10 months after Britain's decision to leave the European Union caught traders wrong-footed. In the busiest trading v

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S&P cuts large oil producers’ credit ratings

Rating agency Standard & Poor's downgraded Saudi Arabia, Brazil Kazakhstan, Bahrain and Oman's credit ratings on Wednesday, in its second mass cut of large oil producers in almost exactly a year. S&P cited the pres

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