Monday 21 May 2018
 
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Moody’s

Saudi banks post 7.5pc rise in Q1 net profit

Saudi Arabian domestic banks in aggregate reported a 7.5 per cent year-on-year increase (18 per cent quarter-on-quarter growth) in net profit for the first quarter, mainly because of lower interest expenses and provisioning charges, said Moody&r

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Moody's establishes office in Riyadh

Moody's Investors Service has established an office in Riyadh, Saudi Arabia, expanding the company’s global outreach and deepening its role in the kingdom’s debt capital markets. Moody’s first rated the Gover

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Saudi Arabia's stable outlook reflects strong fiscals

Saudi Arabia's (A1 stable) credit strengths include a strong fiscal position; substantial external liquidity buffers; a large stock of proved oil reserves combined with low extraction costs; and prudent financial system regulation, said Mood

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Moody's assigns stable outlook rating to NMC

Moody's Investors Service has assigned a Ba1 corporate family rating (CFR) and Ba1-PD probability of default rating to NMC Health, the largest healthcare provider in the UAE (UAE, Aa2 stable). The outlook on the ratings is stable.

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Higher oil prices ‘won’t impact GCC credit profiles’

The GCC countries' creditworthiness will remain driven by government responses to economic, fiscal and external challenges rather than the recent rise in oil prices, said Moody’s in a new report. "Our expectations f

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Higher oil prices ‘won’t impact GCC credit profiles’

The GCC countries' creditworthiness will remain driven by government responses to economic, fiscal and external challenges rather than the recent rise in oil prices, said Moody’s in a new report. "Our expectations f

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Blockchain ‘could cut cross-border banking costs’

Blockchain technology has the potential to significantly reduce the costs and time involved in cross-border banking transactions, increasing banks' efficiency but putting pressure on their fees and commissions, Moody's Investors Service

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GCC Islamic banks to maintain improved asset quality

The credit fundamentals of Islamic banks operating in the GCC countries have converged with those of their conventional peers and they should maintain their improved asset quality and profitability in the coming year, Moody's Investors Servi

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GCC Islamic banks to maintain improved asset quality

The credit fundamentals of Islamic banks operating in the GCC countries have converged with those of their conventional peers and they should maintain their improved asset quality and profitability in the coming year, Moody's Investors Servi

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Shari’ah products to drive Islamic finance growth

The growth of the Islamic finance sector will continue to outstrip the growth of conventional assets across core Islamic finance markets in coming years, as demand for Shari'ah-compliant financial instruments rises, said Moody’s in a n

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