Moody's Investors Service has today (June 16) assigned a Baa3 long-term issuer rating to Dubai-based real estate developer Emaar Properties and confirmed a stable outlook on all ratings.
Concurrently, Moody's has upgraded
Moody’s recently confirmed the UAE's Aa2 rating and changed the outlook from stable to negative reflecting the lack of clarity around the formulation and implementation of government policies to arrest and reverse the large deficits an
National Bank of Kuwait’s decision to increase its capital by 6.5 per cent would be a positive as it will enhance the bank’s capital adequacy ratios ahead of a full implementation of the Central Bank of Kuwait’s Basel III cap
More than half of the chief financial officers (CFOs) of 15 GCC insurers expect the growth in their company's operating profit to be moderate or high, said Moody's Investors Service in a new report.
Although Moody's sh
Increased use of electronic payment products added $296 billion to the global GDP, while raising household consumption of goods and services by an average of 0.18 per cent per year between 2011 and 2015, a report said.
Bahrain Islamic Bank (BisB) has implemented Moody’s Risk Analyst Platform, a credit risk management system to facilitate effective financial statement spreading and accurate credit risk decisions, it was announced in a report in the
Moody's downgraded its outlook on Chinese government debt to "negative" from "stable" on Wednesday, citing uncertainty over authorities' capacity to implement economic reforms, rising government debt and falling reser
The Saudi Arabia Central Bank (Sama) recently raised banks’ maximum allowable loan-to deposit (LTD) ratio to 90 per cent from 85 per cent, which will allow banks to continue expanding credit while limiting price competition for deposits.
Abu Dhabi's economic growth could come under pressure this year amid government spending cutbacks in response to lower oil prices, said Moody's Investors Service in a new report.
Moody's estimates that the emirate'
While fuel subsidy reforms in members of the GCC will help address pressure from low oil prices on public finances, these measures alone will not be enough to bring the governments' budgets back into surplus, says Moody's Investors Servi