Tuesday 29 July 2014

GCC insurance premiums surge to $18.4bn

The GCC insurance industry has tripled between 2006 and 2013, as insurance premiums grew from $6.4 billion to $18.4bn, according to Moody's Investors Service. Moody's said that increasing mandatory insurance covers have al


Emaar faces market oversupply risks, warns Moody's

Dubai's Emaar Properties faces a risk of oversupply in the emirate's real estate market, ratings agency Moody's said in a report on Tuesday, as the developer launches new projects and embarks on expansion of its existing assets.


Sharjah gets big credit ratings boost

Sharjah's credit ratings received a major boost when two leading international rating agencies Moody’s and Standard & Poor’s (S&P) affirmed long-term ratings on the emirate with a stable outlook. Moody'


Moody's gives stable rating for UAE's banking system

Moody's Investors Service said that outlook for the UAE's banking system has been changed to stable from negative. The outlook change reflected the continued improvements in the operating environment and the ongoing recove


Global economy sees greater stability: Moody’s

After a sustained period of turbulence in economic and financial markets, the global economy now looks set for somewhat greater stability over the coming years, said a Moody's report. The Moody's Investors Service said in


Moody's cuts Egypt rating on 'unsettled' conditions

  Moody's Investors Service on Thursday downgraded Egypt's sovereign foreign currency credit rating to Caa1 form B3, citing unsettled political conditions, and said risks of a default have increased.  


Moody's cuts Egypt rating, cites unrest

  Ratings agency Moody's cut Egypt's credit rating, citing doubts about its ability to secure International Monetary Fund support and the economic impact of a new round of political unrest.

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