Tuesday 20 August 2019
 
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S&P Global affirms stable outlook for Abu Dhabi

S&P Global Ratings (S&P) has affirmed its 'AA/A-1+' long- and short-term foreign and local currency sovereign credit ratings on Abu Dhabi, a member of the United Arab Emirates. The outlook is stable. At the same ti

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Moody upgrades DP World’s rating

Moody's Investors Service has upgraded the long-term issuer rating of DP World Limited (DPW) to Baa1 from Baa2. The outlook on all ratings is stable. Rehan Akbar, Moody's vice president - senior analyst, said: “Our d

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Global economy set to grow by 3pc in 2018-19

The global economy is expected to grow by around 3 per cent in 2018-19, with non-investment grade sovereigns seeing the largest improvements, Moody's Investors Service said in a report.   However, public debt

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Tristar warehouses win DMCC 5-star rating

UAE-based Tristar Group, a leading integrated liquid logistics company, said its warehouses located in the Jebel Ali Industrial Area 1 and 2 were awarded 5-star rating by Dubai Multi Commodities Centre (DMCC) for the second and third consecutive

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Oman Air receives Apex four-star rating

National carrier Oman Air received the official Four-Star Airlines Rating in the category of Major Regional Airline at the Apex Regional Passenger Choice Awards (PCAs), held in Shanghai earlier this month. The four-star rating awa

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Saudi grants S&P Global 100pc foreign ownership license

S&P Global Ratings was awarded a 'Saudi Arabia 100 per cent Foreign Owned Investment License' in a ceremony at the Saudi-British Business Forum 2018 in London. S&P Global Ratings opened its branch in Riyadh in Octo

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23 Mandarin Oriental hotels receive top Forbes rating

Mandarin Oriental Hotel Group attained the highest rankings for many of its hotels, restaurants and spas in the 60th annual Forbes Travel Guide five and four-star awards. A record 23 hotels have been recognised, with two new addit

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Burj Al Arab receives top Forbes Travel Guide rating

Forbes Travel Guide has unveiled its annual Star Rating list, naming Dubai's Burj Al Arab, Jumeirah as a new Forbes Travel Guide Five-Star hotel. After 60 years of rating hotels, restaurants and spas, this is Forbes first-time

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Four Seasons hotels receive Forbes five-star rating

Four Seasons Hotels and Resorts has announced that Forbes Travel Guide has awarded its highest honour, a five-star rating, to 33 Four Seasons properties worldwide. With this recognition, Four Seasons has received the most five-sta

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Solidarity Bahrain gets AM Best’s positive rating

Solidarity Bahrain, a leading insurance group, has been assigned the financial strength rating of B++ (Good) with a stable outlook and issuer credit rating of “bbb” with a positive outlook from international rating agency A.M. Best.

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