Capital Intelligence Ratings has affirmed Bahrain-based Gulf International Bank’s (GIB) Long-Term Foreign Currency Rating at A+ and the Short-Term Foreign Currency at A1, with a ‘Stable’ outlook, reported the Gulf Daily New
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
Fitch Ratings has affirmed National Bank of Bahrain’s (NBB), Bank of Bahrain and Kuwait’s (BBK) and Arab Banking Corporation’s (ABC) long-term issuer default ratings (IDRs) at ‘BBB-’. Fitch has also affirmed Ahli
Concern about Saudi Arabia's ability to cope with low oil prices pushed the cost of insuring its sovereign debt against default on Tuesday to its highest level since June 2009, when the global financial crisis was raging.
Ascott Tahlia Jeddah, managed by leading accommodation owner-operator Ascott, has become the first serviced residence in Jeddah, Saudi Arabia, to be officially awarded with a five-star rating.
Vincent Miccolis, Ascott’s area gener