Friday 27 May 2016
 
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IIRA reaffirms positive outlook for GFH

Islamic International Rating Agency (IIRA) has reaffirmed GFH Financial Group’s (GFH) international rating as  ‘BB/B’ and its national scale rating as ‘BB+(bh)/B(bh)’ along with a ‘positive’ outlo

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Dubai Courts achieves 99pc partners’ satisfaction rating

Dubai Courts has achieved a 99 per cent score in partners' satisfaction rating last year, according to a survey.   A survey conducted by the Suggestion and Complaint Section of Dubai Courts’ Strategy an

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Boost for Bahraini banks as Fitch affirms ratings

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

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IIRA reaffirms Islamic Insurance Company takaful ratings

Islamic International Rating Agency (IIRA) has reaffirmed the Takaful Financial Strength (TFS) rating of The Islamic Insurance Company (IIC), Jordan, at ‘A’ (Single A).    The outlook on the assi

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Saudi debt insurance cost highest since 2009

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. Five

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Ascott Tahlia gets first five-star serviced residence rating

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

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Apicorp ratings outlook considered ‘stable’ by Moody’s

Arab Petroleum Investments Corporation (Apicorp) has been given a ‘stable’ credit ratings outlook in a new analysis published by Moody’s Investors Service.   The research stated that Apicorp&rsq

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VW board considering steps to prop up credit rating

Volkswagen's supervisory board is considering steps to prop up the carmaker's credit rating amid a scandal over its rigging of emissions tests that affects 11 million of its vehicles, two sources close to the board said. T

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VW board considering steps to prop up credit rating

Volkswagen's supervisory board is considering steps to prop up the carmaker's credit rating amid a scandal over its rigging of emissions tests that affects 11 million of its vehicles, two sources close to the board said. T

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Al Baraka's ratings reaffirmed by top agencies

Bahrain-based Al Baraka Banking Group (ABG) said Dagong Global Credit Rating Company and Islamic International Rating Agency (IIRA) have jointly reaffirmed its international investment grade credit rating at 'BBB+/A3' (Triple B Plus /

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