Saturday 29 April 2017
 
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Moodys

Gulf sovereign Eurobonds to hit $33bn in 2017

The GCC sovereign Eurobond issuance volumes will remain high in 2017 - but below 2016's record levels - as governments seek to fund sizeable deficits at a time of strong investor demand, Moody's Investors Service said in a newly released

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GCC real GDP growth to stay weak this year: Moody's

The real GDP growth in the GCC in 2017-18 is likely to remain weak by historical standards with an average of 1.6 per cent and ranging from 0.7 per cent for Saudi Arabia to 3.3 per cent for Qatar, a Moody's report said. The ne

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GCC real GDP growth to stay weak this year: Moody's

The real GDP growth in the GCC in 2017-18 is likely to remain weak by historical standards with an average of 1.6 per cent and ranging from 0.7 per cent for Saudi Arabia to 3.3 per cent for Qatar, a Moody's report said. The ne

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Sharjah economy slows; growth may stay at 4pc

The economy of Sharjah, a UAE emirate, has slowed with nominal GDP growth expected to remain around 4 per cent into 2017 compared to 6 per cent on average in 2010-2015, said Moody's Investors Service. The economic slowdown pre

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Saudi construction challenges 'pose risks for banks'

Rising challenges in the Saudi construction sector will lead to a surge in nonperforming loans (NPLs) and higher provisioning costs for the country's banks, said ratings agency Moody's Investors Service in a report published today (Octob

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Saudi construction challenges 'pose risks for banks'

Rising challenges in the Saudi construction sector will lead to a surge in nonperforming loans (NPLs) and higher provisioning costs for the country's banks, said ratings agency Moody's Investors Service in a report published today (Octob

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Egypt outlook stable says Moody's report

Moody's Investors Service has affirmed Egypt's long-term issuer and senior unsecured bond ratings at B3 and it said the outlook remains stable for the country. The rating affirmation is based on Moody's view that the B

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National Bank of Kuwait gets top ME ratings

Moody’s Investors Service has affirmed National Bank of Kuwait’s (NBK) long-term global local currency (GLC) deposit rating at Aa3, the highest in the Middle East and North Africa, with a stable outlook. NBK’s ra

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Egypt gets negative banking outlook

Moody's Investors Service said it has affirmed a negative outlook for Egypt's banking system because of the political instability and banks' increasing exposure to the indebted government. Yields on Egypt's interna

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Moody's upgrades Dubai Holding unit rating

Moody's Investors Service has upgraded the corporate family rating (CFR) of Dubai Holding Commercial Operations Group (DHCOG) to B1 from B2 and the company's probability of default rating (PDR) to B1-PD from B2-PD. Concurr

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