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MISA approves regional headquarters licence for FitchFitch Group, a leading global financial information services provider, has announced the approval of its regional headquarters (RHQ) licence by the Ministry of Investment of Saudi Arabia (MISA). This RHQ will e More… |
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Fitch wins licence to set up regional HQ in Saudi ArabiaFitch Group, a leading global financial information services provider, today (November 14) secured the approval from the Ministry of Investment of Saudi Arabia (MISA) for licence to set up its regional headquarters (RHQ) in the kingdom. More… |
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ESG sukuk growth to be sustained in Q4 24-2025: FitchGlobal ESG sukuk issuance is expected to continue rising over Q4, 24-2025, driven by investor demand, funding and diversification goals, and government sustainability initiatives in some Muslim-majority countries, Fitch Ratings says. More… |
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Kuwaiti banking sector benefits from M&A increase: FitchThe recent increase in Kuwaiti bank mergers and acquisitions (M&A) is credit positive for the sector, particularly as the market is overbanked, Fitch Ratings says. Banks have been increasingly turning More… |
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SAMA rules boosting Saudi Islamic banks’ transparency, says expertIslamic finance-specific rules issued by the Saudi Central Bank (SAMA) over 2020 to the first half of 2024 are enhancing Islamic banking regulations to some extent, says Fitch Ratings, through better transparency and reporting requirements, st More… |
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GCC tourism’s contribution to GDP to shoot up by 2030: FitchThe GDP contribution from Gulf Cooperation Council’s (GCC) tourism sector is expected to increase from around $130 billion in 2023 to above $340 billion by 2030, equivalent to more than 10% of GDP in the region, said Fitch Ratings. More… |
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GCC tourism’s contribution to GDP to shoot up by 2030: FitchThe GDP contribution from Gulf Cooperation Council’s (GCC) tourism sector is expected to increase from around $130 billion in 2023 to above $340 billion by 2030, equivalent to more than 10% of GDP in the region, said Fitch Ratings. More… |
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Fitch affirms UAE at 'AA-'; outlook stable, GDP growth to slowFitch Ratings has affirmed the UAE’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'AA-' with a Stable Outlook even as overall GDP growth will slow to 3.1% in 2024 and pick up to 4.9% in 2025 after 3.6% in 2023. More… |
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Saudi bank risk profiles strongest among GCC lenders: FitchSaudi banks typically have the strongest risk profiles among lenders in the major Gulf Cooperation Council (GCC) markets, underpinning their asset quality, according to Fitch Ratings. Fitch’s asset qualit More… |
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GCC debt market fragmented; continuing to rise: FitchGCC debt capital market (DCM) issuances should continue to rise through 2024 and 2025 and are steadily approaching $1 trillion outstanding, but with fragmentation across the bloc, says Fitch Ratings in a new report. More… |
