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Fitch picks 4 GCC banks including FAB as flagship banksFitch Ratings has identified four banks in the Gulf Cooperation Council (GCC) (in Abu Dhabi, Qatar, Kuwait and Oman) as flagship banks. The banks are First Abu Dhabi Bank (FAB; AA-/Stable/a-), Qatar Natio More… |
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Mena sovereigns balance economic growth against risk: FitchFairly stable oil prices and reasonable economic growth balanced against high but contained political and geopolitical risk underpin Fitch Ratings’ expectations for ‘neutral’ credit conditions for the Middle East and North Af More… |
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Mena sovereigns balance economic growth against risk: FitchFairly stable oil prices and reasonable economic growth balanced against high but contained political and geopolitical risk underpin Fitch Ratings’ expectations for ‘neutral’ credit conditions for the Middle East and North Af More… |
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Oman Islamic finance sector expanding, says FitchOman’s Islamic finance industry is poised to cross $40 billion in the medium term, and be at $30.9 billion as of end-September 2024, with Islamic banking assets accounting for just over two thirds. This is followed by outstanding sukuk ( More… |
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Saudi asset management industry set for growthThe Saudi Arabian asset management industry (AMI) is poised for growth in 2H24–2025, following regulatory reforms, expanding equity and debt capital markets, and increasing numbers of high-net-worth individuals seeking asset-management ser More… |
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KSA largest Emerging-Market dollar debt issuer in H1Saudi Arabia was the largest US dollar debt issuer in emerging-markets (excluding China), and the largest sukuk issuer globally in H1, 2024. However, the kingdom's debt issuance will likely slow in the second half of 2024, Fitch Ratings sa More… |
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EMEA real estate gets Fitch Ratings upgradeLeading ratings agency Fitch has changed its sector outlook for Europe, Middle East and Africa (EMEA) real estate from deteriorating to neutral, thus reflecting a largely complete recalibration of asset values to higher interest rates and impr More… |
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Fitch maintains its oil and gas price assumptionsFitch Ratings has maintained most of its oil and gas price assumptions, reflecting broadly unchanged market fundamentals. Fitch’s base-case oil price assumptions have not changed. While Brent crude oil pr More… |
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ESG sukuk to top $50bn amid new regulatory frameworksThe ESG (environmental, social, and governance) sukuk will cross $50 billion mark globally within the next two years, as issuers aim to meet their funding diversification goals and ESG mandates, alongside new regulatory frameworks, according t More… |
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Global sukuk issuance to rise in 2024: Fitch RatingsSukuk are expected to continue being a sizeable part of the funding mix in core markets, with 2024 issuance likely to rise, Fitch Ratings says. Global outstanding sukuk expanded by 10.3% yoy to reach $850 More… |
