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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… |
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Fitch sees sound profitability, solid liquidity for Islamic banksFitch Ratings expects sound profitability and solid liquidity to continue for Islamic banks in Europe, Middle East and Africa (EMEA), while capital buffers should remain adequate for the risks. " More… |
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Global economic growth to fall sharply in 2024, says reportWorld growth has held up well in 2023 driven by a normalisation of consumption in China and a pick-up in US growth, which have outweighed a sharp slowdown in Europe in the wake of last year’s regional energy shock. But with the full impa More… |
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Global economic growth to fall sharply in 2024, says reportWorld growth has held up well in 2023 driven by a normalisation of consumption in China and a pick-up in US growth, which have outweighed a sharp slowdown in Europe in the wake of last year’s regional energy shock. But with the full impa More… |
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Strong operating conditions for GCC banks says reportGCC banks are benefitting from strong operating conditions supported by high oil prices, contained inflation and rising interest rates, but bank performance varies between markets, Fitch Ratings says. UAE banks’ profitability has More… |
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Outstanding sukuk volumes break the $800bn barrier: FitchOutstanding sukuk volumes have exceeded $800 billion for the first time in second quarter, according to Fitch Ratings. However, issuance is expected to slow in the third quarter coinciding with summer vacations in many countries, before pickin More… |
