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GCC fiscal deficits likely to narrow in 2021: FitchGCC sovereigns will experience significant narrowing of fiscal deficits/GDP in 2021, as average Brent oil prices are forecasted at $58 per barrel (/bbl) in 2021, accompanied by further unwinding of Opec+ production cuts, a report said. More… |
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Sovereigns remain ‘resilient to coronavirus impact’While the coronavirus outbreak poses increasing risks to the growth outlook for a number of countries, the credit profiles of the most-exposed sovereigns remain resilient, Moody’s Investors Service said in a new research report. More… |
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67pc of ME sovereigns ‘adopting ESG approach’More than two-thirds (67 per cent) of sovereign wealth funds in the Middle East have an environmental, social and governance (ESG) policy, up from 30 per cent in 2017, said investment management firm Invesco in a new report. The I More… |
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88pc of Mideast investors have exposure to China: studyEighty-eight per cent of investors in the Middle East have exposure to China, versus 73 per cent for all investors globally, said global investment management firm Invesco in a new report. The seventh Invesco Global Sovereign Asse More… |
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Stable outlook for Levant, N Africa sovereignsOutlook for sovereign ratings in the Levant and North Africa region is broadly stable, reflecting the improved global growth dynamics, ongoing structural reforms, and winding-down of regional conflicts, said Moody’s in a new report. More… |
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Outlook for global sovereigns stable: Moody’sThe outlook for sovereign creditworthiness in 2018 is stable overall, with the healthy growth and synchronized global economic expansion of 2017 likely to continue into 2018, said Moody's Investors Service in a new report. &qu More… |
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Mena commercial borrowing to hit $56bnThe 12 rated sovereigns in the Mena region - Abu Dhabi, Bahrain, Egypt, Jordan, Kuwait, Lebanon, Morocco, Oman, Qatar, Ras Al Khaimah, Saudi Arabia and Sharjah - would borrow an equivalent of $56 billion from long-term commercial sources in 2014 More… |
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Sukuk issuance 'on the rise as crisis bites'Global issuance of sukuk (or Islamic bonds) has surged over 40 per cent in recent months in a marked turnaround from earlier in the global credit crisis, Moody's Investors Service notes in a new special report. Amid current economic an More… |
