 |
Top UAE banks’ combined net profit surges to $4bn in H1Profits at large UAE banks rose during the first six months of 2021 after a modest improvement in the operating environment led to lower loan-loss provisions. Moody’s said in a new report that the l More… |
 |
Higher oil cuts GCC's urgent borrowing needs, says MoodysDuring the past week, oil prices have risen to nearly $70 per barrel, up from $52 at the end of last year. If sustained during the rest of the year, higher oil prices will reduce the immediate government borrowing and external financing needs More… |
 |
Saudi economy to grow 3% during 2021-24Saudi Arabia's economy is expected to grow at an average rate of around 3% during 2021-24, nearly double the average during 2015-19 (1.6%) but lower than the 4.1% growth rate recorded during 2005-14, Moody's Investors Service said in a More… |
|
Saudi economy to grow 3% during 2021-24Saudi Arabia's economy is expected to grow at an average rate of around 3% during 2021-24, nearly double the average during 2015-19 (1.6%) but lower than the 4.1% growth rate recorded during 2005-14, Moody's Investors Service said in a More… |
 |
Saudi Dar Al Arkan's ratings stable, says MoodysTop ratings agency Moody's said it has changed Dar Al Arkan Real Estate Development Company (DAAR)'s outlook to stable from positive. Moody's has also affirmed DAAR's B1 corporate family r More… |
 |
Bahrain's banking system gets stable outlook; GDP up 2.1pcLeading ratings agency Moody's Investors Service has changed the outlook for the Bahraini banking system to stable from negative as economic growth accelerates, and a $10-billion support package from gulf neighbours strengthens the governmen More… |
 |
Saudi economy likely to grow at 2-2.5pc over next 5 yearsSaudi Arabia's economy is expected to grow at 2 to 2.5 per cent per annnum over the next five years, according to report by Moody's Investors Service. The (A1 stable) credit strengths include a robust but deteriorating fis More… |
 |
Non-oil growth in GCC will offset oil output cut impactThe faster non-hydrocarbon growth will compensate for softer oil sector output in most parts of the GCC this year and this acceleration will help to cement popular support for ongoing gradual reforms and to curb increases in unemployment, said More… |
|
Non-oil growth in GCC will offset oil output cut impactThe faster non-hydrocarbon growth will compensate for softer oil sector output in most parts of the GCC this year and this acceleration will help to cement popular support for ongoing gradual reforms and to curb increases in unemployment, said More… |
|
Non-oil growth in GCC will offset oil output cut impactThe faster non-hydrocarbon growth will compensate for softer oil sector output in most parts of the GCC this year and this acceleration will help to cement popular support for ongoing gradual reforms and to curb increases in unemployment, said More… |
