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Moody’s: Outlook for GCC Banks Stable for 2020
December 2nd, 2019 - 08:30 GMT

Moody’s: Outlook for GCC Banks Stable for 2020

The outlook for GCC banks remains stable on the back of solid regional economic growth along with strong capital buffers and substantial liquidity of banks, Moody's Investors Service said. "Government spending programs will push average non-hydrocarbon GDP growth to 2.6 percent in 2020, providing favorable operating conditions for the region's banks," said Nitish Bhojnagarwala, vice-president and senior credit officer at Moody's. "Declining interest rates will start to pressure banks' net ...
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Overall, crude oil prices remain suppressed after breaching the $50 threshold earlier this year. (Shutterstock)
July 13th, 2016 - 08:00 GMT

Oil prices rise with release of OPEC report, but short term pressures remain

Sukuk issuance has been growing in Turkey and Qatar. (File photo)
June 26th, 2016 - 06:30 GMT

Islamic banking outgrows conventional banking in Turkey, Qatar

A potential combination of NBAD-FGB is expected to create the second largest bank in the Middle East after Qatar National Bank. (File photo)
June 20th, 2016 - 05:00 GMT

UAE: Proposed NBAD-FGB merger would create regional banking giant

Al Bawaba
September 14th, 2015 - 05:52 GMT

Iraq to launch first bond issue in nine years

Al Bawaba
July 19th, 2015 - 04:00 GMT

The secret to managing skyrocketing expenses

The Dubai Financial Market General Index ended 0.46 per cent lower at 3,931.16, while Saudi’s Tadawul All Share index (TASI) ended 0.96 per cent to be at 9,300.50
February 11th, 2015 - 09:38 GMT

UAE, Saudi stock indexes edge lower

Al Bawaba
January 28th, 2015 - 02:14 GMT

Never ever underestimate iPhones: Apple records largest profit in corporate history

Constituents from Qatar and UAE will be included in the S&P Emerging BMI series for the first time.
September 16th, 2014 - 04:55 GMT

Downgrades and upgrades: Greece, Qatar, and UAE to be reclassified as Emerging Status starting Sept. 22

IPIC delivered $26 billion in revenues in the first half of 2013 and an operating income of $1.42 billion, making it one of the largest, most profitable joint stock companies in the UAE.
February 25th, 2014 - 05:25 GMT

The hidden giant: Abu Dhabi's oil IPIC is emerging stronger than ever

Saudi economists said the Kingdom’s strong position would help attract more foreign investors.
January 26th, 2014 - 06:56 GMT

Saudi Arabia might not be women friendly, but it sure is investment friendly

The Dubai Financial Market index, the best performer among 90 benchmarks tracked globally, jumped 3.57 per cent, or 131.7 points.
January 24th, 2014 - 08:49 GMT

What crisis? Dubai markets at new hit five year high!

UAE was upgraded to an emerging market in 2013 and expects to see $8 billion investment inflows in 2014 (File Archive)
January 2nd, 2014 - 12:35 GMT

How UAE "stock(ed)" up its economy for 2014

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