Moody's Investors Service, Inc

Moody's Investors Service, Inc latest

ADIB, which is rated A2 by Moody’s and A+ by Fitch, in each case with a stable outlook, priced the non-call, five-year Sukuk at a profit rate of 7.13 per cent. (File/ Photo)

September 17th, 2018 - 05:15 GMT

Strong Tier-One Perpetual Sukuk Debut for ADIB With $750 Million

Abu Dhabi Islamic Bank (ADIB) has successfully raised $750 million of additional Tier 1 through a perpetual Sukuk that complies with Basel III regulatory framework issued by the Central Bank of the UAE.

IMF has marginally raised Saudi Arabia’s 2018 economic growth forecast to 1.7%. (Shutterstock)

May 8th, 2018 - 07:00 GMT

IMF: Saudi Arabia’s Economy Seen to Grow to 1.7 Percent in 2018

Kuwait is expected to be the only Gulf state with a budget surplus this year. (File photo)

March 20th, 2017 - 11:35 GMT

Is Kuwait’s foreign bond sale enough to balance its budget?

The riyal’s exchange rate is currently at 3.75 against the U.S. dollar according to the Central Bank's website. (File photo)

August 14th, 2016 - 07:00 GMT

Saudi Arabia reaffirms commitment to dollar peg

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

The sovereign action reflects the ongoing negative impact of lower oil prices on Saudi’s fiscal position  and economic strength. (Argaam)

May 19th, 2016 - 05:00 GMT

Moody's downgrades nine Saudi banks

According to Moody's, combination of lower growth, higher debt levels and smaller domestic and external buffers leave Saudi Arabia less well positioned to weather future shocks. (AFP/File)

May 15th, 2016 - 04:21 GMT