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Risks to financial stability remain significant given unpredictability in the policy framework and Turkey’s large external financing requirements. (Shutterstock)

September 13th, 2018 - 09:03 GMT

Agencies Downgrade Turkish Banks in Response to Market Volatility

International rating agencies Moody’s and Fitch downgraded a number of Turkish banks, including Bank Audi’s subsidiary Odea Bank due to their exposure to the country’s financial crisis.

The UAE's economic outlook will be driven by the oil price and changes in fiscal policy. (Shutterstock)

August 13th, 2018 - 07:04 GMT

Report: GCC Enjoys a Fiscal Windfall From the Recovery in Oil Prices

Donald Trump has repeatedly claimed that the 24-year-old NAFTA deal is the "worst trade deal that the US has ever made." (Shutterstock)

January 22nd, 2018 - 01:00 GMT

‘Worst Deal Ever’: Will Donald Trump Terminate NAFTA?

Qatar exchange witnessed the steepest monthly drop in August on the back of the ongoing political deadlock with its neighbors. (AFP/ File)

September 6th, 2017 - 11:08 GMT

The Best and Worst Performing Stock Markets in GCC for 2017

Fitch Ratings, on Friday, affirmed Tunisia’s Long-Term and Local Currency issuer Default Ratings (IDRs) at B+, outlook stable. (AFP/ File)

June 1st, 2017 - 10:53 GMT

'Fitch Ratings Affirming Tunisia at B+ Meant to Reassure Investors': Economist

Only the UAE and Kuwait are set to post surpluses by 2021, and analysts expect all GCC countries to remain in deficit in 2017. (File photo)

January 19th, 2017 - 12:00 GMT

GCC purse-tightening to persist for the long haul: Analysts

The ownership structure of GCC banks where well established local private shareholders often control sizeable stakes, and foreign banks only hold minority stakes, is also a stumbling block to successful merger activity. (File photo)

October 30th, 2016 - 08:00 GMT

GCC banks resisting mergers despite pressures: Fitch

Fitch said it expects general government debt to rise to nearly 80 percent of GDP in 2016 from around 62 percent of GDP in 2015, well above the 'BBB' and 'BB' medians of around 40 percent. (File photo)

June 29th, 2016 - 05:00 GMT

Bahrain ratings suffer downgrade to junk status by Fitch

Fitch indicated that Lebanon’s banking sector was among 15 banking systems that have a Banking System Indicator of “b”. (File photo)

May 23rd, 2016 - 10:45 GMT

Lebanon's banking sector rated at 'low-level of potential vulnerability': Fitch

With oil prices down by approximately 65 percent compared to their mid-2014 levels, total earnings combined at the six companies declined 34 percent in 2015. (File photo)

April 21st, 2016 - 05:00 GMT

Negative outlook for oil companies as Fitch predicts 22 percent fall in earnings

Saudi Arabia is reportedly seeking a bank loan of between $6B-$8B, in what would be the first significant foreign borrowing by the kingdom's government for over a decade. (File photo)

April 13th, 2016 - 06:00 GMT

Low oil continues to bite as Saudi suffers Fitch downgrade

Credit growth is expected to remain largely unchanged for 2015, according to Standard & Poor's analysts. (File photo)

August 30th, 2015 - 01:00 GMT

Oil price slump hits Islamic financial services

Al Bawaba

August 25th, 2015 - 06:06 GMT

GCC stock markets follow global tumble