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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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A man walks past a money exchange in Beirut after Lebanon's central bank announced measures to facilitate access to dollars for importers of petroleum products, wheat, and medicine amid fears of a dollar shortage.
October 7th, 2019 - 08:41 GMT

The One Million Dollar Question: Is the Lebanese Pound at Risk of Devaluation?

Fitch predicted a deficit of 9.2% of GDP in 2019 and a nominal GDP growth of 3.3%, compared with the government assumption of 5.7%.
August 25th, 2019 - 07:51 GMT

Fitch Downgrades Lebanon for the First Time in 3 Years


The seven sovereigns rated by S&P Global Ratings have liquid government assets totaling more than 100% of GDP; notably, three are members of the Gulf Cooperation Council. (SG)
August 28th, 2018 - 09:56 GMT

3 GCC Countries With Liquid Assets Over 100% of GDP

Debt issuance in the GCC would be led by Saudi Arabia's $16 billion. (Shutterstock)
August 16th, 2018 - 08:43 GMT

GCC Sovereign Debt Issuance to Exceed $50 Billion

Ehsan Khoman, Head of Research and Strategist for MENA at MUFG (CPI Financial)
August 2nd, 2018 - 11:13 GMT

Changes to Be Witnessed in the Middle East's Economy

The Islamic insurance sector continues to face secular challenges around relatively concentrated and undifferentiated business models and high expense ratios. (Shutterstock)
July 23rd, 2018 - 09:54 GMT

Islamic Insurance Industry Remains Profitable Regardless of the Net Profit Plummet

Khalid Al-Hussan. (Illustration: Luis Grañena) (Arab News)
June 24th, 2018 - 12:15 GMT

After MSCI Upgrade, Tadawul Chief Turns to the Next Challenge for Saudi Arabia

Officials hope that the moves will attract new businesses to the country, driving future growth, and giving a much-needed boost to its real-estate market. (Pixabay)
May 23rd, 2018 - 07:53 GMT

6 Questions Expats might have on UAE's New Visa Regulations

S&P expects the Kingdom to register modest economic growth this year thanks to rising government investment and an improvement in oil prices. (AFP/ File)
April 8th, 2018 - 09:58 GMT

Saudi Arabia's Economic Outlook Remains Stable: S&P

As per the law, most financial services are VAT exempt in the UAE. (Shutterstock)
April 4th, 2018 - 08:22 GMT

UAE Banks May Hike Fees to Offset Additional VAT Costs in 2018

Gold ended 2017 up double digits, despite pressure from skyrocketing stocks and massive cryptocurrency speculation. (File photo)
April 2nd, 2018 - 11:16 GMT

Is Gold Headed to $1,500 This Spring?

With construction work well under way ahead of the opening of the event in 31 months’ time, the property market remains stubbornly in the doldrums. (Shutterstock)
March 28th, 2018 - 07:43 GMT

Dubai Property Market to Banish Real Estate Gloom With Expo 2020 Megaprojects

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