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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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Leaders from the world’s top 20 economies are set to meet in Buenos Aires this week, with the current state of the global economy at the top of the agenda. (AFP)
March 19th, 2018 - 12:59 GMT

G20 Meeting, Bitcoin Woes: 5 Things to Know in Global Markets Today

The report said little relief was expected until Expo 2020. (File photo)
February 21st, 2018 - 06:00 GMT

Dubai Real Estate Slump to Continue for Another Two Years: Report

GCC countries are still far from adopting resolution regimes discussed during the financial crisis in 2008, a report says. (File photo)
February 14th, 2018 - 11:30 GMT

GCC Banks Still Far From 2008 Resolutions: Report

Some GCC countries could double the VAT rate to 10 percent, analysts said on Sunday. (File photo)
January 29th, 2018 - 11:22 GMT

Some GCC Countries Could Double VAT to Boost Revenue: Analysts

After a strong performance last year, it's unclear whether the global sukuk market can stage a repeat performance in 2018, according to a report by S&P Market Intelligence. (Shutterstock)
January 10th, 2018 - 02:00 GMT

Report: Can Global Sukuk Market Stage a Repeat Performance in 2018?

Saudi Arabia's non-oil revenue jumped 80 percent in the third quarter to SR47.8 billion, according to official figures. (File photo)
November 21st, 2017 - 12:21 GMT

Saudi Arabia's Credit Ratings Affirmed by S&P, With Stable Outlook

In this article, Ellen Wald lists five reasons why oil prices are soaring. (AFP/ File)
November 7th, 2017 - 07:00 GMT

5 Reasons Why Oil Prices Are Soaring (No, It's Not the Saudi Arrests)

The profitability of Gulf Islamic banks will deteriorate this year and in 2018 with several factors coming into play. (File photo)
September 19th, 2017 - 01:28 GMT

Profitability of Gulf Islamic Banks to Fall in 2017: Report

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

S&P affirmed this week its 'AA-/A-1+' long- and short-term foreign and local currency sovereign ratings on Qatar. (Shutterstock)
August 29th, 2017 - 11:28 GMT

Qatar’s Outlook Negative as Long as Blockade Remains: S&P

A rebel fighter stands at a roundabout in the center of town in Ajdabiya, Libya on March 15, 2011. (Roberto Schmidt/ AFP)
July 13th, 2017 - 07:00 GMT

What OPEC Can Do About Added Oil Production From Libya, Nigeria

Qatar has the third-largest proven gas reserves in the world. (File photo)
June 19th, 2017 - 10:31 GMT

S&P Downgrades Qatar Petroleum’s Rating to AA-, From AA

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