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UAE’s Masdar achieves its first credit ratings from Moody’s & Fitch

Masdar, one of the world's fastest-growing renewable energy companies, has received its first credit ratings from Moody's Investor Services and Fitch Ratings, placing it...

Oman’s cost-cutting steps helped to lower public spending by 2.1% in...

Actual revenues accumulated by the Omani government in 2020 have touched $22.09 billion, a 20.5 percent decline from estimates for the year. However, the...

Fitch upgrades Saudi Arabia’s outlook to stable ‘A’

Fitch, an American credit rating agency has upgraded Saudi Arabia's outlook from negative to stable and rated it at 'A', citing significantly higher oil...

OPEC+ delayed production decision tests group’s coordination capacity; Fitch

American credit rating agency, Fitch Ratings has stated that the OPEC+ has delayed its decision on the extent of crude oil production increases, raising...

GCC banks to maintain ample liquidity in 2021-22 despite pandemic: Fitch

The banks in the Gulf Cooperation Council (GCC) region are projected to maintain adequate liquidity in 2021-22 despite the pandemic driven economic crisis and...

New pipeline projects will hasten global hydrogen development; Fitch Rating

American credit rating agency, Fitch rating has found that the countries around the world are speeding up the deployment of green hydrogen across 72...
UAE

Fitch shares stable 2021 outlook for Islamic banks in the GCC...

One of the 'Big Three' global credit rating agencies, US-based Fitch Ratings has shared a stable outlook for Islamic banks in the Gulf Cooperation...

Sukuk issuance will reach 2019 levels this year: Fitch Rating

The Sukuk issuance volumes globally are projected to reach the level of the previous year in 2020, despite the unexpected economic crisis due to...
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