In September, S&P revised Saudi Arabia’s outlook to positive from stable on the back of strong non-oil growth outlook and economic resilience
Moody’s
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business challenges
Majority of firms struggle with entity verification data quality: Moody’s
This comes as regulatory pressures and geopolitical risks are increasing the importance of robust entity verification processes
cargo operations
DP World’s spectacular performance and fiscal policies earns Moody’s upgrade
The credit rating agency praises DP World’s diversified global operations and how it reduced net debt to EBITDA below 4.0x
business environment
Moody’s predict Saudi economy to grow at 3.9 percent in the next 4 years
The credit rating agency said Saudi government’s ongoing structural economic, legal and social reforms to improve business environment in the country will begin to bear fruit by way of higher private sector investment growth
Moody’s
Saudi Arabia’s credit rating outlook raised to stable by Moody’s
Citing the kingdom’s ability to reverse much of last year’s debt increase Saudi Arabia’s credit rating outlook was raised to stable from negative by Moody’s Investors Service.
corporate debt
Video: The $3.7 trillion corporate debt question
About half of all issued corporate bond debt is rated triple-B, the lowest score for investment-grade debt.
Abdulla Mohammed Al Awar
Dubai signs key deal to grow green sukuk sector
Dubai Islamic Economy Development Centre announces agreement with the Dubai International Financial Centre, the Dubai Financial Market and Climate Bonds Initiative
Crude price
GCC sovereigns will continue to run fiscal deficits, says Moody’s
Economic reforms have been ‘uneven’ across the region, according to a new report from Moody’s
Moody’s
UAE’s VAT revenues exceeded expectations in 2018, says Moody’s
VAT collections in the UAE last year totalled $7.4bn, compared to an anticipated $3.3bn
Moody’s
Moody’s warns of ‘funding squeeze’ in Oman
Ratings agency says the risk of a slow and progressive erosion in government deposits is on the rise
Bahrain
Oman to avoid Bahrain-style bailout, says Moody’s
Oman now has a sub-investment grade at all three major rating companies after Moody’s lowered its rating to Ba1
Abu Dhabi Commercial Bank
UAE’s four biggest banks see combined profit rise of 21%
UAE’s four largest banks’ rise in profitability was largely driven by higher net interest income and lower provisions
economic reforms
Stable outlook for GCC firms in 2018, says Moody’s
Improving oil prices and ongoing commitment to public spending will underpin the outlook for companies in the region
Expo 2020 Dubai
Outlook for GCC banks “stable”, says Moody’s report
Forecast is strongest in UAE, Saudi Arabia and Kuwait, while Oman and Bahrain are weaker due to their fiscal position