Hafeet Rail announces $1.5bn in project finance debt, secured by Emirati and Omani banks
Oman banking
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Fitch Ratings
Credit profiles of Omani banks to face pressure during 2021, says Fitch
Ratings agency says corporate loan deferrals are significant and, unless extended, will pose sizeable risks to asset quality when they expire in September
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
Banking & Finance
Oman Central Bank signs deal to set up credit bureau
Creditinfo Group wins contract to develop, roll-out and manage a credit registry system in sultanate
Bahrain banking
Standard Chartered to make top level changes in Gulf ops
Standard Chartered announces changes in the Gulf region following the retirement of key executives
Moody’s Investors Service
Moody’s downgrades Oman banking outlook
Rating agency announces changing outlook amid tightened liquidity