BAHRAIN. Bahrain's creditworthiness escaped a possible downgrade at Fitch Ratings because of reduced near-term political and economic risks in the island-kingdom that contended with anti-government protests earlier this year.
Fitch said it removed the Gulf kingdom from its Credit Watch Negative list for borrowers facing a possible downgrade.
Bahrain’s long-term foreign-currency issuer default rating was affirmed at BBB, the second-lowest investment grade, and its local-currency issuer default rating at BBB+.
“The resolution of the Rating Watch Negative and affirmation of the rating r
Posted: September 17, 2014
BAHRAIN. "These properties provide significant diversification across product types and tenants and are located in fast-growing markets with strong demand generators."
Posted: September 12, 2014
BAHRAIN. The decision was driven by declining valuations across the industry, one person said. Discussions are ongoing and no final decision has been made on the timing, according to two people familiar with the matter.
Posted: September 10, 2014
BAHRAIN. "Bahrain, which is working to find its feet following the global downturn and national tensions, will receive a tremendous boost from improved connectivity with the rest of the GCC."
Posted: September 9, 2014
EGYPT. US Secretary of State John Kerry will meet Arab foreign ministers in Saudi Arabia Wednesday as he bids for a broad coalition against the Islamic State.
Posted: September 8, 2014
SAUDI ARABIA. Hydrocarbon revenues in KSA and Kuwait make up to 90% plus of total revenues; Leading GCC economies remain susceptible to fluctuations in global energy prices, according to Alkhabeer Capital latest report.
Posted: September 4, 2014
UAE. UAE hosts 7 phishing URLs, highest in the region; 80% OF business users unable to detect scams; Finance and HR departments, which hold sensitive data, performed worst.
Posted: September 4, 2014
BAHRAIN. Rebecca Hellerstein will have primary responsibility for fundamental cross asset and alternative risk factors research.
Posted: September 3, 2014
BAHRAIN. "GLE will seek to continue on-going growth with strategic investments in The Test Factory's business and technology to offer a broader portfolio of assessment and analytical solutions for corporate and educational customers."
Posted: September 1, 2014
BAHRAIN. The number 1 mobile taxi App in the World introduced in Bahrain;Free Taxi Week to be offered as part of the launch.
Posted: August 26, 2014
UAE. Paperless offices are popular, with 50% of respondents saying that they are encouraged to use email or online resources instead of printing out documents.
Posted: August 25, 2014
UAE. With its oil wealth, population growth and strong demand for industrial and consumer goods, the MENA region is an attractive market. There are, however, potential pitfalls in doing business, particularly when it comes to appointing local agents to distribute products in the region.
Posted: August 20, 2014
UAE. The seminars which are only for investment professionals will take place from 8:30am - 12:00pm: in Riyadh (a mixed event) on August 31st, Bahrain on Sept 1st, Kuwait Sept 2nd, Abu Dhabi Sept 3rd, Dubai Sept 4th, and Doha on Sept 7th.
Posted: August 19, 2014
UAE. Executives and junior executives are especially in demand amongst MENA employers, according to Bayt.com and YouGov survey.
Posted: August 13, 2014
UAE. The initial public offering market in the GCC in the second quarter of 2014 started off and ended on a high, with a total of seven IPOs, compared to two in Q1 2014.
Posted: August 11, 2014
BAHRAIN. Through Investcorp's stewardship, SourceMedia made significant investments and changes to the business that advanced its digital-first strategy.