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: December 30, 2016
UAE. Egypt on a different trajectory with gains of 9.7%, followed by Qatar +2.0% and Bahrain +0.9%; Firmness in oil may act as a catalyst as we move into 2017.
Posted: December 15, 2016
UAE. The market is expected to record at best US$120 billion worth of contract awards in 2016, down at least a third on 2015 levels, according to a report by MEED Insight.
Posted: December 4, 2016
BAHRAIN. Dredging Corporation of India and Riyada Group-Bahrain signs MOU in Bahrain for business cooperation in dredging and allied services.
Posted: November 18, 2016
BAHRAIN. Almost no residential submarkets in Bahrain registered any change in rents during Q3; Q3 marked the sixth consecutive quarter of sluggishness for retail rents.
Posted: November 17, 2016
UAE. The massive investment is being made in anticipation of a surge in passenger traffic, along with more than US$100bn-worth of airport projects that are currently underway and planned across the Middle East.
Posted: November 16, 2016
BAHRAIN. AUB received the award for the third consecutive year at FT's Global Private Banking Awards ceremony held recently in London.
Posted: October 8, 2016
INTERNATIONAL. The impact of having to write provisions up front will not be that significant because GCC banks are already used to booking general reserves when they extend new loans.
Posted: September 28, 2016
BAHRAIN. Rating driven solely by Bahrain's IDR of 'BB+'. This reflects Fitch's view that default of these senior unsecured obligations would reflect default of Bahrain.
Posted: September 28, 2016
BAHRAIN. Start-ups from Bahrain, UAE, Saudi Arabia, Kuwait, Morocco, Palestine, Egypt and Jordan to network with potential investors.
Posted: September 27, 2016
UAE. Finesse to implement a sophisticated Business Intelligence solution using Qlik, one of the market-leading products in this field.
Posted: September 23, 2016
BAHRAIN. The new office is located at the heart of the Kingdom's business community
Posted: September 18, 2016
UAE. Al Masah Weekly report: Dubai and Abu Dhabi down 1.05% and 0.4% for the week respectively as both witnessed selling pressures in the real estate sector stocks.
Posted: September 16, 2016
INTERNATIONAL. Researchers at the Universities of Birmingham and Brighton studied a merger in Bahrain, between an Islamic bank and a conventional bank in the wake of financial crisis.
Posted: September 7, 2016
UAE. Six pavilions exhibit the work of the region's most exciting curators, designers and studios; This year's theme invited designers to produce work inspired by "The Human Senses".
Posted: August 28, 2016
UAE. Entrepreneurs cite personal fulfillment, freedom to choose a work-life balance and the ability to be their own boss, according to Bayt.com and YouGov report.
date:Posted: December 30, 2016
UAE. Booz Allen Hamilton forecasts energy trends in 2017; In the oil and gas industry, as well as in electric power, major internal and external forces are driving change, requiring industry leaders to revisit strategies.