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Posted: 03-08-2011
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: April 16, 2018
BAHRAIN. Event organized by American Chamber with speakers from Deloitte; Bahrain is committed to bringing VAT into force by 1 January 2019, although an exact date has yet to be set.
Posted: April 9, 2018
UAE. Despite low revenue growth of 2.3 % in 2017 from about 3 percentage points in 2016, GCC banks achieved 6% profit growth due to declining LLPs and cost reductions, BCG's annual banking performance study revealed.
Posted: April 9, 2018
UAE. Most of the regional indexes ended last week on a negative note with Bahrain -2.7%, followed by -2.6% in Kuwait, -0.8% and -0.2% in Dubai and Egypt, respectively.
Posted: April 8, 2018
UAE. The Bank is licensed by the Central Bank of Bahrain (CBB) as a wholesale bank with rights to offer Islamic products.
Posted: April 6, 2018
UAE. The hospitality market across the MENA region witnessed marginal growth in 2017, according to the latest Middle East Hotel Benchmark Survey Report from EY.
Posted: March 27, 2018
UAE. Most regional indices ended the down with Oman leading the pack, -2.0%, followed by Bahrain, -1.6% and Dubai, -1.5%.
Posted: March 24, 2018
UAE. With a total rated capacity of 150 MW (186 MWp) the plants are owned 50% by each company; An investment of around US$180 million will produce clean energy equivalent to the consumption of 150,000 homes.
Posted: March 19, 2018
UAE. Geopolitical tensions and trade tariffs were the main focus last week, with investors being cautious on news the US may impose tariffs on Chinese imports.
Posted: March 19, 2018
UAE. Total of 94 projects competing for honours in 16 different categories.
Posted: March 13, 2018
BAHRAIN. The third edition of Art Bahrain across Borders (ArtBAB) shall be officially opened on March 14, 2018 at the Bahrain International Exhibition & Convention Centre.
Posted: March 5, 2018
UAE. Dubai last week had the worst performance among the main regional markets, -2.4%, followed by Saudi Arabia, -1.5%. Bahrain ended the week +1.6%.
Posted: February 28, 2018
UAE. Architecturally inspired by traditional Bahraini summerhouses, the hotel will blend history and modern culture with a chic dining, spa and pool scene.
Posted: February 27, 2018
UAE. GESS Dubai to discuss challenges and opportunities in teacher recruitment; the total number of schools is 1,597 with a little over 1.1 million students.
Posted: February 26, 2018
UAE. Most of the main regional indices ended the week on a subdued note; Egypt was best performer +2.4%; followed by Bahrain +0.9%, and Saudi +0.2%.
Posted: February 14, 2018
LONDON. Insurers in the GCC have historically enjoyed significant capital buffers and benefited from extensive reinsurance support, however continuing headwinds could lead to potential volatility in the operating performance and capitalisation of market participants.

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: April 19, 2018
UAE. Software technology sector saw most number of professionals changing jobs in 2017; Lack of opportunities for career advancement touted as the biggest reason.
date:Posted: April 19, 2018
LEBANON. Drop due to the suspension of interest-rate subsidies on housing loans at the beginning of the year; The index is at its lowest level since Q2 2015 and the third lowest level in 43 quarterly readings; Reviving demand in Lebanon requires immediate measures and incentives from the government.
date:Posted: April 18, 2018
UAE. Speaking at the Arabian Hotel Investment Conference (AHIC), Dr. Martin Berlin, Partner and Global Deals Real Estate Leader said the issues and challenges facing Middle East Hospitality and Tourism can be grouped into five categories, collectively known by their acronym ADAPT.
LEBANON. Drop due to the suspension of interest-rate subsidies on housing loans at the beginning of the year; The index is at its lowest level since Q2 2015 and the third lowest level in 43 quarterly readings; Reviving demand in Lebanon requires immediate measures and incentives from the government.
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