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
BAHRAIN. Deloitte releases global Takaful Insurance market report and hosts Middle East roundtable on Islamic Finance regulatory and industry challenges.
BAHRAIN. Rating action prompted by the impact of a low-growth, high government expenditure and weaker oil price scenario on Bahrain's long-term debt sustainability.
BAHRAIN. Bahrain picks BNP, Citi, JP Morgan and GIB Capital; Proceeds likely to be used to plug an expected budget deficit for 2013; Roadshows running June 12-18, benchmark-size deal may follow.
UAE. Private financial wealth in the Middle East and Africa grew to US$4.8 trillion, an increase of 9.1%, according to The Boston Consulting Group's 2013 Global Wealth Report.
BAHRAIN. The prestigious award recognizes banking leaders in the region who have made significant contributions to the Middle East's financial services. industry over the years
UAE. The session provided a strategic overview of the employment and workforce management aspects of operating in each of the six GCC countries and the basic resources needed to face the challenge of adhering to varying labour laws in each of the GCC countries.
BAHRAIN. The comments represent a departure from the traditional Arab view of Hezbollah as a main force against Israel and show widening sectarian divisions.
UAE. Only 3% state a high level of satisfaction with their current remuneration; 21% expect a raise of more than 15% in 2013, according to Bayt.com and YouGov Salary survey.
INTERNATIONAL. Oil exporters maintain healthy non-oil growth, oil importers see moderate recovery; Transition countries need resolute actions to maintain economic stability and promote inclusive growth.
INTERNATIONAL. The luxury department store chain hired Goldman Sachs to explore strategic alternatives, including a possible sale, according to a source briefed on the matter.
BAHRAIN. The emphasis of development will likely shift more towards the tradable sector. Sectors of particular promise include knowledge-based services and high value-added manufacturing, according to Dr. Jarmo Kotilaine, Chief Economist at the Bahrain EDB.
INTERNATIONAL. Bahrain has maintained its position as a key insurance hub and continues to post growth in its insurance market despite a prolonged period of political turbulence.
BAHRAIN. 85% support the motion that the benefits of social media are worth the consequences, compared to the initial vote of 65% before the arguments began.
BAHRAIN. Bahrain must urgently cut spending or risk unsustainable public debt as its fiscal deficit widens and oil prices decline, according to the IMF.
BAHRAIN. Deloitte releases global Takaful Insurance market report and hosts Middle East roundtable on Islamic Finance regulatory and industry challenges.
UAE. The Guidelines seek to set minimum and uniform standards of conduct for those who represent parties in international arbitration - regardless of a representative's professional background.
INTERNATIONAL. "The UAE and Qatar's upgrade to emerging market status is a milestone event for both markets. In the long term, we see a significant and exponential transformation, supported by a strong growth outlook for both markets."
BAHRAIN. Deloitte releases global Takaful Insurance market report and hosts Middle East roundtable on Islamic Finance regulatory and industry challenges.
INTERNATIONAL. Negotiations launched for the world's most ambitious free-trade deal; Promises thousands of new jobs and accelerated growth on both sides of the Atlantic.
QATAR. The deal announced at the 2013 Paris Air Show is worth up to US$2.8 billion includes firm orders for two airplanes and commitments for seven more.
INTERNATIONAL. In this exclusive interview, Chris Faulkner, CEO of Breitling Energy Companies discusses how Bakken has turned the US into an economic powerhouse and how the US can compete with Saudi Arabia.
UAE. 60% of high net worth individuals (HNWIs) in the Middle East believe wealth creation is faster today than in the past, more than any other region globally, according to latest edition of Barclays Wealth Insights
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