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
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.
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.
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. "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."
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