EconomyTop StoriesIMF’s commitments to bolster support for low-income nations: Al-JadaanGBO CorrespondentNovember 4, 2024November 4, 2024 GBO CorrespondentNovember 4, 2024November 4, 2024 Al-Jadaan announced the addition of a 25th seat on the IMF Executive...
Banking and FinanceTop StoriesGCC banks to see earnings hit by lower interest rates, says Fitch reportGBO CorrespondentOctober 23, 2024 GBO CorrespondentOctober 23, 2024 Kuwait would have the highest average NIM sensitivity to a 100bp rate...
Banking and FinanceTop StoriesKenya close to borrowing USD 1.5 billion from Abu DhabiGBO CorrespondentSeptember 30, 2024October 1, 2024 GBO CorrespondentSeptember 30, 2024October 1, 2024 It is predicted that the ratio will only slightly decrease to 65.6%...
MarketsTop StoriesUAE’s debt capital market likely to top USD 300 billion in 2025: FitchGBO CorrespondentJuly 24, 2024 GBO CorrespondentJuly 24, 2024 Fitch rates sukuk issued in the United Arab Emirates at USD 26.5...
EconomyTop StoriesFitch maintains UAE’s ‘AA-‘ rating, here are the reasonsGBO CorrespondentJuly 2, 2024 GBO CorrespondentJuly 2, 2024 Fitch stated that even with a moderate government debt-to-GDP ratio, the UAE's...
MarketsTop StoriesGCC fragmented debt market continues to rise, finds FitchGBO CorrespondentMay 28, 2024May 27, 2024 GBO CorrespondentMay 28, 2024May 27, 2024 Over the last fifteen months, Fitch has upgraded Oman, Qatar, and Saudi...
EconomyTop StoriesFitch upgrades Nigeria’s outlook from stable to positiveGBO CorrespondentMay 9, 2024 GBO CorrespondentMay 9, 2024 Nigeria and Egypt’s economic fortunes have dimmed in the last few months...
Banking and FinanceTop StoriesFitch predicts losses for Gulf banks with Turkish subsidiariesGBO CorrespondentApril 18, 2024 GBO CorrespondentApril 18, 2024 Fitch predicts that inflation in Turkey will likely average 29% in 2025...
EconomyTop StoriesFitch affirms Saudi Arabia ‘A+’ ratingGBO CorrespondentFebruary 8, 2024 GBO CorrespondentFebruary 8, 2024 Saudi Arabia possesses substantial fiscal buffers in the form of deposits and...
EconomyIssue 01 - 2024MAGAZINEEconomy faces uncertainty amid warGBO CorrespondentJanuary 30, 2024January 30, 2024 GBO CorrespondentJanuary 30, 2024January 30, 2024 Exchange rates, commodities prices, and stock market indices are all significantly impacted...