Fitch’s approach to rating banks’ regulatory Tier 2 capital qualifying securities in the six GCC countries (Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates) contrasts with the approach more commonly used in …Read full article » United Arab Emirates: Wednesday, March 20 - 2013 @ 10:17
This follows a strong year in 2011 where issuance was USD84.4bn, a 62% increase on 2010, according to Zawya Sukuk Monitor.
Confidence and investor sentiment toward Islamic bonds have contributed to growth, however, limitations remain.
One …Read full article » United Arab Emirates: Monday, January 14 - 2013 @ 16:23
Notwithstanding the support, Fitch believes strong economic fundamentals should also help Qatari banks to withstand the current economic downturn.
Amid a worsening global credit crisis the Qatari banks reported very strong results for 2008. Robust operating …Read full article » Qatar: Saturday, June 06 - 2009 @ 09:08
Qatari banks’ Long- and Short-term Issuer Default Ratings (IDRs) reflect expected support from the Qatari authorities. Any change in the rating Outlook for the Qatari banks’ IDRs would depend on changes in the sovereign rating. …Read full article » Qatar: Sunday, June 26 - 2011 @ 16:59
Fitch expects loan growth to increase in 2013, as confidence improves and infrastructure projects come on stream, stimulating the local economies, but much also depends on the global economy and regional unrest.
Fitch expects a …Read full article » United Arab Emirates: Saturday, January 19 - 2013 @ 09:25
Fitch Ratings says in its 2014 Outlook report for Middle East and North Africa (MENA) sovereigns that it expects creditworthiness in the region to be Stable. Two sovereigns are on Positive Outlook, Saudi Arabia and …Read full article » : Monday, December 16 - 2013 @ 09:15
In the GCC the majority of office and residential lease period is typically one year. Land and Industrial facilities can have long-term leases, up to 30 years. However, they will usually have a break clause …Read full article » United Arab Emirates: Thursday, September 05 - 2013 @ 12:42
Spending growth will moderate in 2012 compared with last year. In 2011, spending growth reached 24%, the highest in a decade. The government raised public sector wages, created government jobs, injected capital into state-owned lenders …Read full article » Saudi Arabia: Saturday, January 07 - 2012 @ 10:16
In a special report issued Fitch says the outlook for the Saudi banking sector remains stable, with banks continuing to benefit from sustained high oil prices and the resultant positive impact on the economy. “As …Read full article » United Arab Emirates: Wednesday, May 02 - 2007 @ 11:24
Fitch Ratings says in a new report that Saudi banks should continue to see strong performance, with ample opportunities for lending provided by a favourable economic outlook. The prospects for Saudi Arabia’s economy are strong …Read full article » : Tuesday, January 21 - 2014 @ 12:27