However, risks remain from increasing competitive pressures and exposure to potentially volatile regional stock markets and property sectors.
The Bahraini banking sector has benefited from a benign operating environment, considerable regional government infrastructure spending given …Read full article » Bahrain: Thursday, March 29 - 2007 @ 09:36
We estimate that the new investment will require around $2.5bn to $3.0bn of investments and capex over the next three years. As this is a greenfield network roll-out, we do not expect any material positive …Read full article » Qatar: Tuesday, July 02 - 2013 @ 13:33
“The sector is the smallest in the GCC region and this constrains the ratings, but all-in-all the story is good; healthy financial indicators, better management, larger franchises and adequate risk management are key rating factors …Read full article » Oman: Monday, April 21 - 2008 @ 12:46
Fitch Ratings says there is no impact on Bahrain Telecommunications Company’s (Batelco; BBB-/Negative) ratings, following the Supreme Court of the Seychelles’ recent declaration of bankruptcy of Mr. Sivasankaran, a creditor of a Batelco subsidiary.
According to …Read full article » : Tuesday, September 02 - 2014 @ 10:26
New rules issued by the United Arab Emirates’ Securities and Commodities Authority (SCA) could help the country become a regional hub for bond and sukuk issuance by smaller corporates, Fitch Ratings says.
If successful among UAE …Read full article » : Thursday, September 18 - 2014 @ 14:18
While there is demand for Islamic banking, and its growth across the Gulf region is likely to outpace that of conventional banking, recent experience from Qatar suggests that customers in Oman will opt to get …Read full article » Oman: Wednesday, October 03 - 2012 @ 15:15
A more market-determined exchange rate, arising from the central bank auction system introduced on 30 December, is potentially positive. Allowing depreciation can boost competitiveness and indicates that the central bank will not defend the currency …Read full article » Egypt: Saturday, January 05 - 2013 @ 09:29
The agency believes that the deal has no implications on the implied support of, commitment from, and ownership of Government of Abu Dhabi(‘AA’/Stable) for Mubadala, which is the main driver of its ratings.
Mubadala announced today …Read full article » United Arab Emirates: Sunday, February 20 - 2011 @ 12:01
Fitch’s initial assessment is that Mashreqbank should be able to absorb potential credit losses stemming from the Saad and Al Gosaibi Groups exposure, given its current profitability and capitalisation levels.
As a result, Fitch considers Mashreqbank’s …Read full article » United Arab Emirates: Monday, July 06 - 2009 @ 15:06
Fitch expects profitability to trend downward, as a result of slower loan growth, rising impairment charges (both for lending and investments) and the possibility of further negative mark-to-market valuations.
Kuwaiti banks indirect exposure to the stock …Read full article » Kuwait: Saturday, February 21 - 2009 @ 12:33