Standard & Poor’s Global updates credit rating for Ras Al Khaimah
S&P
Latest in S&P
EDB
EDB is highest rated bank in the UAE and MENA as S&P Global raises credit rating to AA
UAE’s Emirates Development Bank becomes highest rated bank in the MENA region after S&P Global credit rating boost
GCC banking
GCC Banks’ profitability to remain strong in 2024: S&P
Banks in the GCC will be strong in 2024 as interest rates stay relatively high, according to S&P Global
GDP
UAE GDP to grow 5.3% in 2024: S&P
S&P Global Ratings expects UAE GDP growth to accelerate to 5.4 per cent this year
GCC banking
GCC banks will remain profitable in 2024 despite economic headwinds: S&P
S&P Global’s GCC Banking Sector Outlook 2024 optimistic despite challenges
Global ratings
India’s services PMI posts a 13-year high in September
The latest movement in services PMI is contrary to the country’s manufacturing PMI, which declined to 5 months low of 57.5 in September
S&P
UAE economy to grow 3% this year, 4% in 2024: S&P
UAE economy will see growth this year and accelerate further in 2024 says S&P
India
India’s manufacturing PMI at four-month high in April, output, new orders rise
The survey results, reported on Monday, suggested India will continue to be one of the fastest-growing major economies despite slowing global growth that has undermined momentum across several other countries
gcc economy
Revealed: How MENA equity funds performed in the first half of 2021
S&P Indices Versus Active Funds MENA Scorecard shows that 93% of regional funds underperformed in H1
credit ratings
Kuwait’s credit rating cut for second time in two years by S&P
Ratings agency says fall in oil revenue and increased spending has pressured the Gulf nation’s fiscal outlook
debt market
How Saudi Arabia is likely to fund its Vision 2030 ambitions
Ratings agency S&P says Saudi Arabia’s debt capital market is set to take on a larger role in financing huge programme
coronavirus oil prices
S&P affirms Saudi credit ratings, outlook remains stable
S&P Global Ratings affirmed Saudi Arabia’s ‘A-/A-2’ long- and short-term sovereign credit ratings
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Expats
Gulf population falls 4% amid pandemic-fuelled expat exodus, says S&P
Ratings agency warns that foreign labour outflow could complicate economic diversification effort in the long run
