S&P Global Ratings says residential sector rebound will be ahead of hospitality and retail
S&P Global Ratings
Accounting and Auditing Organisation for Islamic Financial Institutions
Standardisation critical to the sustainable growth of Islamic finance
A unified global legal and regulatory framework could make the industry more attractive to new players
bond issuance
Qatar Petroleum kicks-off first dollar bond sale in 15 years
State energy company may aim to raise around $10bn in what could be the biggest emerging-market debt offering so far this year
Damac Properties
Dubai’s Damac appoints top-level committee to assess $599m shares offer
Developer also announces the appointment of new chairman following the resignation of Hussain Sajwani
Damac Properties
Proposed Damac delisting would be ‘credit neutral’, says S&P
Ratings agency says proposed change in financial policy of the residential real estate developer will have little impact
Roman Rybalkin
Saudi banks set to outperform their regional peers in 2021-2022
Roman Rybalkin, CFA, Associate Director at S&P Global Ratings, says strong capitalisation, conservative regulation and government stimulus will support the banking sector in the kingdom
GCC economic growth
GCC economic recovery ‘to take several quarters’, says S&P
Ratings agency says rebound from twin shocks of the coronavirus pandemic and the drop in oil prices will take time
covid-19
Kuwait projects $40bn deficit as infighting delays reform
Budgeted capital expenditure is up 20% on the current year’s estimate
construction activities
Video: S&P Global Ratings’ Sapna Jagtiani on Dubai residential real estate
Construction Week speaks exclusively to Sapna Jagtiani, the director at credit rating agency S&P Global Ratings, which is a division of S&P Global that publishes financial research and analysis on bonds and commodities.
corporate debt
Video: The $3.7 trillion corporate debt question
About half of all issued corporate bond debt is rated triple-B, the lowest score for investment-grade debt.
Asian Development Bank
S&P cuts India’s growth forecast to 6.3%
Earlier ADB has slashed its projection for India’s GDP growth to 6.5% from its earliest estimate of 7.2%
International Monetary Fund
Saudi Arabia’s credit rating affirmed by S&P after oil attacks
S&P keeps the sovereign assessment at A-, four levels above junk and on par with Malaysia and Malta
Abu Dhabi economy
Abu Dhabi said to sell $10bn bonds amid demand for high quality debt
Source says emirate plans to sell benchmark-sized dollar-denominated bonds in three maturities
budget deficit
Lebanon on debt tightrope as S&P sets clock ticking to downgrade
S&P said that a continued decline in bank deposits – a key source of the government’s funding – could trigger a downgrade
Central Bank of Lebanon
Lebanon on debt tightrope despite avoiding further ratings downgrade
Lebanon buys itself some time with the market and won a reprieve from a downgrade deeper into junk by S&P Global Ratings
Dubai economy
Dubai’s GDP growth to pick up after 2018 slowdown, says S&P
Ratings agency S&P says Expo 2020 to drive economic growth in Dubai between 2019-22
Central Bank of Lebanon
Lebanon’s sovereign ranking likely to downgraded, says Goldman Sachs
Lebanon is currently on negative outlook at S&P Global Ratings