Fitch Ratings announced on 16 August that it has affirmed Abu Dhabi’s long-term foreign and local currency Issuer Default Ratings (IDR) at AA with a stable outlook. The issue ratings on Abu Dhabi’s senior unsecured foreign and local currency bonds…
Month: August 2014
Ascom Geology & Mining wins initial New Suez Canal contract
Egypt’s Ascom Geology & Mining has won the contract to complete dry sand excavation of a 1km-long and 400 metre wide section of the New Suez Canal, Qalaa Holdings announced today. Ascom is one of three companies owned by Qalaa…
Industries Qatar results below forecast: NBK
Second quarter income reported yesterday by Industries Qatar (IQ) was below expectations, according to National Bank of Kuwait (NBK). “(It) came in at QR 1,254m, which is significantly below our and the Bloomberg consensus expectations of QR 1,690m and QR…
Saudi Arabia to accelerate investment in minerals supply chain
Saudi Arabia is accelerating its mineral resources development plan in an initiative that will facilitate the development of its mining industry, mining industry leaders in the kingdom have told MEED. “The aim is to establish mining and its support services…