The UAE will be the principal Middle East beneficiary of the lifting of international sanctions on Iran as part of the Joint Comprehensive Plan of Action agreed between the Islamic republic and the US, China, Russia, the France, the UK…
Month: August 2015
Fitch rates Iraq at below investment grade
Fitch Ratings, the international credit rating agency, today assigned a sovereign rate of B- to the Iraq in anticipation of the offering later this year of government bonds to finance Baghdad’s budget deficit. This is the first credit rating for…
Dubai’s Empower says district cooling boom continues
The Middle East’s district cooling industry is getting steadily stronger as developers, owners and tenants of buildings in the region increasingly recognise the economic and sustainability benefits of a technology that uses up to 50 per cent less energy than…
Qatar backs nuclear deal
Qatar signalled last night that it backed the nuclear deal between the US, Russia, China, the UK, France and Germany. “This was the best option amongst other options in order to try to come up with a solution for the…