For full coverage of business developments in the Middle East, see MEED Fitch Ratings has affirmed Bahrain’s long-term foreign and local currency issuer default ratings (IDR) at Fitch Ratings BBB- and BBB, respectively. The issue ratings on Bahrain’s senior unsecured…
Month: December 2015
Fitch affirms Kuwait at AA
For full coverage of Middle East business developments, see MEED Fitch Ratings has affirmed Kuwait’s long-term foreign and local currency issuer default ratings (IDR) at AA. The outlooks are stable. The country ceiling has been affirmed at AA+ and the…
Iran aims for immediate 500,000 b/d production increase
Iran’s Oil Minister Bijan Zanganeh For full coverage of business developments in Iran and the Middle East, see MEED Iran aims to increase oil output by 500,000 barrel a day (b/d) immediately after the relaxation of international sanctions, which could…
US State Department says Iranian nuclear co-operation adequate
US State Department spokesman Mark Toner said today that the International Atomic Energy Agency (IAEA) had confirmed Washington’s allegation that Iran had once been working on a nuclear bomb, but he added that Iran had cooperated adequately with IAEA investigators. “The…
Obama administration says Iran sanctions off as early as January: Wall Street Journal
The New York Wall Street Journal reported today that the Obama administration had welcomed the submission of the International Atomic Energy Agency’s report on Iran’s alleged nuclear-weapons work, and said it would likely pave the way for the removal of economic sanctions…
IAEA says Iran complied with nuclear road-map; no indications of bomb development after 2009
For full coverage of business developments in Iran and the Middle East, see MEED The eagerly-awaited International Atomic Energy Agency’s (IAEA’s) assessment of Iran’s compliance with the Joint Comprehensive Plan of Action (JCPOA) and associated nuclear road-map says the Islamic…
IMF forecasts lower oil prices in 2016
For full coverage of Middle East business developments, see MEED The IMF has revised down its oil price forecast for 2016 in its annual Article IV report on the economy of Kuwait released today. It shows the average price of…
GFH Capital buys Saudi bread and sweets maker
For full coverage of Middle East business developments, see MEED GFH Capital, a subsidiary of GFH Financial Group, announced today that it has agreed to acquire an unidentified market leading bread and sweets producer in Saudi Arabia for a transaction…