For full coverage of Middle East business developments, see MEED The IMF has cut its forecast of real growth in the Saudi Arabian economy in 2016 by one full percentage point to 1.2 per cent in its World Economic Outlook…
Month: January 2016
Etihad named business airline of the year
For full coverage of Middle East business events, see MEED Etihad Airways was named last night as business airline of the year at the 2016 Business Travel Awards at the Grosvenor House Hotel on London’s Park Lane. The awards, organised…
S&P says MENA sovereign creditworthiness has deteriorated
For full coverage of Middle East business, see MEED Standard & Poor’s Ratings Services (S&P) said today that overall sovereign creditworthiness in the Middle East and North African (MENA) region has deteriorated since S&P last published six months ago. S&P…
Fitch affirms QNB’s rating
Fitch Ratings has affirmed Qatar National Bank’s (QNB’s) long-term issuer default rating (IDR) at AA- with a stable outlook and has placed QNB’s viability rating (VR) of a on rating watch negative (RWN) following QNB’s proposed acquisition of Finansbank. The…
Daimler to re-enter Iran market
For full coverage of business developments in Iran, see MEED Germany’s Daimler said today that it had signed letters of intent with Iran Khodro Diesel (IKD) and the Mammut Group. The areas of cooperation include a joint venture for local…
ME investment banking fees fell 16 per cent in 2015
Middle Eastern investment banking fees reached $636.4 million during full year 2015, 16 per cent less than the value recorded during full year 2014 and the lowest annual period for investment banking fees in the region since 2012, the annual…
Iran’s foreign banks accounts to be freed Monday
For full coverage of business events in Iran, see MEED Deputy governor of the Central Bank of Iran Gholamali Kamyab said today that Iran’s blocked accounts in foreign banks will be reopened as of Monday. He also told a press…
US agrees $1.7bn Hague payment to Iran
For full coverage of business events in Iran, see MEED The US is to repay Iran a $400 million debt and $1.3 billion in interest dating to the Islamic revolution, Secretary of State John Kerry said today. The repayment,…
EU to send energy mission to Iran
For full coverage of business events in Iran, see MEED The European Commission will undertake a first “technical assessment mission” in February to explore energy ties with Iran following the lifting of international sanctions, European Climate and Energy Commissioner Miguel…
World waits for Iran sanctions deal
Confirmation that today would be Implementation Day under the Joint Comprehensive Plan of Action (JCPOA) is still pending in Vienna tonight where world leaders converged in anticipation of the end of international sanctions against Iran. The nuclear agreement will take…