For full coverage of Middle East business, see MEED Standard & Poor’s Ratings Services (S&P) today announced that it had lowered its unsolicited long- and short-term foreign- and local-currency sovereign credit ratings on the Kingdom of Saudi Arabia to A-/A-2…
Month: February 2016
Iran doesn’t back or oppose production cap
Iran’s oil minister Bijan Zanganeh said today that Iran backs action to stabilise the oil market but made no commitment to capping production. “We look forward to the beginning of co-operation between Opec and non-Opec countries and we support any…
JLL forecasts testing year for Saudi property
For full coverage of Middle East business, see MEED JLL said today that a challenging macroeconomic environment will continue to affect Saudi Arabia’s real estate market. It said seven factors will drive property in 2016. White Land Tax. JLL said…
Iran says no to output restraint
Iran’s Oil Minister Zanganeh (centre) with Qatar’s Energy Minister Sada (left) For full coverage of Middle East business, see MEED Iran said on Wednesday it would resist any plan to restrain its oil output as part of a deal between…
Sama lifts loan/deposit ratio to counter liquidity squeeze
For full coverage of Middle East banking developments, see MEED The Saudi Arabian Monetary Agency (Sama) has increased the maximum loan-to-deposit ratio for the kingdom’s 12 commercial banks to 90 per cent from 85 per cent to counter evidence of…
S&P forecasts lower profitability for Qatar banks
For full coverage of Middle East business, see MEED Standard & Poor’s (S&P) Ratings Services said in a report released today that it anticipates tightening liquidity, slackening credit growth and weakening profitability for Qatar’s banks in 2016. “Although the drop…
Fitch affirms Abu Dhabi at AA
For full coverage of Middle East events see MEED Fitch Ratings announced today that it has affirmed Abu Dhabi’s long-term foreign and local currency issuer default ratings (IDR) at AA with stable outlooks. The issue ratings on Abu Dhabi’s senior…
Etihad starts fourth daily Cairo flight
For full coverage of Middle East business events, see MEED Etihad Airways today announced an increase in capacity between Abu Dhabi and Cairo with the introduction of a fourth daily scheduled flight, effective 27 March 2016. Etihad Airways said the…