Category: UAE

Ras al-Khaimah affirmed at A

Fitch Ratings has affirmed Ras al-Khaimah’s long-term foreign and local currency issuer default ratings (IDRs) at A with a stable outlook. The issue ratings on RAK Capital’s senior unsecured foreign- currency bonds are also affirmed at A. The UAE country Ceiling…

UAE to cut energy subsidies

UAE Energy Minister Suhail Al Mazrouei For full coverage of Middle East business events, see MEED The UAE’s economic diversification strategy will be extended by removing further subsidies on energy, the federation’s Energy Minister Suhail Al Mazrouei told the World…