The inaugural Iran Hotel & Tourism Investment Conference (IHTIC) organised by Bench Events is to be held in Tehran on 7-8 February 2017 to identify opportunities for investors, developers and service providers in one of the world’s most exciting hospitality…
Tag: MEED
Strong line up for AHIC 2017
Global hospitality industry leaders including CEO of Hilton Worldwide Chris Nassetta are among the speakers confirmed to address the annual Arabian Hotel Investment Conference (AHIC) which is being held at the Madinat Jumeirah in Dubai on 25-27 April 2017. The…
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…
Fitch says GCC bank outlook remains negative
Low oil prices continue to pressure bank liquidity and are also taking their toll on asset quality and earnings for banks in Gulf Cooperation Council (GCC) countries, Fitch Ratings says in a report released today. Fitch’s sector outlook for GCC…
Hyundai poised to win $650m Iran ship deal
Islamic Republic of Iran Shipping Lines (IRISL) Group and South Korea’s Hyundai Heavy Industries Company are holding the final talks about a $650m deal of providing 10 ships for Iran. The contract calls for Hyundai to build four 14,400 TEU container…
Apicorp says Egypt faces power crunch
Egypt’s government urgently needs to bring new power projects on line to fill the growing gap between and supply, the Arab Petroleum Investment Corporation (Apicorp) says in a report published today. The main challenge is the lack of finance which…
Kuwait rating affirmed at AA
Fitch Ratings has affirmed Kuwait’s long-term foreign and local currency issuer default ratings (IDRs) at AA with a stable outlook. The country ceiling has been affirmed at AA+ and the short-term foreign and local currency IDRs have been affirmed at…
Saudi Arabia shrugs off challenges; aims high for 2017 and beyond
Pounded by criticisms of its financial position and regional role, Saudi Arabia is working this autumn to ensure it maintains its position as the Arab world’s sole superpower in 2017 and beyond. In oil, Saudi Energy Minister Khalid al-Falih has…
After 20 years planning, Saudi Arabia to introduce competition into power generation
Saudi Arabia’s power generation industry, the largest in the Middle East, is to be the first target of the kingdom’s privatisation programme, the MEED Leaders in Energy Reform conference in Dubai was told today. It was told that the Saudi…
Fitch rates Saudi bonds at AA
Fitch Ratings has assigned Saudi Arabia’s $5.5bn 2.375 per cent 2021 senior unsecured notes, the$5.5bn 3.25 per cent 2026 senior unsecured notes and $6.5bn 4.5 per cent 2046 notes a final rating of ‘AA-‘. The rating is in line with Saudi…