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UAE subsidy axe good news for EU exporters
Jul27

UAE subsidy axe good news for EU exporters

The United Arab Emirates, which has vast investments throughout Europe and funds lucrative orders for European businesses, stands to benefit from axing billions of dollars of fuel subsidies as it fights to control a fiscal deficit amid falling energy prices. Moody’s rating agency said (27 July 2015) fuel price deregulation measures that will be introduced in the UAE from 1 August are “credit positive for the UAE and Abu Dhabi...

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Qatar’s ratings affirmed amid escalating energy price risks
Jul25

Qatar’s ratings affirmed amid escalating energy price risks

Capital Intelligence (CI), the international credit rating agency based in Cyprus, announced 24 July 2015 that it has affirmed Qatar’s Long-Term Foreign Currency and Local Currency Ratings of ‘AA-’ and its Short-Term Foreign and Local Currency Ratings at ‘A1+’. The Outlook for Qatar’s ratings remains ‘Stable’. “Qatar’s ratings primarily reflect the country’s substantial economic wealth and sound macroeconomic management,”...

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Kuwait’s sovereign ratings affirmed
Jul24

Kuwait’s sovereign ratings affirmed

Kuwait’s sovereign ratings have been backed up by Capital Intelligence (CI) credit rating agency, which announced 24 July 2015 that it has affirmed Kuwait’s Long-Term Foreign Currency and Local Currency Ratings of ‘AA-’, and its Short-Term Foreign and Local Currency Ratings of ‘A1+’. The Outlook for Kuwait’s Ratings remains at ‘Stable’, CI Ratings said. Kuwait’s ratings are underpinned by strong macroeconomic fundamentals and a...

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Iran’s outlook seen as ‘Positive’ by rating agency
Jul23

Iran’s outlook seen as ‘Positive’ by rating agency

Despite numerous controversies concurrently clouding Iran’s recent political gains, especially after the nuclear agreement, Iran’s economic outlook continues to be on the mend. The latest rating action by Capital Intelligence (CI), the international credit rating agency, affirms Iran’s Long-Term Foreign and Local Currency Ratings of ‘B’, and its Short-Term Foreign and Local Currency Ratings of ‘B’. At the same time, the...

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UAE InvestBank’s ratings affirmed
Jul22

UAE InvestBank’s ratings affirmed

The award-winning UAE InvestBank has had its ratings affirmed by Capital Intelligence (CI), the international credit rating agency based in Cyprus. CI Ratings announced 22 July 2015 that it has affirmed the Financial Strength Rating of the UAE’s Invest bank (IB) at ‘BBB’ with its solid capital adequacy ratio (CAR), good profitability, high loan-loss reserve coverage and sound net loans to stable funds ratio being supporting factors....

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UAE’s sovereign ratings affirmed despite recent spending
Jul17

UAE’s sovereign ratings affirmed despite recent spending

The United Arab Emirates’ sovereign ratings remain robust despite recent major spending on military procurements which, according to financial industry analysts, impacted on sovereign fund holdings. Capital Intelligence (CI), the international credit rating agency, affirmed 17 July 2015 the UAE’s Long-Term Foreign and Local Currency Sovereign Ratings of ‘AA-’ and its Short-Term Foreign and Local Currency Sovereign Ratings...

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