Abu Dhabi raises $5b from eurobond market after 3-yr hiatus
Abu Dhabi has entered the Eurobond market for the first time since 2021, raising a substantial $5 billion in what…
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S&P Global Ratings
S&P Global upgrades Egypt’s outlook to positive
S&P Global Ratings upgraded Egypt’s outlook to positive, maintaining its B-/B long and short-term foreign and…
Canada’s Avison Young faces restructuring
Canada’s Avison Young, a commercial real estate firm, is in the final stages of a restructuring process to improve…
S&P raises OPEC Fund rating after signing new $600mln financing
S&P Global Ratings, an international ratings agency, raised the long-term issuer credit rating of the OPEC Fund…
S&P Global affirms Egypt’s B rating on exchange rate flexibility, IMF, GCC support
S&P Global Ratings has affirmed on Friday Egypt’s credit rating at B with a stable outlook buoyed by he latest…
S&P Global affirms Orient Takaful Egypt at A with positive outlook
S&P Global Ratings has affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer…
Abu Dhabi economy to contract by about 7.5% in 2020: S&P
Abu Dhabi’s real gross domestic product (GDP) is expected to contract by 7.5 percent this year because of lower oil…
GCC banks face ‘earnings shock’ from lower oil price, Covid-19: S&P
GCC banks will see significantly reduced revenue and credit growth in 2020 as they face an earnings shock from the…
Here’s how another coronavirus epidemic affected China’s economy around 20 years ago
The new coronavirus — believed to have first emerged in the Chinese city of Wuhan — is often compared to SARS,…
S&P Global, Moody’s downgrade Turkey’s sovereign ratings
S&P Global Ratings has on Friday downgraded Turkey's long-term foreign currency sovereign credit rating to 'B+'…
