Moody’s

Moody’s affirms stable outlook for Bahraini banks amid non-oil growth
Bahrain

Moody’s affirms stable outlook for Bahraini banks amid non-oil growth

Non-oil economic growth in Bahrain is projected to remain stable at 3.2 percent

Moody’s upgrades Egypt’s credit outlook to positive following successful IMF deal
Economy

Moody’s upgrades Egypt’s credit outlook to positive following successful IMF deal

The agency also affirmed Egypt's foreign-currency senior unsecured ratings at Caa1

Moody’s affirms top credit ratings for key companies in Saudi Arabia
Economy

Moody’s affirms top credit ratings for key companies in Saudi Arabia

Ratings reaffirm financial resilience and strategic importance within national economy

Qatar’s credit rating upgraded to Aa2 by Moody’s on strong LNG demand, fiscal improvement
Economy

Qatar’s credit rating upgraded to Aa2 by Moody’s on strong LNG demand, fiscal improvement

First upgrade since 2007

Moody’s affirms ratings of five Egyptian banks, changes outlook to negative
Economy

Moody’s affirms ratings of five Egyptian banks, changes outlook to negative

Egypt's overall classification was affirmed at Caa1 in October 2023

Oil prices rise as OPEC forecasts strong global demand and weather disrupts U.S. production
Markets

Oil prices rise as OPEC forecasts strong global demand and weather disrupts U.S. production

OPEC maintains 2.25 mn bpd demand growth forecast

Egypt moves to international debt markets, eyes Gulf currency-denominated bonds
Economy

Egypt moves to international debt markets, eyes Gulf currency-denominated bonds

Difficulties securing affordable financing currently, given the country’s strict monetary policy and credit rating

Iraq’s economic growth to decline in 2023, 2024 due to oil production cuts: IMF
Economy

Iraq’s economic growth to decline in 2023, 2024 due to oil production cuts: IMF

IMF warned of "fiscal and external sustainability risks" from "large" budget law expansion

Moody’s affirms Lebanon’s C rating, changes outlook to stable
Economy

Moody’s affirms Lebanon’s C rating, changes outlook to stable

Rating highlights a negative real GDP growth of 2.6 percent in 2022

Gold prices on a strong start as Moody’s lowers US credit rating
Markets

Gold prices on a strong start as Moody’s lowers US credit rating

Gold prices increased 0.42 percent during Sunday's Asian trading session

Moody’s: GCC telecom operators set sights on Europe
MENA

Moody’s: GCC telecom operators set sights on Europe

e& and stc acquired substantial stakes in leading companies