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Moody’s
Moody’s projects 5.5 percent growth for Saudi Arabia’s non-oil sector
The agency forecasts government spending will remain high at 30 to 32 percent of GDP over the next three years
Banking & Finance
Islamic banks to outpace conventional banking in GCC, says Moody’s
Non-oil economic growth in GCC countries to remain strong in 2025 due to ambitious government economic diversification plans
Energy
UAE’s ADNOC launches inaugural $4 billion notes offering under GMTN Program
The net proceeds from this issuance will be utilized by ADNOC Group for general corporate purposes.
Economy
Moody’s upgrades Oman’s outlook to positive, citing improved debt metrics and strong fiscal management
The agency also retained its (P)Ba1 rating for the Government of Oman’s senior unsecured medium-term note program
Economy
Saudi Arabia’s PIF surpasses $765 billion in AUM, delivering 8.7 percent average annual shareholder return
Since its inception, PIF has achieved an average total shareholder return of 8.7 percent per year
Banking & Finance
Saudi banks witness 8 percent surge in Q1 earnings, reaching $4.97 billion
The growth in earnings is driven by 11 percent lending growth and a rising interest rate environment
Economy
Saudi Arabia maintains ‘A1’ credit rating with positive outlook amid successful economic reforms: Report
The rating reflects the government's significant progress in implementing a broad-based reform agenda since 2016
Economy
Moody’s affirms Kuwait A1 rating, stable outlook
Solid budget and financial buffers, but reforms needed to reduce oil dependence
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
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
Economy
Moody’s affirms top credit ratings for key companies in Saudi Arabia
Ratings reaffirm financial resilience and strategic importance within national economy
Economy
Qatar’s credit rating upgraded to Aa2 by Moody’s on strong LNG demand, fiscal improvement
First upgrade since 2007
Economy
Moody’s affirms ratings of five Egyptian banks, changes outlook to negative
Egypt's overall classification was affirmed at Caa1 in October 2023
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
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
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
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
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
MENA
Moody’s: GCC telecom operators set sights on Europe
e& and stc acquired substantial stakes in leading companies