The rating agency revised the country’s outlook to stable from positive, citing uncertainty regarding global economic conditions
Turkey’s central bank has raised its main rate to 50 per cent from 8.5 per cent since Finance Minister Mehmet Simsek was appointed last year
The change in rating reflects increased predictability of policies and decision-making processes
Total deposits of resident and non-resident customers with UAE banks rose by 13.5 per cent YoY to reach Dhs2.5tn
GenAI is an excellent tool to improve research for faster processing of more data from a wider range of sources to support decision-making
The Gulf’s biggest economy will be among the three top fastest growing countries in the world next year, with only India and Indonesia set to expand faster
The country’s debt problems have come amid a bruising economic crisis that has triggered a string of currency devaluations and record inflation
Oil and gas markets have been where the nervousness has been most evident due to fears that Israel could become bigger
Organisations that qualify for the exemption include entities that focus on activities such as philanthropy, community services and corporate social responsibility
Fitch Ratings, one of the big three rating agencies, assigns Saudi Arabia the same score as S&P Global while Moody’s has it one level higher
Emirates NBD played a leading role in both the DEWA and TECOM IPOs, delivering customers a fully digital platform
Moody’s now ranks Kuwait two steps lower than Fitch Ratings and one below S&P Global Ratings
This year, Oman trimmed its budget expenditure and announced liquidity support in an effort to provide some relief from the Covid-19 shock