GCC VAT a test for Islamic finance, says Fitch
London: The plan to introduce Value Added Tax (VAT) in Gulf Cooperation Council (GCC) member states could be a key ...
Tag: Fitch Ratings
Indonesia’s takaful carries positive outlook: Fitch
Fitch Ratings, MANAMA: Expansion of Indonesia's takaful insurance sector has eased to be more in line with the overall industry, ...
IMF help mitigates external liquidity risks, default risks
Hong Kong/London/Singapore: Support from the IMF has helped to mitigate external liquidity risks and reduced the medium-term default risks in ...
Cheap oil, politics, slow reforms impacts MENA economies
Hong Kong: Persistent low oil prices will maintain economic pressure on the oil exporters of MENA, which together with limited ...
Fitch rates Saudi Arabia’s $17.5b notes at AA-
Hong Kong: Fitch Ratings has assigned Saudi Arabia's USD5.5b 2.375% 2021 senior unsecured notes, USD5.5b 3.25% 2026 senior unsecured notes ...
IFRS9 can safeguard GCC banks against loan losses
Paris/London: Banks operating in Gulf Cooperation Council (GCC) countries may face lower loan loss requirements under IFRS9 rules because these ...
Low oil revenues limit sovereign support to banks
MANAMA: The financial support to the banks in the GCC has become a far, thanks to the low oil revenues, ...
Bahrain’s banks in good position, says Fitch
Hong Kong: The Kingdom of Bahrain’s strong banking sector is well-placed and capable of extending more credit to the economy ...
Fitch downgrades Bahrain to BB+; outlook stable
Hong Kong: Fitch Ratings has downgraded Bahrain's long-term foreign currency issuer default rating (IDR) to BB+ from BBB-and long-term local ...
Saudi deficit likely to remian in double digits in 2016
London: Saudi Arabia's 2016 budget contains significant reforms and follows notable expenditure restraint during the second half of 2015, but ...