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‘STC’s Vodafone Egypt Acquisition Credit Negative If Debt-Funded’

A Moody’s report has said that Saudi Telecom Company’s (STC) acquisition of Vodafone Egypt would be credit negative if the transaction is fully debt-funded,...

Here is how GCC banks are likely to perform in 2020

Ratings agency Moody's Investors Service has outlined a stable outlook for Gulf Cooperation Council (GCC) banks, underpinned by solid economic growth and strong capital buffers...

UAE banking outlook stable on resilient credit profiles: Moody’s

The outlook for the United Arab Emirates (UAE) banking system remains stable as banks' credit profiles are resilient in a stable but subdued economy,...
oil field

Oman finalising development plans for sixth heavy oil block

Oman is currently finalising development plans for Habhab oil field and is looking at potential investors, according to HE Salim bin Nasser al Aufi,...

Global Sukuk issuance set to rise 6% to around $130bn in 2019

Global Sukuk (Islamic bond) issuance is set to rise to 6% to around $130bn this year, according to a Moody’s Investors Service report. This fourth...

Islamic finance to expand rapidly in CIS countries in next five years

Islamic finance is set to expand rapidly in Commonwealth of Independent States (CIS) countries in the next five years from a very low base,...