International Organizations Economic News and Analysis

Energy & Commodities | International Organizations | Corporate News | Egypt

Scatec’s 1,000 MW Dandara Solar Plant in Egypt Advances With an EIB, EBRD and AfDB Term Sheet
October 26, 2026October 27, 2026

Egypt’s Dandara solar project moved closer to financing on Monday, MENA reported. The 1,000 megawatt plant, with 200 megawatt hours of batteries, is aimed at supplying an estimated one third of Egypt Aluminium’s electricity, the agency said. Its developer, Scatec, signed a term sheet setting the preliminary financing terms with the European Investment Bank (EIB),…

Read More Scatec’s 1,000 MW Dandara Solar Plant in Egypt Advances With an EIB, EBRD and AfDB Term Sheet
Macro | International Organizations | World Bank | Global

World Bank Counts 811 Million People in Extreme Poverty, a Rate Unchanged Since 2019
October 26, 2026November 4, 2026

Global progress against extreme poverty has stalled, according to the World Bank’s Poverty, Prosperity, and Planet Report 2026, published on 26 October. It counts 811 million people, one in ten worldwide, living on less than 3.00 dollars a day this year, a rate it says has not changed since 2019. Without stronger growth in income…

Read More World Bank Counts 811 Million People in Extreme Poverty, a Rate Unchanged Since 2019
Rating Agencies | Corporate News | Saudi Arabia | UAE

S&P Lifts Dubai’s AIG MEA to A+, Moody’s Affirms Gulf International Bank at A2
October 26, 2026October 27, 2026

S&P Global Ratings raised Dubai-based AIG MEA Ltd. to A+ from A on 26 October, with a stable outlook. The insurer’s insurance revenue rose to 418.5 million dirhams in 2025 from 384 million. That is a rise of 8.98 percent, on our calculation. The agency also assigned an A minus rating to The Arab Energy…

Read More S&P Lifts Dubai’s AIG MEA to A+, Moody’s Affirms Gulf International Bank at A2
Energy & Commodities | Rating Agencies | Middle East | UAE

Masdar Agrees to Buy More Than 550 MW of Greek Solar and Signs a Khazna Data Centre Memorandum
October 24, 2026October 25, 2026

Masdar has agreed to buy a solar photovoltaic project of more than 550 megawatts in Greece from Lightsource bp, one of the largest in the country. The plant is due to start operating by the end of 2026 and to produce enough electricity for more than 200,000 homes a year. The Abu Dhabi clean energy…

Read More Masdar Agrees to Buy More Than 550 MW of Greek Solar and Signs a Khazna Data Centre Memorandum
Macro | Rating Agencies | EU | France

French Ministry Says Moody’s Kept Aa3 Rating as Public Debt Reaches 119.1 Percent of GDP
October 24, 2026

France’s Ministry of the Economy and Finance said on 23 October that Moody’s had kept the country’s sovereign rating at Aa3 with a negative outlook. The ministry’s statement came after the EU statistics office put French public debt at 119.1 percent of GDP at the end of June, in figures released on 21 October. In…

Read More French Ministry Says Moody’s Kept Aa3 Rating as Public Debt Reaches 119.1 Percent of GDP
Macro | IMF | Egypt

Egypt Targets Debt Under 70 Percent of GDP by 2030 as Budget Sector Pays Down External Debt
October 23, 2026October 24, 2026

Egypt aims to bring its debt under 70 percent of GDP by June 2030, Finance Minister Ahmed Kouchouk told Egypt Forum 2026 on 23 October. The ministry put government debt at 81.9 percent of GDP in June 2026. The budget sector also reduced its external debt by an estimated 6.5 billion dollars over 3 years,…

Read More Egypt Targets Debt Under 70 Percent of GDP by 2030 as Budget Sector Pays Down External Debt
Rating Agencies | Middle East | Bahrain | Saudi Arabia

Fitch Affirms Mumtalakat After Record 2025 Profit of 592.7 Million Dinars, Riyad Bank Keeps A1
October 22, 2026October 23, 2026

Fitch Ratings affirmed Bahrain Mumtalakat Holding Company at ‘B’ with a Stable Outlook on 22 October. The sovereign wealth fund’s net profit attributable to its shareholder rose to a record 592.7 million Bahraini dinars in 2025, from 316.5 million dinars in 2024. The same day Moody’s Ratings affirmed Riyad Bank’s deposit ratings at A1 with…

Read More Fitch Affirms Mumtalakat After Record 2025 Profit of 592.7 Million Dinars, Riyad Bank Keeps A1
Energy & Commodities | International Organizations | Corporate News | Egypt

EBRD Commits Up to 221 Million Dollars to Scatec’s Egypt Platform and Will Own 40 Percent
October 22, 2026October 26, 2026

The European Bank for Reconstruction and Development (EBRD) has agreed to put up to 221 million dollars, or 191 million euros, into a new Scatec platform that plans to add solar, wind and battery storage capacity in Egypt. The Bank takes 40 percent of the vehicle, Egypt Renewables Holdings B.V., and Scatec keeps 60 percent….

Read More EBRD Commits Up to 221 Million Dollars to Scatec’s Egypt Platform and Will Own 40 Percent
IMF | Middle East | Egypt | Oman

IMF Sees Oman Growing 4.1 Percent and Egypt 5.1 Percent Ahead of a 2027 Gulf Rebound
October 22, 2026November 4, 2026

Oman is set to grow 4.1 percent this year, according to the International Monetary Fund’s Regional Economic Outlook for the Middle East and Central Asia, published on 22 October. Egypt is projected at 5.1 percent for its 2026 fiscal year, which runs July to June. The Fund’s baseline assumes the conflict abates in early 2027…

Read More IMF Sees Oman Growing 4.1 Percent and Egypt 5.1 Percent Ahead of a 2027 Gulf Rebound
Rating Agencies | Middle East | Bahrain | UAE

Fitch Affirms Bapco Energies at B on a Top Support Score of 60 and Fertiglobe at BBB
October 22, 2026

Fitch Ratings affirmed two companies tied to Gulf state energy owners less than a day apart. Bahrain’s Bapco Energies stays at ‘B’ with a Stable Outlook, backed by the maximum state-support score of 60. ADNOC’s ammonia and urea producer Fertiglobe stays at ‘BBB’, Stable, with EBITDA margins expected above 40 percent on its own production…

Read More Fitch Affirms Bapco Energies at B on a Top Support Score of 60 and Fertiglobe at BBB