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Macro · Jun 13, 2026 · 3 min read
Moody's Ratings has affirmed the United Arab Emirates' sovereign credit rating at Aa2 with a stable outlook, the agency confirmed on Friday…
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Markets · Jun 3, 2026 · 6 min read
Bahrain markets a new 10-year U.S. dollar sovereign bond at a yield near 7.5%, testing investor appetite for GCC credit. The transaction…
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Energy & Commodities · Jun 2, 2026 · 6 min read
Egypt targets natural gas production of 6.6 bcf/d by 2027 from ~4.1 bcf/d. Shell resumed Mediterranean drilling, four new wells add 120…
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Markets · May 28, 2026 · 5 min read
Kuwait’s sovereign ratings remain firmly anchored — S&P at AA-/A-1+ and Moody’s at A1 (both stable, 22 May 2026), Fitch at AA-/stable…
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International Organizations · May 23, 2026 · 2 min read
Fitch's latest UAE rating action sends a clear message: the country's credit strength remains intact, but the economic transmission channels from regional…
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International Organizations · May 23, 2026 · 2 min read
Moody's affirmation of Saudi Arabia at Aa3 with a stable outlook highlights how sovereign strength is increasingly being assessed through fiscal buffers,…
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International Organizations · May 18, 2026 · 2 min read
Oman's fiscal position improved significantly in the first quarter of 2026, with the budget deficit falling sharply despite oil revenue timing rules…
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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…
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…
Fitch Ratings affirmed Commercial International Bank (CIB) and Banque du Caire at B with a Stable Outlook on 21 October. Its CIB commentary ranks the bank’s core profitability measure the highest among the Egyptian banks it rates. CIB’s annualised operating profit came to 12.1 percent of risk-weighted assets in the first half of 2026. Banque…
Fitch Ratings affirmed National Bank of Egypt and Banque Misr at B with a Stable Outlook on 20 October, and kept both banks’ Viability Ratings at b. Both banks ended 2025 with stronger core capital than a year earlier. National Bank of Egypt’s common equity Tier 1 ratio rose to 10.6 percent at end-2025 from…
Yanbu National Petrochemical Co. (YANSAB) earned 237.3 million riyals in the third quarter of 2026, according to results it posted on the Saudi Exchange on 20 October. That is 3.2 times the 74.2 million riyals of a year earlier, on our calculation. SABIC Agri-Nutrients posted its results the same day. Its quarterly profit rose 27.7…
Moody’s Ratings upgraded 5 Egyptian banks by one notch on 19 October and kept a positive outlook on their deposit ratings. National Bank of Egypt, Banque Misr, Banque du Caire and Commercial International Bank now carry long-term deposit ratings of B3, up from Caa1. Bank of Alexandria moves to B2 from B3. The standalone credit…
First published at 23:05 GMT on 16 October; updated with the Finance Ministry’s statement at 11:49 GMT on 17 October. Moody’s Ratings upgraded Egypt’s long-term local and foreign-currency issuer ratings to B3 from Caa1 on 16 October and kept the outlook positive, crediting fiscal consolidation and structural reforms that have set government debt and interest…
Strong balance sheets continue to underpin the credit ratings of the higher-rated Gulf sovereigns, Fitch Ratings said on Thursday 15 October, with investment income from sovereign wealth funds providing “additional fiscal support” and the UAE’s non-oil economy set to grow 6.1 percent in real terms in 2027. Oman is the one member of the 6-state…
S&P Global Ratings affirmed the United Kingdom’s unsolicited AA long-term and A-1+ short-term sovereign credit ratings on 9 October in a research update published at 20:01 GMT, kept the outlook at stable and raised its forecast for real GDP growth in 2026 to 1.3 percent from its April estimate of 1.1 percent. The agency expects…
S&P Global Ratings affirmed Egypt’s ‘B/B’ long- and short-term foreign and local currency sovereign credit ratings on 9 October and kept the outlook stable. The agency said exchange rate flexibility, energy price adjustments and targeted social support had helped contain the immediate pressures from the Middle East conflict. It said record remittances, tourism receipts and…