fitch ratings Archives - International Finance

Saudi banks’ credit profiles remain strong amid high oil prices

IFM CorrespondentJuly 3, 2024

by IFM CorrespondentJuly 3, 2024

Saudi Islamic banks have a strong position in the banking industry thanks to their larger retail franchises, which enable them to offer superior asset quality, reduced funding costs, and higher margins...

Energy Featured

COP28 to accelerate revolution in sustainable bond market

IFM CorrespondentNovember 22, 2023

by IFM CorrespondentNovember 22, 2023

Given that 51% of sustainable issuances in the Gulf region take the form of bonds, there is a strong expectation that they will benefit significantly from the heightened awareness being cultivated by COP28...

Featured Islamic Banking

Kuwaiti Islamic banks to see improved profits despite regulatory pressure

IFM CorrespondentOctober 25, 2023October 25, 2023

by IFM CorrespondentOctober 25, 2023October 25, 2023

The financial metrics of Islamic banks were resilient in the first half of 2023, benefitting from the stable operating environment...

Featured Markets

UAE’s debt capital market projected to reach USD 300 billion by 2030: Fitch Ratings

IFM CorrespondentSeptember 19, 2023September 18, 2023

by IFM CorrespondentSeptember 19, 2023September 18, 2023

Fitch Ratings observed that its forecast for UAE's DCM market is backed by the fact that banks are important debt investors and are demonstrating decent liquidity as well as solid deposit growth...