IF Insights: UAE stands to gain after exit from OPEC
Fitch sees the UAE's oil production remaining unaffected in the post-OPEC world, with revenues getting boosted in the longer term...
Tag : Iran War
Despite geopolitical disruptions, ADNOC records good Q1 financials
Despite the ongoing Iran war, ADNOC’s growth ambitions remain intact, with its targeted EBITDA growth of over 40% between 2023 and 2029 unchanged...
Iran war shoots up global food prices at their three-year high
The FAO's April index rose to its highest since July 2022 as a result of the increased prices of soy, sunflower, rapeseed oil and palm oil...
In a respite from Hormuz stalemate, MSC opens new express service
MSC's announcement will likely provide relief to the global supply chain players, as they respond to surging demand and mounting disruption...
Despite a productive Q1, Iran war looms large on Islamic banking
The ongoing geopolitical instability has resulted in GCC sukuk issuers from Qatar and the UAE being put on Fitch Ratings' Rating Watch Negative list...
Exxon’s net income falls to five-year low as Iran war affects output
About 20% of Exxon's oil and gas production is situated in the Middle East, making it the most affected among the global energy players...
Fitch raises liquidity concerns of UAE real estate players
Fitch also cited the rising debt costs across the Gulf region, which have touched their five-year highs, as a threat to the industry...
The demise of Spirit Airlines: All you need to know
Spirit Airlines built its brand around affordable fares for budget-conscious travellers, while shunning add-ons like checked bags and seat assignments...
Global economy slows as Iran war energy shock drives inflation surge
Delivery times and output prices hit their highest levels since the post-COVID supply chain snarls and inflation wave peaked around four years ago...
Islamic syndicated financing rises amid Iran war, says Fitch
As per Fitch, Islamic syndications now make up half of all the syndication issuance in the Gulf region...