Saudi’s Islamic banking continues to expand due to ‘Vision 2030,’ says S&P
Taking note of Islamic banking's rise at the global level, the ratings agency also said that the sector represented about 76% of the Gulf major's banking assets...
Tag : S&P Global Ratings
South Africa to meet fiscal targets despite Iran war, says government
National Treasury Director-General Duncan Pieterse said there have been significant improvements in debt management and fiscal discipline...
Sukuk issuance rises by 13.1% in GCC, Saudi Arabia leads the show
The Middle East witnessed a significant 13.1% hike in its Sukuk issuance, driven by strong local-currency borrowing in Saudi Arabia...
S&P Global Ratings sees sukuk issuance dip tied to Middle East conflict
As per S&P Global Ratings, total issuance reached USD 62.4 billion in Q1 2026, compared with USD 52.6 billion seen in the similar period in 2025...
Qatar’s banking sector to remain robust in 2026: S&P Global Ratings
S&P Global Ratings report noted that the government revenue and the non-hydrocarbon economy are expected to benefit from increased LNG production...
S&P, FTSE reports bring cheers for UAE as Islamic Finance witnesses further growth
Dr. Mohamed Damak stated that S&P expects the Islamic Finance sector to grow at a high single-digit rate through 2024 and 2025, fuelled by financing needs in key countries...
Qatar GDP growth to slow to 2.3% in 2023 as FIFA effect dies down
The NFE will start to increase revenue streams in 2026, adding to Qatar's already robust fiscal and external net asset positions, which will continue to be a key rating strength...
S&P Global Ratings: Islamic finance stands to gain from standardisation and fintech
In a report titled "The Future Of Banking: Islamic Finance Needs Standardization And FinTech To Boost Growth," S&P Global Ratings says it believes the global Islamic finance industry will expand slowly in 2018 and 2019...