The appointment of honorary consulate for Ethiopia in Muscat in 2014 took Oman-Ethiopia relations to new heights.
Moody’s Investors Service, (“Moody’s”) today downgraded the long-term domestic and foreign currency issuer ratings of Oman Power & Water Procur. Co. (S.A.O.C.) (OPWP) to A3 from A1 and placed the ratings on review for further downgrade. Moody’s also placed six other Omani Government Related Issuers on review for downgrade. A complete set of companies (“the issuers”) and rating actions is listed below.
After a particularly rough start to the year, markets have re-assessed the policy outlook, even as February saw a bit of calming from China. Indeed, we also had a change to the baseline Fed call, where there are now 2 rate hikes expected this year instead of an original expectation of 3.
Standard & Poor’s Ratings Services projects that the 13 Middle East and Northern African (MENA) sovereigns that it rates will borrow an equivalent of $134 billion from long-term commercial sources in 2016. This compares with borrowing of $143 billion in 2015, which was more than double the $68 billion we expected would be borrowed in that year.
The Indian government unveiled a fire-fighting budget on Monday. Finance Minister Arun Jaitley’s third budget marked a strategic shift by addressing rural distress in a country of 1.3 billion, where two-fifths of families rely on farming and are reeling from two years of drought.
Finance Minister Arun Jaitley will present his third budget for the Narendra Modi government. Jaitley faces a tough task of balancing the needs of farm sector as well as the industry as he seeks to garner resources to boost public spending for higher growth amid global economic upheaval.
Moody’s Investors Service, (“Moody’s”) has downgraded Oman’s government long-term issuer rating to A3 from A1 and placed it on review for further downgrade.
Officials and economists expressed their confidence in the success of the Sultanate in its efforts to shift towards green economy and achieve the goals of the 17 Sustainable Development Plan 2030, adopted on September 25th, 2015 at the United Nations (UN) Summit held in New York. Reem Mohammad al-Najdawi, Head of Food and Environmental Policies […]
The deepening oil price slump will intensify pressure on banks globally, with those in major net oil-exporting countries most exposed to credit risks in the near-term, said Moody’s Investors Service.
Beirut Institute Summit distinguished Co-chair His Royal Highness Prince Turki Al Faisal, Beirut Institute Founder and Executive Chairman Raghida Dergham, and knowledge partner A.T. Kearney and its Global Business Policy Council, today made public the policy recommendations that emerged from Beirut Institute Summit in Abu Dhabi in October 2015 entitled ‘Reconfiguring the Arab region and its global space beyond political economy and security threats’.