Category: ECONOMY

Slow start to 2016 for EMEA high-yield markets: Moody’s

2016 has started slowly for the high-yield bond market in Europe, the Middle East and Africa as the positive effect of continued euro area quantitative easing is offset by Chinese stock market volatility and continued downward pressure on commodity prices, says Moody’s Investors Service in the October edition of “High Yield Interest — European Edition”.

Moody’s assigns (P)A3 rating to Omantel’s proposed sukuk notes

Moody’s Investors Service, (“Moody’s”) has assigned a provisional (P)A3 rating to the proposed OMR50 million equivalent sukuk notes to be issued by First Issue S.A.O.C., (“First Issue”), a 99% owned subsidiary of Oman Telecommunications Company S.A.O.G. (“Omantel”, A3 stable).

Fuel subsidy needs revision, World Bank studies say

Lubna Abdulatif, an expert to the World Bank (WB) at the Ministry of Finance said that the Ministry of Finance in collaboration with the World Bank has updated the operations for preparing and implementing the state budget in a bid to enhance the efficiency of public expenditure, reduce the financial risks and affirm the financial sustainability.