Category: ECONOMY

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.

Middle East tussle won’t dent Gulf bond plans

Middle East sovereigns are expected to shrug off the feud that has erupted between Saudi Arabia and Iran and go on to place a record amount of debt in 2016, with a debut dollar deal from Saudi still anticipated to be the star of the show.