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Fitch says GCC banks will likely weather Trump tariffs’ storm
“Lower oil prices and weaker global demand” are cited as the primary risks for banks’ operating environments in the GCC
DP World lists Mena’s first corporate blue bond on Nasdaq Dubai
ALSO- AirMed International opened a regional office at Dubai Healthcare City
Fitch’s BMI revises UAE growth forecast down slightly for 2025, remains optimistic for 2026
The Fitch Solutions’ research unit sees the economy growing at 6% next year
UAE gets its first low-orbit radar imaging satellite
Plus: DFM partners with China’s Shenzhen Stock Exchange
The UAE took to market nearly 34% of ESG issuances in 1H 2024
The GCC issued USD 18.5 bn in ESG sukuk in 1H
UAE’s FCY issuer default rating affirmed at AA-
The rating agency expects a fiscal surplus for the next three years
Fitch upgraded Ras Al Khaimah’s issuer default rating with a stable outlook
The ratings agency revised its forecast for the emirate’s medium-term growth to 6.2% this year
It’s going to get worse before it gets better for GCC banks with Turkish subsidiaries
Emirates NBD’s risk-weighted assets fell by some 60-70 bps
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