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Banking & Finance

Fitch affirms Ajman Bank’s ratings at ‘AA+’, outlook ‘stable’

MEA Finance - 0
The bank’s rating is driven by potential support from the UAE authorities if needed, as reflected in its government support rating of “bbb+”
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Banking & Finance

Egypt’s credit score downgraded by Fitch Ratings to ‘B-‘

MEA Finance - 0
The ratings agency said it expects Egypt to face a significant rise in external debt maturities in fiscal years ending June 2024 and June 2025
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Banking & Finance

Islamic funds’ assets under management fall on rate rises

MEA Finance - 0
Islamic funds’ AuM fell by 4% quarter-over-quarter (QoQ) in the GCC, Malaysia, Indonesia and Pakistan.
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Banking & Finance

Fitch affirms Emirates Development Bank at ‘AA-‘

MEA Finance - 0
Fitch Ratings has affirmed its 'AA-' Long-Term Issuer Rating (IDR) for Emirates Development Bank ('EDB' or 'the Bank') with a stable outlook. The agency maintained...
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