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#Fitch Ratings

Bank of Sharjah reports net profit of AED80 million in Q1 2024

The bank’s robust metrics result from strict adherence to a focused approach to funding, lending, and operational effectiveness

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

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

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

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

Islamic funds’ assets under management fall on rate rises

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

Fitch affirms Emirates Development Bank at ‘AA-‘

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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