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A man walks past a branch of Qatar National Bank (QNB) in Riyadh, Saudi Arabia, June 5, 2017. REUTERS/Faisal Al Nasser
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This undated file photo shows the Riyadh skyline. (Asharq Al-Awsat)
Moody’s holds Saudi Arabia’s credit rating, says fiscal position still strong
Riyadh, Asharq Al-Awsat—Saudi Arabia’s fiscal position remains strong, according to global credit ratings agency Moody’s, which on Monday said it would not change the Kingdom’s credit rating. Moody’s said Saudi Arabia’s existing assets would be able to provide a...Caption:
This undated file photo shows the Sharjah skyline. (Reuters)
Sharjah debut Islamic bond 10 times oversubscribed
Sharjah, Asharq Al-Awsat—Gulf emirate Sharjah launched its first sovereign sukuk on Wednesday, a 10-year, 750-million-US-dollar Islamic bond with a 3.764 percent yield that has been more than 10 times oversubscribed, in what was the emirate’s debut debt issue on...Caption:
A undated file photo shows the Sharjah skyline (Reuters/File Photo)
Sharjah receives first-ever sovereign credit ratings
London, Asharq Al-Awsat—Sharjah received its first-ever sovereign credit ratings on Wednesday from international credit rating agencies Moody’s and Standard & Poor’s (S&P). Moody’s gave the Gulf emirate, which is the third-largest economy in the UAE, a...Caption:
File photo of the Riyadh skyline. (AAA)