Middle-east Arab News Opinion | Asharq Al-awsat

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Fitch: Outflow of Deposits Raises Funding Costs on Qatari Banks

by Asharq Al-Awsat | Aug 24, 2017 | Business

London- Qatari banks’ funding and liquidity are under varying degrees of pressure from outflows of non-domestic deposits and interbank borrowings after several Arab countries severed diplomatic and logistical ties with Qatar in June, Fitch Ratings said...

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Fitch: ‘Sharp Decline in Saudi Arabia’s Budget Deficit in Q1’

by Asharq Al-Awsat | May 24, 2017 | Business

Riyadh- A decline in Saudi Arabia’s first quarter budget deficit highlights the positive fiscal impact of higher oil prices on the country, Fitch Ratings said on Tuesday. The agency expects that the fiscal deficit will continue to fall on the back of higher oil...

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Egyptian Tourism Minister Yehia Rashed speaks during an interview with Reuters at his office in Cairo, Egypt, April 7, 2016. REUTERS/Mohamed Abd El Ghany

Egypt: Strict Economic Procedures, Optimist Statements

by Mahmoud Najem | Aug 2, 2016 | Business

Cairo- “Securing an International Monetary Fund (IMF) funding deal would be credit positive for Egypt, but implementation risks are high and the country will continue to face several economic challenges”, Fitch Ratings says. President Abdel Fattah al-Sisi warned...