Middle-east Arab News Opinion | Asharq Al-awsat

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This undated file photo shows the Sharjah skyline. (Reuters)

Sharjah debut Islamic bond 10 times oversubscribed

by Musaid Al-Zayani | Sep 11, 2014 | Business

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...

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A undated file photo shows the Sharjah skyline (Reuters/File Photo)

Sharjah receives first-ever sovereign credit ratings

by Asharq Al-Awsat | Jan 9, 2014 | Business

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...

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File photo of the Riyadh skyline. (AAA)

Islamic Development Bank scores high on credit ratings

by Asharq Al-Awsat | Dec 29, 2013 | Business

London, Asharq Al-Awsat—International ratings agencies Standard & Poor’s (S&P), Fitch Ratings and Moody’s have all awarded Jeddah-based Islamic Development Bank (IDB) their highest long-term and short-term credit rating scores, making the bank the most...

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An Egyptian demonstrator holds bread in a protest earlier this month against the International Monetary Fund. The Egyptian government is trying to chart a delicate course between economic reform to appease lenders, without alienating its own people. (AFP)

Opinion: From Arab Spring to Economic Winter

by Afshin Molavi | May 11, 2013 | Opinion

The revolutions that have transformed the Arab world have also transformed economies, largely for the worse. If the so-called “Arab Spring” were to receive a credit rating, the verdict would be obvious and unfortunate: downgrades. We have seen the multiple pathologies...