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MONTHLY RESEARCH

 

 
Middle East Monthly


 

       
Latest Research
       

 

       
Contact Us
       

 

 

 

         
FEATURED
 

 
Islamic Finance Compendium 2025

 

 
Fitch Group Announces Approval of RHQ License from Ministry of Investment of
Saudi Arabia

 

 
Global Emerging Markets Quarterly Credit Brief – 4Q24

 

 

 

         
RATINGS AND NON-RATINGS ACTION COMMENTARIES
 

 
Kuwaiti Islamic Banks' Performance Supported by Stable Operating Conditions
The standalone credit profiles of Kuwaiti Islamic banks will continue to benefit
from a stable operating environment in 2025, says Fitch Ratings.


UAE Banks Continue Strong Growth in 3Q24; Profitability Healthy
Healthy operating conditions and robust sector liquidity are driving growth for
UAE banks in 2024 (9M24: 9.5%), which has already exceeded the full-year growth
for 2023 (7.7%). 


Fitch Rates Mamoura's Sukuk 'AA'
Fitch Ratings has assigned Mamoura Diversified Global Holding PJSC's (MDGH)
issue of AED1 billion trust certificates a rating of 'AA'. The issue is made
under MDGH's updated sukuk programme.
 

 

 

         
ADDITIONAL FITCH COMMENTARIES
 

 
28-Nov-2024  Iraq Affimed at 'B-'; Outlook Stable

27-Nov-2024  Oman Islamic Finance Sector Expanding; Deposit Protection Law Now
Covers Islamic Banks
25-Nov-2024  Ameen Al-Iraq Bank Downgraded to 'CCC'
25-Nov-2024  Gulf Commercial Bank Downgraded to 'CCC'
25-Nov-2024  Iraq's Cihan Bank Affirmed at 'CCC+'
26-Nov-2024  Saudi Banks’ Strong Securities Gains Underpinned Earnings in 3Q24
26-Nov-2024  4 Egyptian Bank National Ratings Affirmed After Recalibration
21-Nov-2024  Misr Insurance Company's National IFS Affirmed at 'AAA(egy)'
20-Nov-2024  Majid Al Futtaim LLC Affirmed at 'BBB'; Outlook Stable
18-Nov-2024  Egyptian Banks’ Credit Profiles Strengthened on Sovereign Rating
Upgrade
12-Nov-2024  Egypt’s National Rating Scale Recalibrated
12-Nov-2024  Abu Dhabi Developmental Holding Company PJSC Affirmed at 'AA';
Outlook Stable
11-Nov-2024  Public Investment Fund Affirmed at 'A+'; Outlook Stable
11-Nov-2024  Bank Muscat Affirmed at 'BB+'; Stable Outlook
11-Nov-2024  Bank Dhofar Affirmed at 'BB'; Stable Outlook
08-Nov-2024  National Bank of Oman Affirmed at 'BB'; Outlook Stable
07-Nov-2024  Banque du Caire Upgraded to 'B'; Outlook Stable
07-Nov-2024  Commercial International Bank Upgraded to 'B'; Outlook Stable
07-Nov-2024  National Bank of Egypt Upgraded to 'B'; Outlook Stable
07-Nov-2024  Banque Misr Upgraded to 'B'; Outlook Stable
01-Nov-2024  Egypt Upgraded to 'B'; Outlook Stable
01-Nov-2024   Abu Dhabi's Mamoura Affirmed at 'AA'; Outlook Stable




 

 

 

         
SPECIAL REPORTS
 

 
27-Nov-2024      Kuwaiti Islamic Banks Dashboard 2025
21-Nov-2024      Industry Profile and Operating Environment: Egyptian Insurance
14-Nov-2024    مجموعة فيتش تعلن عن موافقة وزارة الاستثمار السعودية على منحها
ترخيص المقر الإقليمي (RHQ)
13-Nov-2024      National Ratings Correspondence Tables
04-Nov-2024      Sovereign Rating History - October 2024
01-Nov-2024      Egypt - Rating Action Report
 

 

 

         
FULL RATINGS REPORT
 

 
Arab Banking Corporation B.S.C. – Update | Banque Du Caire S.A.E. | National
Bank of Egypt (S.A.E.) | Banque Misr (S.A.E) | Bahrain Mumtalakat Holding
Company B.S.C. (c) | Commercial International Bank (Egypt) S.A.E | Shelf
Drilling, Ltd. | BAPCO Energies B.S.C |  Saudi Basic Industries Corporation
(SABIC) |  Egypt |  Bank Dhofar S.A.O.G |  Bank Muscat SAOG |  National Bank of
Oman SAOG |  Bank of Jordan Plc |  Agricultural Bank of China Limited –
Update |  Jordan Ahli Bank Plc |  Bank Al Etihad |  Arab Bank Plc |  Oman
Telecommunications Company S.A.O.G. |  The Industrial Bank of Kuwait K.S .C. -
Update 
 

 

 

 

 

 

 

 
LATEST NAVIGATOR REPORTS
A visual overview of the key quantitative and qualitative factors Fitch analyzes
to arrive at an entity’s credit rating, and embodies our commitment to providing
clarity to investors and issuers.  Learn more

Latest Reports
Cihan Bank For Islamic Investment and Finance P.S.C

Egypt
Bank of Jordan Plc
National Bank of Egypt (S.A.E.)
Commercial International Bank (Egypt) S.A.E
Banque Du Caire S.A.E.
National Bank of Oman SAOG
Bank Muscat SAOG
Banque Misr (S.A.E)
Jordan Kuwait Bank
Dubai Islamic Bank (Public Joint Stock Company)
Bank Al Etihad
Bank Dhofar S.A.O.G
Arab Bank Plc
Jordan Ahli Bank Plc


 



 


 

 

 

         

 

   
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