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Middle East News
Fitch Ratings has affirmed Infrastructure Credit Guarantee Company PLC’s (InfraCredit) Insurer Financial Strength (IFS) Rating at ‘BB-‘ and National IFS Rating at ‘AAA(nga)’.
Fitch Ratings has affirmed the United Arab Emirates’ (UAE) Long-Term Issuer Default Ratings (IDRs) at ‘AA-‘ with a stable outlook, according to a rating note released by the agency. UAE’s ‘AA-‘ rating reflects low consolidated government debt, strong net external asset position and high GDP per capita.
Ripple (XRP) taps Bitcoin’s gaining streak, as the token price climbed about 2% to $1.42, though it’s still underperforming the broader market rally.
Strait of Hormuz: 3000 Vessels Stranded in Middle East -IMO The International Maritime Organisation (IMO)…
The European Union (EU) and the Gulf Cooperation Council (GCC) have strongly condemned what they described as unjustifiable Iranian attacks on GCC countries, saying the action threatens regional stability and global security.
African Eurobonds Issuers’ Yields Ease in Fresh Rally The average yield on Nigerian Eurobonds declined…
Dangote Sugar Refinery Plc’s (Ticker: DANGSUGAR) share price nosedived by 10% as investor sentiment deteriorated after an unimpressive earnings performance.
Brent hit $80 per barrel on Tuesday as Middle East tensions rattled the global commodity market, raising supply risks and affecting energy costs.
Oil Prices Rise Amidst Geopolitical, Geoeconomic Concerns Oil prices climbed on Wednesday as markets struggled…