#Moody’s

UAE to offer corporate tax relief to ‘public benefit’ entities

Organisations that qualify for the exemption include entities that focus on activities such as philanthropy, community services and corporate social responsibility

S&P Global, Moody’s raise Saudi Arabia rating

S&P Global, Moody’s raise Saudi Arabia rating on reform agenda

Fitch Ratings, one of the big three rating agencies, assigns Saudi Arabia the same score as S&P Global while Moody’s has it one level higher

Emirates NBD’s H1 2022 profit rises 11% to AED 5.3 billion

Emirates NBD reports profit of Dhs5.3bn, its highest since 2019

Emirates NBD played a leading role in both the DEWA and TECOM IPOs, delivering customers a fully digital platform

Kuwait gets first Moody’s downgrade over ‘liquidity risks’

Moody’s now ranks Kuwait two steps lower than Fitch Ratings and one below S&P Global Ratings

Oman Muscat

Moody’s downgrades Oman for a second time in 2020 as oil dips

This year, Oman trimmed its budget expenditure and announced liquidity support in an effort to provide some relief from the Covid-19 shock