Tag Archive: GCC

Falcon Group’s Emma Clark explains how GCC corporates are achieving growth throughout tightening liquidity

In the second commentary article in a series for Financer Worldwide, Emma Clark, head of business development, UK and Europe at Falcon Group, discusses that as oil revenues continue suffer and bank liquidity dries throughout the GCC region, corporates will continue to seek alternative means of financing than traditional bank lending. Unhampered by the same regulatory …

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S&P explains rising oil prices in Petroleum Review

2016 was especially tough for the world’s major oil producers in the Gulf Cooperation Council (GCC). Due to a major loss in oil revenues, national deficits are expected to average at about 10% of GDP, and governments have made rigorous efforts to scale back spending. In an article for Petroleum Review, S&P Global Ratings’ Associate …

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S&P Global’s Karim Nassif tells FTSE Global Markets GCC infrastructure is expected to remain stable despite rising deficits

Since 2014, low oil prices have contributed to rising deficits in the Gulf Cooperation Council (GCC). S&P Global Rating’s regional expert and associate director, Karim Nassif, shows FTSE Global Markets that growing deficits are transforming GCC governments’ subsidy and tax policies, and are expected to spur much needed financial innovation throughout the region. Amid weaker …

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S&P’s Karim Nassif writes about the comeback of Sukuk financing in The Financial

First issued by the Malaysian government in 2000, sukuk – or Islamic bonds – are financing tools that do not breach sharia law. These bonds have since become an important part of corporate and infrastructure financing in the Gulf Cooperation Council (GCC)  and Malaysia, with issuance totalling US $6.5 million by 2014 in these regions. …

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S&P tells PPP Bulletin: Public-private partnerships could be the solution for the Gulf

In an opinion piece for specialist magazine PPP Bulletin, Karim Nassif, regional expert and associate director at Standard & Poor’s, suggests the Gulf is on the cusp of a public-private partnership (PPP) revolution. Given the need to diversity funding sources for crucial infrastructure projects – a result of tighter public-sector purse strings thanks to a …

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Low oil price is slowing infrastructure development in the Gulf, says S&P

Karim Nassif, associate director at Standard & Poor’s, based in Dubai, recently published research looking into the impact of lower oil prices in the Gulf Cooperation Council (GCC). His findings reveal that the recent restraints on oil and gas prices, which have halved in value since mid-2014, have steered the GCC into a weak economic …

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