Neelam Verma strongly feels that pandemic underscored the need for financial literacy among women.
Business3 days ago
Moody's has upgraded Emirates NBD's long-term ratings to A2 from A3 and short-term ratings to P-1 from P-2. Moody's has maintained the stable outlook on the Group's ratings.
This positive rating action was driven by Moody’s Investors Service (Moody's) decision to upgrade Emirates NBD’s Baseline Credit Assessment, reflecting the Group’s resilient and higher profitability coupled with improved loan diversification.
Shayne Nelson, group CEO, Emirates NBD said: “We are delighted that Emirates NBD’s strong balance sheet, resilience and improving profitability have been recognised by Moody’s with this uplift in credit ratings. Emirates NBD is proud to use this strength to support the UAE 50 Economic Plan to boost the national economy, develop the local business environment and strengthen the position of UAE companies globally.”
Moody's expects that the rising interest environment will be beneficial for growth in Emirates NBD's profitability. These upgrades also capture the Group's solid capitalisation, funding and liquidity. — business@khaleejtimes.com
Neelam Verma strongly feels that pandemic underscored the need for financial literacy among women.
Business3 days ago
The country has already issued licences for more than 30 exchanges to be set up.
Business3 days ago
Minister says the launch is to achieve pharmaceutical and health security in the country
Business4 days ago
Munch:On will stop daily operations and the offering will be rebuilt on the Careem app.
Business4 days ago
New session of SBWCTalks will highlight scope for diversity and inclusion in dynamic, male-dominated real estate sector
Business4 days ago
The bonds were priced on Thursday and will be settled on July 7.
Business5 days ago
Transport and warehousing activities led the GDP growth in first quarter; Economy climbs 6.2% in 2021
Business5 days ago
Shurooq’s flagship project built on 38,000sqm is scheduled for completion in 2024
Business5 days ago