December 19th 10pm

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Samson: The first Iraqi bank to receive an internationally recognized credit rating

19th December, 2018

The credit rating agency Fitch announced on Wednesday that the Iraqi Bank for Trade B-degree with a stable outlook, while the bank stressed that the strength of the balance sheet and the high level of profitability in its work as well as liquidity and diversification strategy behind the classification

According to the agency that the classification of the Iraqi Bank for Trade came to the credit rating B - to be the first Iraqi bank to obtain a credit rating official by a rating agency of the global, the main factors that lead to a positive assessment is to improve the prospects for growth and business environment and security situation, Reduce the budget deficit, thereby reducing the debt ratio of GDP over the medium term


Samson: Governor of the Saudi central: put the currency "very reassuring"

19th December, 2018

Saudi central bank governor said on Wednesday the local currency put the riyal "very reassuring", warning that the bank will not be allowed to speculate in it. 

"When we say that it is a red line, we mean that we will not allow anyone to fight it," Governor Ahmad al-Khulaifi told a news conference.

He reiterated that the central bank does not intend to change its exchange rate policy. Saudi Arabia keeps the exchange rate pegged at 3.75 to the dollar.    LINK