International
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Saudi Arabia lays path to creating viable Islamic securitisation and covered bond markets
Saudi Arabia ( rated A1 positive by Moody’s) is the largest Islamic finance market globally and Moody’s expects the Saudi…
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Greek Government Welcomes Moody’s Credit Rating Upgrade
The Greek government welcomed Moody’s decision to upgrade the country’s credit rating from Ba3 to Ba1 with a stable outlook…
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Roles Kenya will play as it establishes diplomatic relations with Haiti
Kenya has formally established diplomatic relations with Haiti.President William Ruto and Haiti Prime Minister Ariel Henry witnessed the signing of…
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AfDB urges stronger Korea-Africa cooperation for sustainable development
Akinwumi Adesina, the President of the African Development Bank Group, has delivered a compelling message at the 7th Korea-Africa Economic…
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Metropol Corporation to hold Ratings Summit to explore 3 major issues in Africa
Use of credit rating to facilitate credit transactions in both private and public sectors has remained low, and misunderstood, amidst…
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Why more countries want to join BRICS
BRICS, an emerging market group that includes Brazil, Russia, India, China and South Africa, will hold its 15th annual gathering,…
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Russia’s central bank hikes rates to 12 percent to halt rouble’s slide
Russia’s central bank has hiked its key interest rate by 350 basis points to 12 percent, an emergency move to…
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Argentina hikes benchmark interest rate to 118% to defend devalued currency
Argentina devalued its currency by nearly 18% on Monday while the benchmark interest rate was raised by 21 percentage points…
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IEA sees slower 2024 oil demand growth, tightening market this year
The International Energy Agency (IEA) on Friday said demand growth for oil next year will be slower than previously forecast,…
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Saudi Aramco’s profit down 38% to Ksh.4.3 trillion in Q2
Oil firm Saudi Aramco announced its profits of Ksh.4.3 trillion (US$30.08 billion) for the second quarter, a sharp fall from…
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