News

Ratings agency Moody’s opens Riyadh office

RiyadhMoody’s, a ratings agency, has opened an office in Riyadh to enlarge its presence in Saudi Arabia’s debt capital markets. Moody’s has appointed Mahmoud Totonji as the general manager and head of relationship management for the country. According to Moody’s president Robert Fauber, the office opening underscores the rating agency’s “commitment to contributing to the broader dialogue on GCC markets” and builds on two decades of experience in the region. Moody’s began rating Saudi sovereign bonds in January 1996 and currently rates $50 billion of government debt. Saudi Arabia has recently stepped up its ambitions to become a key market for Islamic finance, completing the world’s largest ever inaugural sukuk issuance at $9 billion in April 2017. “Given the kingdom’s increasing presence in the debt capital markets and its plans for further expansion under Saudi Vision 2030, we look forward to continuing to provide insightful, transparent and predictive credit ratings,” said Totonji. ©2018 funds global mena

Executive Interviews

INTERVIEW: ‘Financing is the blood of Iran’s economy’

Jan 04, 2019

Amid a fresh wave of American sanctions, Romil Patel spoke to Meysam Hamedi, director of financial markets and instruments at Iran’s Securities & Exchange Organization (SEO).

INTERVIEW: Totally mega

Jun 13, 2018

In 2016, global consulting firm PWC forecast the emergence of five global ‘megatrends’ in the next two decades. Stephen Anderson, its Middle East clients and markets leader, talks about their...

Roundtables

ROUNDTABLE: Hooked to the global caravan

Jan 04, 2019

With the MENA region at a tipping point, our panellists talk about economic diversification, the impact of regulation and the delayed Saudi Aramco listing. Chaired by Romil Patel in Dubai.

MENA ROUNDTABLE: ‘The story is about reforms’

Jun 13, 2018

Our cross-industry panel discuss the positive backdrop in Egypt, the Dana Gas controversy and the potential index upgrades of Saudi Arabia and Kuwait. Chaired by George Mitton in Dubai.