Fitch upwardly revises QIIB outlook to 'stable' Jun 14, 2018 0 252 12345 DOHA Fitch Ratings has upgraded Qatar International Islamic Bank's (QIIB) outlook to 'stable' and affirmed its Long-Term Issuer Default Rating (IDR) at 'A', which underlines the strength of the Qatari economy. The upward rating reflects Fitch's view that Qatar has successfully managed the fallout from the blockade."Public sector liquidity injections have stabilised the country's banking sector and stemmed the outflow of non-domestic funding", Fitch Ratings said."Qatar's fiscal deficit has narrowed sharply and Fitch expects it to turn into a surplus in 2019. The economy has reconfigured its supply chains and continues to grow at a robust pace. There has been no escalation of measures against Qatar," the rating agency said. QIIB CEO Dr Abdulbasit Ahmad al Shaibei said,"The QIIB rating at this high level, with a stable outlook, reflects the strength of the Qatari economy, which provides an incredible thrust to its banking sector that has proven to be highly efficient and resilient to the challenges." POST A COMMENT RELATED ARTICLES Qatar pledges 10,000 jobs, $500 million aid for Jordan Jun 14, 2018 0 1941 Festive fervour grips Qatar Jun 14, 2018 0 1904 US, Mexico and Canada win race to host 2026 World Cup Jun 14, 2018 0 199 'Israel, UAE in close covert ties since 1990s' For more than two decades, Israel has maintained a clandestine but extremely close relationship with the UAE, which has focused heavily on intelligence sharing and security cooperation, including potential arms .. MEC launches inspection campaign for Eid DOHA The Ministry of Economy and Commerce has launched intensive inspection campaigns before and during Eid Al Fitr. The campaigns target various commercial activities across Qatar including shops selling Eid .. Amir to receive well-wishers on the first day of Eid The Amir HH Sheikh Tamim bin Hamad al Thani will receive well-wishers on the occasion of the blessed Eid Al Fitr at Al Wajba Palace on the first day of the Eid, the Amiri Diwan has announced. The Amir will receive the ..