Home
|
Media Center
|
Careers
Personal
Accounts
Loans
eBanking
NRI Business
Other Services
Corporate
Corporate Banking
International Banking
Syndicated Loans
Trade Finance
Long Term Finance
Working Capital Facilities
SMEs Facility Application – Law (2) – 2021
Investor Relations
Our Strategy
Financials
Financial News
BBK News
Local & Global Market
Shareholder's Queries
Customer Service
Branch Timing
Request for Support
Security Center
FAQ
Tutorials
Contact Us
About Us
About Us
BBK Network
Subsidiaries
Board of Directors
Executive Management
Divisions
Corporate Governance
Our Strategy
Financials
Overview
Quarterly Reports 2010
Annual Report 2009
Annual Report 2008
Annual Report 2007
Annual Report 2006
Annual Report 2005
Annual Report 2004
Annual Report 2003
Annual Report 2001
Previous Quarter Results
Pillar Disclosures
LCR Reports
Financial News
BBK News
Local & Global Market
Shareholder's Queries
Internet Banking
Retail login
Help
|
Alert
What do you want to do?
Select here
Access Retail Internet Banking
Home
Investor Relations
Financial News
FinancialNews
20-03-21
Dubai, Abu Dhabi’s decision to limit increased revenues of education company GEMS
(MENAFN)Moody’s stated that a decision to freeze school costs in Dubai and Abu Dhabi for the current, next year is going to limit the skill of education company GEMS to increased revenues.
According to the credit ratings, as this impact was estimated it nonetheless creates “a degree of uncertainty regarding GEMS’ ability to increase tuition fees consistently in the future, which may further slow down its deleveraging trajectory.”
A number of private schools in the region reduced fees to facilitate the financial load on families that may be suffering, but the situation raised pressure on the industry’s own financial footing. At the same time the removal of refugee from the region which predated the pandemic weakened the outlook for the sector.
Moody’s further stated that “We estimate that GEMS generates around three quarters of its revenue in Dubai and Abu Dhabi.To offset these restrictions, GEMS will implement cost control measures that include capping staff wage inflation and reducing discretionary capital spending.”
View complete sitemap
Personal
Accounts
Loans
Mortgage
eBanking
ATM
Internet Banking
SMS Banking
NRI Business
Other Services
Corporate
Corporate Banking
International Banking
Syndicated Loans
Trade Finance
Long Term Finance
Working Capital Facilities
SMEs Facility Application – Law (2) – 2021
Investor Relations
Our Strategy
Financials
LCR Reports
Financial News
BBK News
Local & Global Market
Shareholder's Queries
Customer Service
Branch Timing
Request for Support
Security Center
FAQ
BBK tariffs
Tutorials
Customer Protection
Contact Us
About Us
About Us
BBK Network
Subsidiaries
Board of Directors
Executive Management
Divisions
Corporate Governance
Follow us