Capital Intelligence Raises First Gulf Bank’s Rating to A- Capital Intelligence (CI) rating agency has raised FGB’s (First Gulf Bank) long-term foreign currency rating and financial strength rating from BBB to A-. The bank’s short-term foreign currency rating was increased from A3 to A2, the support rating was raised from 3 to 2, whereas a stable outlook was assigned to all the ratings. The agency noted that this upgrade is attributable to the bank’s ability to raise a substantial amount of new capital amid the strength of its ownership by the ruling family of Abu Dhabi and the family’s confidence in its management team and board. FGB was last trading at around AED25 ($6.8) per share on the Abu Dhabi Stock Market. IFA Announces a 46% Rise in H1-2005 Profits Kuwaiti-based International Financial Advisors (IFA) announced a 45.8% year-on-year rise in first-half profits to KD33.3m ($114m). The six months profits