ArabianBusiness.com - Middle East Business News
Saturday, 04 July 2009 09:40 UAE time

YOUR DIRECTORY /

Bahrain's Gulf Finance House denies merger talks

Bahrain's Gulf Finance House denies merger talks

Banking & Finance
Islamic investment bank not to merge with Kuwait's First Investment Bank.

Kuwait's CBK reduces activity of investment unit - paper
Banking & Finance
CBK lowers financial activity in CBK Capital due to the lack of investment opportunities.

UAE banks await central bank guidance
Banking & Finance
UAE banks are unlikely to take loan-loss provisions in Q2 on troubled Saudi groups.

UAE banks have $3bn exposure to Saudi firms - paper
Banking & Finance
Banks' exposure goes beyond loans to include bilateral financing arrangements.

more »MIDDLE EAST BANKING & FINANCE COMMENT

Bonus lust isn’t dead yet at banks on the dole
it’s uncool to gulp down huge bonuses at a time of historic losses, says Ann Woolner.

 Ann Woolner  

Post-Lehman world will mean W-shaped recoveries
Japan is perhaps an example of what many economies don't want to become.

 William Pesek

more » MIDDLE EAST MARKETS DATA

DFM

Last Price:

0.00

0.00%

4 Jul 2009 01:40 GMT
(Market Closed)

ADX

Last Price:

2,671.29

+42.51+1.62%

2 Jul 2009 09:59 GMT
(Market Closed)

SSE

Last Price:

5,599.38

+2.92+0.05%

1 Jul 2009 12:30 GMT
(Market Closed)

CURRENCY CONVERTOR


more »OTHER MIDDLE EAST BUSINESS NEWS STORIES

Banking & Finance

  1. Bahrain's Gulf Finance House denies merger talks
  2. Kuwait's CBK reduces activity of investment unit - paper

Construction & Industry

  1. $543m Mirdiff Hills project on hold
  2. Firms stick to midday work ban on Day 1

Culture & Society

  1. Michael Jackson memorial set for Tuesday
  2. Boyfriend of death fall woman charged with unlawful sex

Education

  1. Some UAE private schools may start on time - paper
  2. UAE schools to extend work hours to cope with late start - paper

Energy

  1. Kuwait needs oil majors to hit targets - minister
  2. Gasoline prices down on demand concerns

Healthcare

  1. UAE confirms three new cases of swine flu
  2. Saudi issues Hajj warning amid rising swine flu cases

Islamic Finance

  1. Islamic banks need to revamp business model - E&Y
  2. Dow Jones launches Islamic Index

Media & Marketing

  1. Ibn Battuta Mall cinemas saw record weekend admissions
  2. UAE suspends newspaper over 'horse doping' claims

Personal Finance

  1. HSBC sees 'rapid increase' in customer 'skips'
  2. Car giant offers UAE's first free redundancy cover

Politics & Economics

  1. Kuwait MPs approve $42bn budget passed by gov't
  2. Qatar's population falls to 1.61m in June

Real Estate

  1. Qatar's Barwa defrauded by a South African - source
  2. Dubai developer Deyaar appoints new chairman

Retail

  1. Abu Dhabi June gold sales up on summer buying spree
  2. 200 people arrested in Dubai counterfeit crackdown

Sport

  1. Chelsea rejects Man City’s bid for Terry
  2. Abu Dhabi TV to exclusively telecast EPL football

Technology

  1. Saudi man held in $2,463 phone bill mix-up
  2. Ericsson in 4G talks with ME operators

Transportation

  1. Qatar's used-car market sees boom time - paper
  2. Bjorn Naf steps down as Gulf Air CEO

Travel & Hospitality

  1. Mideast tourist numbers drop in Jan-Apr 2009 - UN report
  2. Emirates adds flights to meet west Asia demand

more »MIDDLE EAST BANKING & FINANCE EVENTS

UPCOMING EVENTS

  1. Strategic Management of Computer Based Accounting & Business Information Systems (BIS)
    28 June 2009 | Dubai, United Arab Emirates
  2. Strategic Management of Computer Based Accounting & Business Information Systems (BIS)
    2 July 2009 | Dubai, United Arab Emirates
  3. Business & Financial Modelling Using Excel®
    5 July 2009 | Dubai, United Arab Emirates
See all events »

MORE BANKING & FINANCE STORIES

  1. S&P cuts rating on Oman United Insurance
  2. GCC's financial sector recovery slows in June - Al Mal
  3. Legal concerns delay creation of new bank
  4. Gulf's largest bank raises $1.09bn
  5. RLPC-Saudi loan restructuring to hit Gulf borrowing
All Banking & Finance news stories »

SPOT POLL

What do you think about predictions for the UAE real estate market?

It's already hit the bottom.
There's still another 20-30% correction to come.
It's now on the road to recovery.
Nothing's going to change until the end of the year.
ArabianBusiness.com/Jobs - Middle East Jobs Search
  1. Accounts Assistant
    Industry: Finance
    Location: Dubai, UAE
  2. Deputy Group Director of Finance
    Industry: Finance
    Location: Riyadh, Saudi Arabia
Browse all jobs »

UPCOMING ISSUE


 

READER COMMENTS

Read all user comments >

BUSINESS FEATURES

On the REIT track

Is the Middle East ready to embrace Real Estate Investment Trusts as an investment class?

Is your bank exposed to troubled Saudi groups?

Find out the exposure of some of the Gulf’s top banks to the troubled Saad, AHAD groups.

Credit Suisse traders keep rockin’ through firings

Keep swinging with the former Wall Street workers swapping music for money.

BUSINESS INTERVIEWS

Mumbai millions

Dubbed the Bill Gates of India, Ajit Balakrishnan talks markets, mobiles and slumdog millionaires.

Securing data

Netik's executive vice president Keith Hale explains why the company stands head and shoulders above the competition.

'The worst is yet to come'

Former World Bank chief James Wolfensohn warns that the global economy is facing a long road to recovery.

MORE FROM ARABIANBUSINESS.COM

JOBS

Jobs

SPECIAL REPORTS

Special Reports

SURVEYS & REPORTS

Research

PROPERTY

property