ArabianBusiness.com - Middle East Business News
Friday, 05 December 2008 14:18 UAE time

YOUR DIRECTORY /

Moody's mulls downgrade for four Kuwaiti banks

Moody's mulls downgrade for four Kuwaiti banks

Banking & Finance
Concerns over real estate exposure leads investors service to put banks on review.

BMB Group plans major Saudi expansion
Banking & Finance
Investment group plans to increase presence in Middle East after merger move.

Qatar $2.6bn petrochemical project delayed
Banking & Finance
Joint venture between Qatar Petroleum and SKorea's Honam victim of credit crunch.

UAE banks plan iris scan security move - report
Banking & Finance
Deal reached to bring in new technology following ATM fraud in UAE in September.


more »MIDDLE EAST BANKING & FINANCE COMMENT

Goodbye good time banks
In the last month, Western banks have been shutting their doors to the very people who helped them build up huge fortunes in the UAE.

Anil Bhoyrul  

Citigroup's 'capital' was all casing, no meat
There something very wrong with the way Citigroup measures capital, argues Jonathan Weil.

Jonathan Weil

more » MIDDLE EAST MARKETS DATA

DFM

Last Price:

1,974.90

+10.24+0.52%

1 Dec 2008 09:59 GMT
(Market Closed)

ADX

Last Price:

2,754.48

-21.37-0.77%

1 Dec 2008 10:00 GMT
(Market Closed)

SSE

Last Price:

4,654.88

+66.62+1.45%

3 Dec 2008 12:30 GMT
(Market Closed)

CURRENCY CONVERTOR

more »OTHER MIDDLE EAST BUSINESS NEWS STORIES

more »MIDDLE EAST BANKING & FINANCE EVENTS

UPCOMING EVENTS

  1. Estimating, Budgeting, Cost Control & Value Engineering
    16 November 2008 | Dubai, United Arab Emirates
  2. Cost Accounting Techniques & Skills For Businesses & Industries
    24 November 2008 | Dubai, United Arab Emirates
  3. Finance For Non-Finance Professionals
    24 November 2008 | Dubai, United Arab Emirates
See all events »

SPOT POLL

Following the latest job cuts by Nakheel, which statement best sums up your views as an employee in the Gulf regon?

The majority of the job cuts have now been made and I believe my job is safe.
I reckon more job cuts will be made but only in the real estate sector.
I never thought job cuts would hit the region and Nakheel's announcement shows how bad things are.
I'm really worried that my job could be the next to go.
ArabianBusiness.com/Jobs - Middle East Jobs Search
  1. UAE Head of Insurance Brokering
    Industry: Finance
    Location: Dubai, UAE
  2. Chief Analyst - Fin. Policies and Procedures Division
    Industry: Finance
    Location: Saudi Arabia
Browse all jobs »

EMIRATES ID DOWNLOAD

READER COMMENTS

  1. UAE banks plan iris scan security move - report 1
    04 Dec ' 08 at 18:24
    I would hope the banks are thinking beyond the obvious. There is a potential to put this technology to better use. Cardless services,...  More »
Read all user comments >

BUSINESS FEATURES

Banks hoard Fed cuts

Regional mortgage lenders are refusing to pass falling US interest rates on to customers in the emirates.

Dead sea stars

The Entrepreneur of the Year Awards brought together some of the region's best and the brightest.

Vanishing act

Customers of UK building society Bradford and Bingley ask where's safest as banks continue to vanish.

BUSINESS INTERVIEWS

JP Morgan seeks growth in KSA market

Ghassan Abdul Karim explains why the kingdom is a crucial part of the company jigsaw in the Gulf.

Why there's life after Lehman

As global markets go into freefall, where will sovereign funds be looking next? Makram Azar explains.

Eyeing African investments

Wessel Witthuhn of IFA discusses the company's on-going hospitality investment plans in the region.

MORE FROM ARABIANBUSINESS.COM