Finance
Abraaj Capital issue is fully subscribed
Firm completes $375m capital increase to shareholders, raises company's paid-in capital to $1.5bn.Dubai's Pharos launches $350m agricultural fund
Private equity firm announces fund to invest in agricultural projects.
UAE withdrew from monetary union for 'fundamental reasons'
Gulf monetary agreement did not consider the UAE banking sector - UAE Central Bank chief.
Emirates NBD has $350m Saudi exposure - chief
Gulf's biggest lender says its Q4 results will not be effected by exposure.
Dubai's Abraaj eyes property investments
PE firm's CEO says 2010 to be a significant investing year for private equity.
Emirates NBD launches bank’s new brand identity
Bank's branch signage, ATMs, marketing, sales & communication materials see change.
Dubai replaces head of DIFC
Omar Bin Sulaiman replaced from his post as governor of the Dubai International Financial Centre.
Tamweel, Amlak merger seen in Q1 2010
Tamweel's default rate had retreated from a peak of 3 percent recently - official.
SocGen opens wealth management office Bahrain
CEO John Abraham to head office under investment firm licence from Bahrain's CBB.
StanChart to boost Mideast pvt banking business
Standard Chartered's private banking division to open offices in Qatar, Bahrain and Lebanon.
More UAE bank mergers predicted in 2010 - Ethos
Consultancy firm MD says more to go ahead 'without any shadow of a doubt'.
UAE banks' Saad, Algosaibi exposure seen at $2.9bn
At least 13 UAE babnks, seven foreign banks affected, says central bank.
Saudi banks' non-performing loans to rise - S&P
NPL's at eight Saudi banks could double to four percent by mid-2010.
Any Gulf bank mergers to focus on Kuwait, UAE - S&P
Ratings agency doesn't see big M&A trend in GCC in foreseeable future.UAE banks set aside AED4bn for bad loans in Q3
Central bank data shows largest quarterly jump in provisions this year.
Dubai cargo carrier launches $500m fund
Midex Airlines says it plans to use the fund to invest in UAE aviation industry over five years.
Portsmouth FC secures new finance from bankers
Premier League club set to have transfer ban lifted after refinancing deal is completed.Customer service at UAE banks improving - survey
Performance rating rises 9% in latest research as banks focus on customer retention.
