Finance

INDIA WATCH: Indian stocks tumbled on Friday, the rupee weakened and bond yields fell. (Getty Images - for illustrative purposes only)

Need to assess Dubai before reacting – India cenbank

Indian stocks tumble on Friday, the rupee weakens and bond yields fall.
BIG FIRM: Dubai World had $59.3bn in liabilities and $99.6 bn in assets at the end of 2008. (Getty Images)

ADCB may be owed $1.9bn by Dubai World - report

Third-largest lender in UAE refuses to comment on specifics of its talks with DW.
DUBAI DEBT: Credit default swaps rose on Thursday. (Getty Images)

Cost of insuring Dubai's debt rises further

Credit default swaps jump on Thursday after gov't seeks standstill deal on debts.
STANDSTILL DEAL: Creditors of Nakheel and Dubai World are being asked to agree a debt standstill. (ITP Images)

Deal sought on Dubai World, Nakheel debts

UPDATE 3: Cost of insuring Dubai's debt against default soars, DP World not included in restructuring.
FAMILY FINANCE: A lack of venture capital is a reason why more young Arabs do not set up their own companies. (Getty Images)

Arab youth SMEs turn to family finance

Lack of venture capital is hindering young Arab entrepreneurs - chairman of Young Arab Leaders.
MONEY MATTERS: Dubai announced on Wednesday it had raised a further $5bn as part of its long term bond programme.

Dubai raises further $5bn in bond sale

UPDATE 3: Amount raised will meet emirate's current needs and obligations - Dep't of Finance statement.
F1 STAR: Jenson Button, world champion driver for Brawn GP, which Aabar Investments has a stake of. (Getty Images)

Aabar enters into $1.625bn loan agreement

UPDATE 1: Abu Dhabi firm borrows six-month loan for general commercial purposes.
BANK SERVICES: A majority of those who took part in our survey criticised banking standards in the UAE.

UAE banks need to improve customer service - poll

Arabian Business survey reveals widespread criticism of banking sector services.
EMERGING MARKET: Islamic banks should target female customers as part of their future growth, a new report says. (Getty Images)

Islamic banks should target female market - report

Islamic banks 'well positioned' to take advantage of growing demand.
US DOLLAR: Abraaj has completed a $375m capital increase to shareholders. (Getty Images)

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.
BANKING BOSS: UAE Central Bank governor Sultan bin Nasser al-Suweidi. (Getty Images)

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.
PRIVATE EQUITY: Abraaj had set up a $500 million commercial property fund two months ago. (Getty Images)

Dubai's Abraaj eyes property investments

PE firm's CEO says 2010 to be a significant investing year for private equity.
TOP BOSS: Emirates NBD’s CEO, Rick Pudner. (Getty Images)

Emirates NBD launches bank’s new brand identity

Bank's branch signage, ATMs, marketing, sales & communication materials see change.
FINANCE CENTRE: Dubai's government set up the DIFC in 2002. (Getty Images)

Dubai replaces head of DIFC

Omar Bin Sulaiman replaced from his post as governor of the Dubai International Financial Centre.
MERGER PLAN: The UAE government said it intended to merge Amlak and Tamweel in November 2008.(Getty Images)

Tamweel, Amlak merger seen in Q1 2010

Tamweel's default rate had retreated from a peak of 3 percent recently - official.
(Getty Images)

SocGen opens wealth management office Bahrain

CEO John Abraham to head office under investment firm licence from Bahrain's CBB.
BIG PLANS: StanChart plans to recruit seven relationship managers in the UAE in the next 12 months.(Getty Images)

StanChart to boost Mideast pvt banking business

Standard Chartered's private banking division to open offices in Qatar, Bahrain and Lebanon.
MERGERS SEEN: Ethos Consultancy, which publishes an annual ranking of UAE banks, sees more mergers in 2010. (Getty Images)

More UAE bank mergers predicted in 2010 - Ethos

Consultancy firm MD says more to go ahead 'without any shadow of a doubt'.

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