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Results 1 - 20 of about 2,792 for loans; (0.015 seconds)
Aabar enters into $1.625bn loan agreement
25 Nov '09 | Banking & Finance / News
Abu Dhabi's Aabar Investments, which owns stakes in Daimler AG and the Brawn GP Formula One team, said it borrowed $1.62bn from local and international lenders in a six-month club loan deal for general corporate purposes.Aabar shares rose 2.2 percent on the Abu Dhabi exchange, while the general ...
Saudi index ends higher before Eid break
25 Nov '09 | Financial Markets / News
Gains in Al Rajhi Bank helped lift the Saudi index to a higher close, ahead of a week-long break for Eid.Al Rajhi Bank, the country's largest listed lender, rose two percent and Banque Saudi Fransi climbed 1.6 percent. Arab Bank gained 1.3 percent.The index ended 0.8 percent higher at 6,356 points. ...
Renaissance signs new term loan facilities of Rial 9 million (US$ 23.5 million)
19 Nov '09 | Press Releases
... assets and balance sheet, and reinforces the willingness of Omani banks to partner with Renaissance. The company’s policy has historically matched loans against its long term asset development which illustrates its cautious attitude on lending and reassurance. The continued support from Omani banks ...
Union Properties in talks to sell 50% Emicool stake
24 Nov '09 | Real Estate / News
Dubai's Union Properties, which fell into the red in the last two quarters, may take a revaluation loss on its property portfolio and provisions in the fourth quarter, its vice chairman said."The company may take some revaluation loss in the fourth quarter. We may be forced to take provisions on ...
Jeweller closures ‘inevitable’ as gold demand slumps
24 Nov '09 | Retail / News
... Left with cashflow problems, jewellery retailers have been forced to liquidate inventories to meet margin calls and make repayments on gold loans. As yet, there have not been any notable closures of jewellers, but this is probably inevitable if demand conditions do not improve,” the report forecast.
Gulf nations to see solid growth in 2010
23 Nov '09 | Politics & Economics / News
... . Credit growth in the Saudi kingdom almost came to a halt in September, while UAE banks set aside more funds as provisions for bad loans in the third quarter in a biggest quarterly jump this year.Even though the outlook for the six Gulf oil producers looks brighter than several months ago, fears ...
Tamweel records 95% fall in Q3 profit
22 Nov '09 | Islamic Finance / News
... into a single, Islamic bank early next year.Like many other banks and mortgage finance firms, Tamweel was forced to raise its provisions for bad loans and saw defaults on home payments.Sheikh Khaled said on Friday that its default rate had retreated from a peak of 3 percent recently and "has been ...
The Roubini Vs Rogers debate
22 Nov '09 | Banking & Finance / Comment
It's a, well, golden opportunity. Investor Jim Rogers thinks gold will double to at least $2,000 an ounce. Economist Nouriel Roubini says that's "utter nonsense."As these well-known market personalities duke it out, they're doing us a favour by highlighting a critical debate: Which is the bigger ...
Emirates NBD launches bank’s new brand identity
21 Nov '09 | Banking & Finance / News
UAE-based Emirates NBD has announced the launch of its new brand, the bank said in a press release on Saturday.The new brand is the embodiment of the successful unity of Emirates Bank and National Bank of Dubai (NBD), two of the region’s leading financial institutions, it added.The vision behind ...
Power play
21 Nov '09 | Energy / Interviews
... 2.5bn. And the firm that owns 40 percent - when 80 percent of the cost of that project is actually foreign investment, foreign loans - they are going to want to see the likelihood of a good return." The game is changing, though, partly because of a growing awareness of the threat of climate change. ...
Tamweel, Amlak merger seen in Q1 2010
20 Nov '09 | Banking & Finance / News
... by the property collapse that hit Dubai last year.Like many other banks and mortgage finance companies, Tamweel was forced to raise its provisions for bad loans and saw defaults on home loan payments.Tamweel's chairman said on Friday that its default rate had retreated from a peak of 3 percent ...
Saudi Arabia grants Pakistan $380m loan
11 Nov '09 | Politics & Economics / News
... official said."This ($380m) loan was granted by the Saudi Development Fund which supports development in foreign countries by giving grants or soft loans," the official said."Saudi Arabia is so far Pakistan's biggest donor under the Tokyo agreement ... We will deliver the remaining $320m soon. We ...
Saudi banks' non-performing loans to rise - S&P
18 Nov '09 | Banking & Finance / News
... an improvement in the economy takes time to reflect on banks' asset quality.Saudi banks have sharply raised provisions for loans losses this year, and they have more than tripled in the nine months to end-September. "This year, Saudi banks had to set aside more provisions for the lending business," ...
UAE banks set aside AED4bn for bad loans in Q3
17 Nov '09 | Banking & Finance / News
UAE banks set aside a further AED4 billion in specific provisions for non-performing loans in the third quarter, according to data published on the central bank's website, but the pace of increase appears to be slowing.Provisions for NPLs at Sept. 30 set aside for specific defaults totalled AED27.8 ...
Saad unit lenders meet, liquidators appointed
6 Nov '09 | Banking & Finance / News
Creditors of Saad Investments Company Ltd (SICL) held their first official meeting on Thursday, accountancy firm Grant Thornton said, taking a next step in the troubled firm's restructuring process.Banks are seeking repayment of a loan of up to $2.8 billion taken out in 2007 by Cayman Islands- ...
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