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Sunday, 05 July 2009 07:34 UAE time

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Qatar bank lending falls $4.2bn in Q1 - report

Banking & Finance
Qatar Central Bank figures reveal 7% drop in lending, compared to last quarter of 2008.



Saturday, 04 July 2009

Saudi Alinma Bank opens first branches

Banking & Finance
Alinma had raised $2.8bn in an IPO last year; to compete with 11 Saudi banks & many foreign banks.

Saudi Alinma Bank opens first branches

Friday, 03 July 2009

Bahrain's Gulf Finance House denies merger talks

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

Bahrain's Gulf Finance House denies merger talks

Thursday, 02 July 2009

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.

Kuwait's CBK reduces activity of investment unit - paper

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 await central bank guidance

UAE banks have $3bn exposure to Saudi firms - paper

Banking & Finance
Banks' exposure goes beyond loans to include bilateral financing arrangements.

UAE banks have $3bn exposure to Saudi firms - paper

Wednesday, 01 July 2009

S&P cuts rating on Oman United Insurance

Banking & Finance
Agency says insurer’s competitive position negatively impacted by regulatory changes.

S&P cuts rating on Oman United Insurance

GCC's financial sector recovery slows in June - Al Mal

Banking & Finance
Analysts say regional loan growth stalled amid fears over exposure to troubled Saudi firms.

GCC's financial sector recovery slows in June - Al Mal

Qatar National Bank launches IPO

Banking & Finance
Qatar's largest bank announces launch of 34% of its total equity, open to subscribers.

Qatar National Bank launches IPO

Legal concerns delay creation of new bank

Banking & Finance
Federal National Council delays Emirates Development Bank amid concerns over governing laws.

Legal concerns delay creation of new bank

Tuesday, 30 June 2009

Gulf's largest bank raises $1.09bn

Banking & Finance
Emirates NBD in capital raising move in effort to meet minimum requirements of UAE central bank.

Gulf's largest bank raises $1.09bn

Monday, 29 June 2009

RLPC-Saudi loan restructuring to hit Gulf borrowing

Banking & Finance
Saad, Algosaibi troubles could crimp lending to Saudi, say banking sources.

RLPC-Saudi loan restructuring to hit Gulf borrowing

Fraudster Bernie Madoff sentenced

Banking & Finance
Wall Street takes note as judge hands down maximum possible sentence to disgraced US financier.

Fraudster Bernie Madoff sentenced

UAE banks have 'significant' exposure to troubled Saudi firms

Banking & Finance
Bank governor urges common solution to Saad, Algosaibi debt.

UAE banks have 'significant' exposure to troubled Saudi firms

Sunday, 28 June 2009

Top Bahrain banker sees economic crisis easing

Banking & Finance
Bahrain Association of Banks chairman says recovery on the way, sees no need to panic.

Top Bahrain banker sees economic crisis easing

Saudi's foreign assets fall for sixth successive month

Banking & Finance
Rate of decline slows to just over 1%, down to $395bn, according to official data.

Saudi's foreign assets fall for sixth successive month

Saturday, 27 June 2009

Saudi investor accepts watchdog's fine

Banking & Finance
Mohammed bin Ibrahim bin Mohammed al-Issa still denies original insider trading charge.

Saudi investor accepts watchdog's fine

Troubled Algosaibi owes $9.2bn to banks - sources

Banking & Finance
Saudi family holding company reportedly owes money to more than 100 banks.

Troubled Algosaibi owes $9.2bn to banks - sources

Friday, 26 June 2009

Saudi Saad sells more shares in UK's Berkeley

Banking & Finance
Troubled Saudi investor group takes its stake in British housebuilder to just 2.73%.

Saudi Saad sells more shares in UK's Berkeley

Thursday, 25 June 2009

Four senior Ajman Bank officials quit roles

Banking & Finance
Resignations will be effective from June 30; bank gives no reason for departures.

Four senior Ajman Bank officials quit roles

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