Bahrain
Kuwait
Oman
Qatar
Saudi Arabia
UAE
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Deputy Group Director of Finance
Industry: Finance
Location: Riyadh, Saudi Arabia -
ISO auditor
Industry: Finance
Location: Jeddah, Saudi Arabia
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.
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.
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.
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 have $3bn exposure to Saudi firms - paper
Banking & Finance
Banks' exposure goes beyond loans to include bilateral financing arrangements.
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.
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.
Qatar National Bank launches IPO
Banking & Finance
Qatar's largest bank announces launch of 34% of its total equity, open to subscribers.
Legal concerns delay creation of new bank
Banking & Finance
Federal National Council delays Emirates Development Bank amid concerns over governing laws.
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.
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.
Fraudster Bernie Madoff sentenced
Banking & Finance
Wall Street takes note as judge hands down maximum possible sentence to disgraced US financier.
UAE banks have 'significant' exposure to troubled Saudi firms
Banking & Finance
Bank governor urges common solution to Saad, Algosaibi debt.
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.
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.
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.
Troubled Algosaibi owes $9.2bn to banks - sources
Banking & Finance
Saudi family holding company reportedly owes money to more than 100 banks.
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%.
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.
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