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Monday, 23 November 2009 08:21 UAE time

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Emirates NBD has $350m Saudi exposure - chief

Banking & Finance
Gulf's biggest lender says its Q4 results will not be effected by exposure.



Saturday, 21 November 2009

Dubai's Abraaj eyes property investments

Banking & Finance
PE firm's CEO says 2010 to be a significant investing year for private equity.

Dubai's Abraaj eyes property investments

Emirates NBD launches bank’s new brand identity

Banking & Finance
Bank's branch signage, ATMs, marketing, sales & communication materials see change.

Emirates NBD launches bank’s new brand identity

Dubai replaces head of DIFC

Banking & Finance
Omar Bin Sulaiman replaced from his post as governor of the Dubai International Financial Centre.

Dubai replaces head of DIFC

Friday, 20 November 2009

Tamweel, Amlak merger seen in Q1 2010

Banking & Finance
Tamweel's default rate had retreated from a peak of 3 percent recently - official.

Tamweel, Amlak merger seen in Q1 2010

Thursday, 19 November 2009

SocGen opens wealth management office Bahrain

Banking & Finance
CEO John Abraham to head office under investment firm licence from Bahrain's CBB.

SocGen opens wealth management office Bahrain

StanChart to boost Mideast pvt banking business

Banking & Finance
Standard Chartered's private banking division to open offices in Qatar, Bahrain and Lebanon.

StanChart to boost Mideast pvt banking business

More UAE bank mergers predicted in 2010 - Ethos

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

More UAE bank mergers predicted in 2010 - Ethos

UAE banks' Saad, Algosaibi exposure seen at $2.9bn

Banking & Finance
At least 13 UAE babnks, seven foreign banks affected, says central bank.

UAE banks' Saad, Algosaibi exposure seen at $2.9bn

Wednesday, 18 November 2009

Saudi banks' non-performing loans to rise - S&P

Banking & Finance
NPL's at eight Saudi banks could double to four percent by mid-2010.

Saudi banks' non-performing loans to rise - S&P

Any Gulf bank mergers to focus on Kuwait, UAE - S&P

Banking & Finance
Ratings agency doesn't see big M&A trend in GCC in foreseeable future.

Any Gulf bank mergers to focus on Kuwait, UAE - S&P

Tuesday, 17 November 2009

UAE banks set aside AED4bn for bad loans in Q3

Banking & Finance
Central bank data shows largest quarterly jump in provisions this year.

UAE banks set aside AED4bn for bad loans in Q3

Sunday, 15 November 2009

Dubai cargo carrier launches $500m fund

Banking & Finance
Midex Airlines says it plans to use the fund to invest in UAE aviation industry over five years.

Dubai cargo carrier launches $500m fund

Portsmouth FC secures new finance from bankers

Banking & Finance
Premier League club set to have transfer ban lifted after refinancing deal is completed.

Portsmouth FC secures new finance from bankers

Customer service at UAE banks improving - survey

Banking & Finance
Performance rating rises 9% in latest research as banks focus on customer retention.

Customer service at UAE banks improving - survey

Friday, 13 November 2009

'Financial panic is behind us'

Banking & Finance
World's most admired investor thinks last year's financial panic is thing of the past.

'Financial panic is behind us'

UAE bankers see 2009 bonuses drop by 40% - paper

Banking & Finance
Fixed-income bonuses to be more hit; banks to focus on well-performing departments.

UAE bankers see 2009 bonuses drop by 40% - paper

Abu Dhabi court orders freeze on Saad assets

Banking & Finance
Court also orders provisional seizure of any movable properties in any emirate.

Abu Dhabi court orders freeze on Saad assets

Mideast not to be hurt by 5,000 Lloyds job cuts

Banking & Finance
UK-based global bank had announced 5,000 more roles would be cut by 2010-end.

Mideast not to be hurt by 5,000 Lloyds job cuts

Thursday, 12 November 2009

Omantel expects to take $24m hit in Q4

Banking & Finance
Oman Telecoms sees OR9.2m one-off charge after offering voluntary redundancies in a bid to cut costs.

Omantel expects to take $24m hit in Q4

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SPOT POLL

Do you think there are too many banks in the UAE?

Yes, there aren’t enough people to support them all, so there should be some mergers.
No, you need to have smaller banks, especially post financial crisis.
No, banks from certain countries, like India with a huge expat population here, are under represented.
Who cares, the service is terrible wherever you go.
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READER COMMENTS

Reader Comments (24 hrs)

  1. The Roubini Vs Rogers debate 2
    22 Nov ' 09 at 14:44
    Simon, I agree with everything you say. The paper gold games of Comex and the gold fractional reserve banking system of the LBMA are...   More  »
  2. Dubai replaces head of DIFC 1
    22 Nov ' 09 at 09:03
    This was long overdue. Its been 7 years since the concept of establishing Dubai as a regional finance hub was created and 6 years...   More  »
  3. More UAE bank mergers predicted in 2010 - Ethos 1
    22 Nov ' 09 at 09:33
    Published initially on Wednesday 4 March 2009_____________________________________________________UAE banks would benefit from a...   More  »

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