News, Middle East Banking & Finance News

Wednesday, 04 November 2009
updated 1 minute ago
14:11 UAE time

YOUR DIRECTORY /

Istithmar World senior manager jailed for five years

Banking & Finance
Judge hands down toughest sentence yet amid Dubai's crackdown on corruption.

Tuesday, 03 November 2009

No Saudi interest rate change in Q3 - central bank

Banking & Finance
SAMA says rate cut unnecessary to spur lending, held at 2% amid declining inflation.

Monday, 02 November 2009

Mashreq expands operations to Kuwait

Banking & Finance
UAE bank's arrival in Kuwait City part of growth plan, MENA branches now total 94 - CEO.

Saudi Arabia calls for strict banking regulations

Banking & Finance
Finance chief also says conservative lending regime needed prior to G20 regulation debate.

Sunday, 01 November 2009

Shuaa Capital posts $73.2m Q3 loss

Banking & Finance
Dubai financial services firm chief says it has hired consultancy to help restructuring, form new strategy.

Senior banker warns UAE job cuts may not be over

Banking & Finance
Standard Chartered consumer banking chief says country 'not out of the woods yet'.

Thursday, 29 October 2009

Mashreq's Q3 net profit falls by 42%

Banking & Finance
UPDATE 1: Dubai's second largest bank by market cap says decline due to rise in loan provisions.

Wednesday, 28 October 2009

Cairo-based Citadel sets up investment funds

Banking & Finance
Company has invested $600m of own money into Mideast, East Africa-focused funds.

RAK Bank posts 10% jump in Jan-Sept net profit

Banking & Finance
Ras Al Khaimah bank says increase due to growth in loans, mortgages, credit cards.

Tuesday, 27 October 2009

Al Mal keeps short-term underperform on UAE's ADCB

Banking & Finance
Broker expects non-performing loans at Abu Dhabi Commercial Bank to continue to rise.

National Bank of Abu Dhabi posts 41% rise in Q3 profit

Banking & Finance
The Abu Dhabi-based lender posted a third quarter net profit of AED914m ($248.8m).

Oman's Bank Dhofar posts 2.2% drop in Q3 profits

Banking & Finance
The bank reported a small decline in third-quarter profits to 7.29 million rials ($19m).

ADCB announces big slump in Q3 profit

Banking & Finance
UPDATE 1: UAE's third largest bank by assets posts 90% fall in Q3 profit from hefty provisions against bad loans.

Mashreq sees 'unprecedented' credit card skips

Banking & Finance
Bank sees rise in number of customers leaving UAE without paying off debts.

HSBC chief sees start of Mideast recovery

Banking & Finance
Bank's regional chief executive Simon Cooper adds that he does not expect rapid economic rebound.

Monday, 26 October 2009

CIB eyes Egypt consumer banking rise

Banking & Finance
Egypt's biggest private bank by assets set to focus on organic growth, not acquisitions.

Algosaibi to seek Al Sanea default in NY court

Banking & Finance
Saudi family conglomerate Algosaibi will ask New York court for default judgment.

Emirates NBD posts 3% rise in Q3 profit

Banking & Finance
UAE's largest bank by assets says Q3 net profit reached $285.9m despite rise in credit impairments.

Sunday, 25 October 2009

TIBC administrator confident but doubts persist

Banking & Finance
Law firm says it is wrong to assume there are ''few assets left'' at Bahraini lender.

Market cap of Arab bourses up 60% since March - UASE

Banking & Finance
UASE Sec Gen calls for better regulation and transparency levels to avert future downturns.

« Prev 1 2 3 4 5 6 7 8 9 10 Next »

SPOT POLL

What do you think about the offer of free legal advice to people caught in Dubai property disputes?

Portfolio Manager
Industry: Finance
Location: Muscat, Oman
Office Manager
Industry: Finance
Location: Abu Dhabi, UAE
Sales Executive - Insurance
Industry: Finance
Location: Dubai, UAE
Audit Manager
Industry: Finance
Location: Dubai, UAE
ACCOUNTANT
Industry: Finance
Location: Dubai, UAE

Browse all jobs »

CONTACTS
Advertise
Who's Who

READER COMMENTS

Reader Comments (24 hrs)

No comments.

Reader Comments (7 days)

Mashreq sees 'unprecedented' credit card skips 10
29 Oct ' 09 at 16:30
I still believe that it's theft to run away with money but speaking of Banks , I reviewed many uae Banks' fees & charges .The charges... More »
Senior banker warns UAE job cuts may not be over 2
02 Nov ' 09 at 12:10
Unless the people that lose their jobs are able to find another high paying job they will be on the next plane out of town as expenses... More »
It ain't over yet 2
02 Nov ' 09 at 16:00
united Arab emirates will come out of downturn they have great leaders with best experience in the world, u a e came from... More »

Reader Comments (4 weeks)

Mashreq sees 'unprecedented' credit card skips 41
29 Oct ' 09 at 16:30
I still believe that it's theft to run away with money but speaking of Banks , I reviewed many uae Banks' fees & charges .The charges... More »
Are you too poor for HSBC? 23
14 Oct ' 09 at 09:10
I don't work for HSBC, and I agree that this policy is abhorrent. However, to keep this article on the front page for well over a week... More »
Recession is over, declare GCC finance chiefs 21
19 Oct ' 09 at 13:48
Well said Mr. Gomes. I too agree upon it. More »

Read all user comments >