ArabianBusiness.com - Middle East Business News
Saturday, 22 November 2008 02:07 UAE time

YOUR DIRECTORY /

Saudi prince ups stake in US banking giant

Banking & Finance
Prince Alwaleed bin Talal to increase stake in Citigroup to 5%, shares rise as a result.



Thursday, 20 November 2008

Lenders ramp up interest rates on home loans

Banking & Finance
Banks in the UAE increase mortgage rates by as much as 2.5% as cost of borrowing rises.

Lenders ramp up interest rates on home loans

Kuwait introduces new repurchase deals

Banking & Finance
Central bank's move to revamp monetary policy tools in effort to boost investor confidence.

Kuwait introduces new repurchase deals

Wednesday, 19 November 2008

Finance still most popular jobs sector: survey

Banking & Finance
Regional questionaire shows respondents from UAE, Kuwait and Jordan in agreement.

Finance still most popular jobs sector: survey

Amlak suspends new mortgage loans

Banking & Finance
Dubai-based Islamic lender says move is temporary, may also need to access retail deposits.

Amlak suspends new mortgage loans

UAE to assess if $19bn facility enough for banks

Banking & Finance
Government will have disbursed $13.6bn by the end of next week, says official.

UAE to assess if $19bn facility enough for banks

Iran mulls $1bn international bond issue

Banking & Finance
Islamic Republic tries to raise money in difficult financial climate against sanctions backdrop.

Iran mulls $1bn international bond issue

First Gulf in share buyback

Banking & Finance
Abu Dhabi lender initiating buyback of 10% of its shares, which have fallen more than 40% this year.

First Gulf in share buyback

Tuesday, 18 November 2008

No plan to sell LSE stake: Borse Dubai

Banking & Finance
State-controlled company's 20.6% stake 'very strategic' despite mounting $4.6bn of debt.

No plan to sell LSE stake: Borse Dubai

Barclays aims to head off Mideast stake revolt

Banking & Finance
British bank offers shareholders a slice of the proposed $8.7bn capital injection.

Barclays aims to head off Mideast stake revolt

RAK Bank tops UAE retail banking survey

Banking & Finance
Winners and losers revealed in fourth annual survey by independent research group.

RAK Bank tops UAE retail banking survey

Monday, 17 November 2008

Russia's Pharos fund sets up shop in Dubai

Banking & Finance
First Russia-focused fund to join Dubai International Financial Centre, says its founder.

Russia's Pharos fund sets up shop in Dubai

Kuwaits's Global Investment House cancels $410mn loan

Banking & Finance
Decides not to proceed with acquisition of 20% stake in National Bank of Umm Al-Quwain. 

Kuwaits's Global Investment House cancels $410mn loan

Kuwait's Gulf Bank in $1.4bn capital hike after shock loss

Banking & Finance
Entire board resigns as state fund agrees to mop up any shares left unsubscribed.

Kuwait's Gulf Bank in $1.4bn capital hike after shock loss

More banks curb lending to low wage earners

Banking & Finance
Banks across UAE hike minimum monthly salary needed to qualify for personal loan.

More banks curb lending to low wage earners

Advisors urge 'no' vote on Mideast stake in Barclays

Banking & Finance
Corporate governance group PIRC opposes proposed $7.4bn fundraising plan.

Advisors urge 'no' vote on Mideast stake in Barclays

AED25k a month salary to get loan with Lloyds

Banking & Finance
EXCLUSIVE: British lender hikes minimum monthly wage needed to qualify for loan.

AED25k a month salary to get loan with Lloyds

UAE mortgage lending almost doubled in H1

Banking & Finance
Latest central bank figures reveal massive increase in year to June.

UAE mortgage lending almost doubled in H1

Bank introduces online Salik payments system

Banking & Finance
Dubai Islamic Bank offers new service to customers after agreement with RTA.

Bank introduces online Salik payments system

Sunday, 16 November 2008

Ex-World Bank chief warns GCC not immune from crisis

Banking & Finance
Says education and employment pose major challenges to the Arab countries.

Ex-World Bank chief warns GCC not immune from crisis

 « Prev  1  2  3  4  5  6  7  8  9  10  Next » 

more » MIDDLE EAST MARKETS DATA

DFM

Last Price:

2,012.24

-40.91-1.99%

20 Nov 2008 09:59 GMT
(Market Closed)

ADX

Last Price:

2,833.55

-47.20-1.64%

20 Nov 2008 10:00 GMT
(Market Closed)

SSE

Last Price:

4,880.44

-89.52-1.80%

19 Nov 2008 12:30 GMT
(Market Closed)

CURRENCY CONVERTOR

SPOT POLL

Following the temporary closure of Kuwait Stock Exchange, what do you think the future holds for Gulf markets?

Markets have reached a nadir and share values will now begin to recover.
Most sectors will soon recover but the real estate shares will suffer for some time to come.
The global financial crisis has only just arrived and markets are in for worse times ahead.
Many more companies will be forced to buy back shares in a bid to boost their value.
ArabianBusiness.com/Jobs - Middle East Jobs Search
  1. AML Officer
    Industry: Finance
    Location: Dubai, UAE
  2. Energy Account Executive
    Industry: Finance
    Location: Dubai, UAE
Browse all jobs »
EMIRATES ID DOWNLOAD

READER COMMENTS

  1. Lenders ramp up interest rates on home loans 2
    21 Nov ' 08 at 12:13
    I used to have a mortgage with an Islamic lender in Dubai. They hiked the interest rate twice within 2 years and never informed me, it...  More »
  2. First Gulf in share buyback 1
    21 Nov ' 08 at 11:06
    I dont think share buy back decision provides the expected signalling effect, especially in the context of current market situation....  More »
Read all user comments >

BUSINESS FEATURES

Sukuk and the city

The City of London has had a rough time recently, but for the city's Islamic financiers, outlook looks rosier.

The new colour of Islamic money

Islamic banks are moving to centre stage as they bid to take market share from conventional lenders.

Banks hoard Fed cuts

Regional mortgage lenders are refusing to pass falling US interest rates on to customers in the emirates.

BUSINESS INTERVIEWS

Comeback kids

Arabian Business talks to Unicorn's CFO to discover why Islamic finance is now in higher demand than ever.

Noor goes moor

Noor Islamic Bank CEO Hussain Al Qemzi plans to take the fledgling bank across the Gulf and around the world.

Why there's life after Lehman

As global markets go into freefall, where will sovereign funds be looking next? Makram Azar explains.

MORE FROM ARABIANBUSINESS.COM