ArabianBusiness.com - Middle East Business News
Tuesday, 09 February 2010 22:38 UAE time

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Oman's Vision eyes infrastructure growth fund

Banking & Finance
Investments in listed companies targeted, focus on Saudi Arabia, Qatar, UAE and Oman.



Tuesday, 09 February 2010

Rising loan provisions 'natural' - UAE central bank

Banking & Finance
Cbank governer said he expected bad loans to increase to 6.4% from 4.4% in 2010.

Rising loan provisions 'natural' - UAE central bank

Bahrain's GFH chair faces $125m property lawsuit

Banking & Finance
Lawsuit previously rejected by Bahrain's court of first instance and court of appeal.

Bahrain's GFH chair faces $125m property lawsuit

MasterCard records 1,130m purchase transactions in Q4

Banking & Finance
MasterCard announces Q4 & full year results for Asia-Pac, Mideast & Africa region.

MasterCard records 1,130m purchase transactions in Q4

S&P sees more corporate defaults in Mideast

Banking & Finance
Ratings agency doesn't expect a change in the creditworthiness of oil-rich GCC - report.

S&P sees more corporate defaults in Mideast

UAE banks may need more loan write-offs - cenbank

Banking & Finance
UAE's central bank head says such rise is to be expected in the wake of the downturn.

UAE banks may need more loan write-offs - cenbank

Monday, 08 February 2010

Shuaa Capital eyes fee income boost and 2010 profits

Banking & Finance
Dubai based group suffered heavy losses in 2009 due to financial crisis.

Shuaa Capital eyes fee income boost and 2010 profits

Dubai's Tamweel swings to profit in Q4

Banking & Finance
Islamic lender sees funding costs fall in Q4, planned Amlak merger still possible.

Dubai's Tamweel swings to profit in Q4

Kuwait cbank cuts repo rate to help fund development

Banking & Finance
Cut to encourage banks to lend more instead of holding back excess reserves.

Kuwait cbank cuts repo rate to help fund development

UAE central bank sees 'low' 2010 growth

Banking & Finance
Reuters poll predicts 2010 growth to be a 2.5%, still higher than 2009 levels.

UAE central bank sees 'low' 2010 growth

Deloitte to base Islamic finance centre in Bahrain

Banking & Finance
Move comes as IMF sees global Islamic finance assets to exceed $1trn by 2016.

Deloitte to base Islamic finance centre in Bahrain

Emirates NBD launches Jersey deposits

Banking & Finance
Minimum of $25,000 or AED100,000 can be saved in offshore from one month to 3 years.

Emirates NBD launches Jersey deposits

Bahrain insurance premiums rise 30%

Banking & Finance
Trends last year showed that underwriting results remained stable, says CBB chief.

Bahrain insurance premiums rise 30%

Sunday, 07 February 2010

'Dubai determined to repair reputation' - London Lord Mayor

Banking & Finance
'There is a great sense of urgency to have a positive resolution.' - Lord Mayor.

'Dubai determined to repair reputation' - London Lord Mayor

Qatar's next budget to be 'little bigger' - Fin Minister

Banking & Finance
Current fiscal year budget is $26bn, including 1.5% cut in spending.

Qatar's next budget to be 'little bigger' - Fin Minister

Kuwait central bank cuts discount rate by 50bps

Banking & Finance
Points cut aimed at enhancing growth in non oil sectors of the national economy.

Kuwait central bank cuts discount rate by 50bps

Aabar merger 'on track' - UAE's Arabtec

Banking & Finance
Capital injection from merger will be used to accelerate expansion plans and acquisitions.

Aabar merger 'on track' - UAE's Arabtec

DIB signs fund deal with UAE finance ministry

Banking & Finance
Deal will allow bank to provide sharia compliant financing or products.

DIB signs fund deal with UAE finance ministry

Saudi's Riyad Capital CEO sees 20% growth

Banking & Finance
Riyad Bank investment arm expected to be boosted by growing stock market.

Saudi's Riyad Capital CEO sees 20% growth

RAK Bank sees profit up 14% in 2009

Banking & Finance
Bank told Abu Dhabi stock market net income increased to $198m from $173m the year earlier.

RAK Bank sees profit up 14% in 2009

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  1. Emirates NBD launches Jersey deposits 1
    09 Feb ' 10 at 10:52
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