ArabianBusiness.com - Middle East Business News
Friday, 27 November 2009 04:38 UAE time

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Cost of insuring Dubai's debt rises further

Banking & Finance
Credit default swaps jump on Thursday after gov't seeks standstill deal on debts.



Wednesday, 25 November 2009

Deal sought on Dubai World, Nakheel debts

Banking & Finance
UPDATE 3: Cost of insuring Dubai's debt against default soars, DP World not included in restructuring.

Deal sought on Dubai World, Nakheel debts

Arab youth SMEs turn to family finance

Banking & Finance
Lack of venture capital is hindering young Arab entrepreneurs - chairman of Young Arab Leaders.

Arab youth SMEs turn to family finance

Dubai raises further $5bn in bond sale

Banking & Finance
UPDATE 3: Amount raised will meet emirate's current needs and obligations - Dep't of Finance statement.

Dubai raises further $5bn in bond sale

Aabar enters into $1.625bn loan agreement

Banking & Finance
UPDATE 1: Abu Dhabi firm borrows six-month loan for general commercial purposes.

Aabar enters into $1.625bn loan agreement

UAE banks need to improve customer service - poll

Banking & Finance
Arabian Business survey reveals widespread criticism of banking sector services.

UAE banks need to improve customer service - poll

Tuesday, 24 November 2009

Islamic banks should target female market - report

Banking & Finance
Islamic banks 'well positioned' to take advantage of growing demand.

Islamic banks should target female market - report

Monday, 23 November 2009

Abraaj Capital issue is fully subscribed

Banking & Finance
Firm completes $375m capital increase to shareholders, raises company's paid-in capital to $1.5bn.

Abraaj Capital issue is fully subscribed

Dubai's Pharos launches $350m agricultural fund

Banking & Finance
Private equity firm announces fund to invest in agricultural projects.


UAE withdrew from monetary union for 'fundamental reasons'

Banking & Finance
Gulf monetary agreement did not consider the UAE banking sector - UAE Central Bank chief.

UAE withdrew from monetary union for 'fundamental reasons'

Sunday, 22 November 2009

Emirates NBD has $350m Saudi exposure - chief

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

Emirates NBD has $350m Saudi exposure - chief

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

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SPOT POLL

Have you cut back your spending on groceries amid the downturn?

Actually, I’ve reduced my spending on everything… food, clothes, going out – the lot.
I’ve swapped to non-brand food items, and always look for special offers, but that’s it.
No, I’m spending the same.
No way, it's champers and caviar for dinner every night!
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READER COMMENTS

Reader Comments (24 hrs)

  1. Deal sought on Dubai World, Nakheel debts 19
    26 Nov ' 09 at 20:13
    Red Devil/Sandjocky, I have also had several posts blocked over the past couple of days, posts that speak of the facts only as they...   More  »
  2. Off the peg 1
    26 Nov ' 09 at 18:06
    Given the news about the DW and Nakheel stand still, it is more important than ever for the Dirham to hang on to the peg, if it can...   More  »
  3. Arab youth SMEs turn to family finance 1
    26 Nov ' 09 at 10:44
    In a country like the UAE where the vast majority of the population and working professionals are expatriates, there should be...   More  »

Read all user comments >

Gitex 2009

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