Bahrain
Kuwait
Oman
Qatar
Saudi Arabia
UAE
Saturday, 17 October 2009
National Commercial Bank launches online banking
Banking & Finance
The new Al-Ahli Online service allows customers to control their finances from home.
Friday, 16 October 2009
TDIC's $1bn sukuk highlights investor interest
Banking & Finance
Abu Dhabi TDIC's Islamic bond issue in 2009 generated orders worth $6.7bn.
Thursday, 15 October 2009
Dubai debt repayments total $50bn by 2012 - S&P
Banking & Finance
Rating agency says Dubai gov't may face tough choices in supporting entities.
70% of banks set AED20k salary limit for mortgages
Banking & Finance
Colliers report on MENA lenders in Q3 also shows 80% will not lend on off plan projects.
Wednesday, 14 October 2009
UAE could lag GCC economic recovery - NBK
Banking & Finance
Kuwaiti bank says economic growth is likely to be hampered by high debt levels.
Top Mideast banks put aside $7bn for bad loans in H1
Banking & Finance
New study reveals loan loss provisions rose 'very significantly' amid global turmoil.
Tuesday, 13 October 2009
UAE banks facing up to $11bn liquidity shortfall
Banking & Finance
Banks suffering from bad debt due to unsecured lending - Standard Chartered.
Investment Dar extends talks on restructuring
Banking & Finance
Troubled Kuwaiti firm extends deadline to deal with banks, investors 'fairly'.
SABB bank reports 20% fall in Q3 net profit
Banking & Finance
Bank says fall due to its own 'conservative' policy, while deposits continued to slide.
DIFC chief confident of Mideast banking rebound
Banking & Finance
UAE central bank vice chairman says region has weathered the global economic crisis.
UAE bank card fraud seen rising 20% in 2009
Banking & Finance
Senior financial services official says ongoing economic crisis is largely to blame.
Monday, 12 October 2009
Saudi Investment Bank Q3 net profit triples
Banking & Finance
UPDATE 1: Upbeat numbers come despite 2 ratings downgrades issued back in June.
UK freezes business ties with Iranian bank, shipping line
Banking & Finance
Bank Mellat, Islamic Rep. of Iran Shipping Lines previously faced US sanctions.
Arab Nat'l Bank Q3 profit inches up
Banking & Finance
Saudi bank does not indicate any bad provisions linked to troubled Saad, Algogsaibi groups.
Gulf Capital seeks to invest $500m in Saudi, UAE
Banking & Finance
Private equity firm targets 10 $50m deals, one in healthcare sector due soon - CEO.
Dubai Holding pays in full $250m loan
Banking & Finance
Announcement comes less than a week after company pays off $300m Sama Dubai loan.
Doha Bank waiting for upturn to expand
Banking & Finance
CEO says Qatari bank planning for an economic upturn after third quarter of this year.
Mashreqbank files UAE court case against Algosaibi
Banking & Finance
Dubai-based bank wants to claim $398m owed by the troubled Saudi group.
Senior UAE execs see banking at forefront of recovery
Banking & Finance
Respondents bullish on UAE's banking sector in new survey of 25 leading firms.
Sunday, 11 October 2009
Kuwait calls for delay to Gulf single currency launch
Banking & Finance
Ministry of Finance cites ''incomplete preparations'' ahead of 2010 launch date.
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