ArabianBusiness.com - Middle East Business News
Thursday, 26 November 2009 09:14 UAE time

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Sunday, 04 October 2009

Investment Dar appoints chief restructuring officer

Banking & Finance
Kuwait firm, part owner of Aston Martin, makes move after defaulting on $100m debt issue.

Investment Dar appoints chief restructuring officer

Abu Dhabi sees biggest easing of Q3 sovereign debt risk

Banking & Finance
Credit Market Analysis says emirate's debt risk falls by 60% between July and Sept.

Abu Dhabi sees biggest easing of Q3 sovereign debt risk

UAE committee to tackle problem of bounced cheques

Banking & Finance
A total of 544,196 bounced cheques recorded during January and May this year.

UAE committee to tackle problem of bounced cheques

Saturday, 03 October 2009

Mashreqbank’s US lawsuit based on forgery - Algosaibi

Banking & Finance
Saudi group says Dubai bank's suit in US over $200m in forex deals should be thrown out.

Mashreqbank’s US lawsuit based on forgery - Algosaibi

Hines plans $1bn UAE property fund - report

Banking & Finance
Real estate firm plans to set up distressed asset fund focusing on the UAE.

Hines plans $1bn UAE property fund - report

Dubai's DIC, Almatis' mezzanine lenders in revamp bid

Banking & Finance
Restructuring proposal designed to avoid a Chapter 11 filing - banking sources.

Dubai's DIC, Almatis' mezzanine lenders in revamp bid

Friday, 02 October 2009

UAE's ADCB sets guidance for $1bn bond tranche

Banking & Finance
UAE's third largest lender by assets has plans for $7.5bn bond programme.

UAE's ADCB sets guidance for $1bn bond tranche

UAE's NBQ bank has $12.5m exposure to Saudi groups

Banking & Finance
UAE lender says it has already taken more provisions than the cenbank requires.

UAE's NBQ bank has $12.5m exposure to Saudi groups

Thursday, 01 October 2009

Qatar launches GCC's largest online financial resource

Banking & Finance
Initiative part of Gulf state's aim to become leading knowledge based economy.

Qatar launches GCC's largest online financial resource

Wednesday, 30 September 2009

New liquidity rules seen in Bahrain in Q4

Banking & Finance
Central bank plans overhaul of liquidity management rules for banks; grace periods to be offered. 

New liquidity rules seen in Bahrain in Q4

Investcorp to raise $40m more in pref shares

Banking & Finance
UPDATE 1: Bahrain bank sees improved Q1 after recently posting first ever annual loss.

Investcorp to raise $40m more in pref shares

Etihad seals $1bn deal for aircraft finance

Banking & Finance
UPDATE 1: UAE carrier agrees financing from Europe, US credit agencies for purchases.

Etihad seals $1bn deal for aircraft finance

Banks to provide details of Saudi exposure

Banking & Finance
UPDATE 2: UAE bourses direct banks to detail exposure and provisions for Saad, Algosaibi.

Banks to provide details of Saudi exposure

Tuesday, 29 September 2009

Moody's downgrades Bahrain's Investcorp

Banking & Finance
Long-term deposit ratings cut to Ba2 from Ba1, bank financial strength rating (BFSR) to D from D+.

Moody's downgrades Bahrain's Investcorp

KIA denies UNCTAD asset losses claim

Banking & Finance
Sovereign wealth fund asks UN agency to correct claim in report that fund’s assets slumped 41% last year.

KIA denies UNCTAD asset losses claim

Rothschild busiest in Mideast M&A - study

Banking & Finance
Investment bank still expects Mideast to be one of the fastest growing regions for deals, longer term.

Rothschild busiest in Mideast M&A - study

Dubai regulator says Saad unit licence may be withdrawn

Banking & Finance
Unit's affliate, LA Investments, already placed into liquidation in UK by authorities.

Dubai regulator says Saad unit licence may be withdrawn

Qtel completes $2bn loan deal

Banking & Finance
Qatar telecom company announces completion of facility, part of which will help refinance existing debt.

Qtel completes $2bn loan deal

'No concern' over UAE banks' exposure to Saad, Algosaibi

Banking & Finance
Mashreq chief says banks have capital strength to cover exposure to firms.

'No concern' over UAE banks' exposure to Saad, Algosaibi

65% of banks sign up to wage protection system

Banking & Finance
35 out of 54 banks in the UAE approved for new scheme that starts this week.

65% of banks sign up to wage protection system

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READER COMMENTS

Reader Comments (24 hrs)

  1. UAE banks need to improve customer service - poll 5
    25 Nov ' 09 at 14:54
    If you want the best way to avoid these harassing calls, follow these steps (this applies to Nokia phones):1) download the (free)...   More  »
  2. Deal sought on Dubai World, Nakheel debts 2
    26 Nov ' 09 at 00:40
    We have full confidence in Nakheel and Dubai and this company is too big to fail. I am sure they will find amicable solutions for...   More  »
  3. More UAE bank mergers predicted in 2010 - Ethos 2
    26 Nov ' 09 at 07:46
    Yes we do have more banks than we need, but consolidation should never be imposed! There should be definite synergies between the...   More  »

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