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Thursday, 26 November 2009 07:12 UAE time

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Friday, 25 September 2009

Kuwait mulls Iraq investments on reparations issue

Banking & Finance
Kuwait mulls a way of resolving dispute over money owed by Baghdad for 1990 invasion.

Kuwait mulls Iraq investments on reparations issue

Thursday, 24 September 2009

Seven UAE banks downgraded by Fitch

Banking & Finance
Ratings agency downgrades long-term issuer default ratings of Mashreq and Tamweel, among others.

Seven UAE banks downgraded by Fitch

Wednesday, 23 September 2009

UAE cos hold line on bonuses - survey

Banking & Finance
Bonuses, incentives still a regular feature of the corporate landscape, despite global economic downturn.

UAE cos hold line on bonuses - survey

Deutsche Bank, Algosaibi unit battle it out in NY court

Banking & Finance
Allegation that foreign exchange swap not completed, judge set to rule by Dec. 9.

Deutsche Bank, Algosaibi unit battle it out in NY court

NBK cuts fair value estimates on 4 Saudi banks

Banking & Finance
Downgrade in response to fears of weakening asset quality in banking sector.

NBK cuts fair value estimates on 4 Saudi banks

Dubai Holding to pay off property unit's $300m loan

Banking & Finance
Dubai's investment giant will pay off loan for Sama Dubai - statement.

Dubai Holding to pay off property unit's $300m loan

ADCB has $609m exposure to Saad, Algosaibi

Banking & Finance
Abu Dhabi Commercial Bank says it will have to book additional provisions - prospectus.

ADCB has $609m exposure to Saad, Algosaibi

Dubai no longer world's fastest rising financial centre

Banking & Finance
Emirate also falls in list of favoured locations for companies to open new offices - index.

Dubai no longer world's fastest rising financial centre

Tuesday, 22 September 2009

Mayfair extends REMNotes investment fund deadline

Banking & Finance
Sharia compliant distressed property fund available to individual, corporate investors.

Mayfair extends REMNotes investment fund deadline

Saad says no documents found after police request

Banking & Finance
Papers were sought from Saad Swiss unit regarding transactions with Algosaibi.

Saad says no documents found after police request

Monday, 21 September 2009

Tehran dumps dollar for euro

Banking & Finance
Value of nation's Oil Stabilisation Fund (OSF) now set to be calculated in euros, according to local media.

Tehran dumps dollar for euro

63% say banks are still not lending amid downturn - poll

Banking & Finance
Arabian Business poll reveals widespread frustration over lack of loans offered.

63% say banks are still not lending amid downturn - poll

Sunday, 20 September 2009

Standard Chartered in debt talks with Dubai firms

Banking & Finance
Companies may sell debt as early as next year, according to media reports.

Standard Chartered in debt talks with Dubai firms

Adia searching for big name property figure

Banking & Finance
Sovereign wealth fund reported to be searching for a global head of real estate tax.

Adia searching for big name property figure

Saturday, 19 September 2009

Dubai ruler enacts revisions to DIFC legal framework

Banking & Finance
Aim is to stimulate growth of new sectors, boost local financial services industry.

Dubai ruler enacts revisions to DIFC legal framework

Saudi's Saad family faces Swiss lawsuit - report

Banking & Finance
Indebted Algoisaibi sues Swiss arm of troubled rival conglomerate Saad Group.

Saudi's Saad family faces Swiss lawsuit - report

Friday, 18 September 2009

Dubai World creates senior posts in restructuring

Banking & Finance
Gov't holding co creates two senior posts as part of efforts to streamline operations.

Dubai World creates senior posts in restructuring

Foreign creditors troubled by Saad debt deal - bankers

Banking & Finance
BNP Paribas and Citigroup among int'l banks with exposures to troubled groups.

Foreign creditors troubled by Saad debt deal - bankers

Thursday, 17 September 2009

Dubai World shifts some property assets to Istithmar

Banking & Finance
UPDATE 1: Gov't conglomerate moves execs over from developer Nakheel in shake-up.

Dubai World shifts some property assets to Istithmar

World Bank talks to GCC on capital raise - paper

Banking & Finance
Increases would mean more voting rights in the World Bank for Gulf Arab states.

World Bank talks to GCC on capital raise - paper

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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. 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. More UAE bank mergers predicted in 2010 - Ethos 1
    25 Nov ' 09 at 18:26
    would like to see the following banks merge into 1 Dubai BankSharjah Islamic BankBank of SharjahAjman BankRAK BankNBFNBQOn their own,...   More  »

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Gitex 2009

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